The ecosystem is a decentralized marketplace on the blockchain which enables individuals to sell their personal data to researchers and other interested people.
In 2008 when Satoshi Nakamoto submitted the blockchain whitepaper he was sure his invention was going to solve some problems of humanity. He may not have imagined that his creation will gain relevance of the magnitude we see it today. The blockchain is not just solving the problem of double spending without the need of a trusted authority or a central server; it has gain usefulness even beyond application in banking and finance and is speculated to be leading man into another revolution. The blockchain has been recently adopted in nearly every sector of human endeavor and on the it is being used to provide data for research and other purposes.
One of the greatest limitations of research is of data. This is due to people’s reluctance to share their data due to security reasons. is the platform that want to bring security into the business of selling personal data by facilitating peer-to-peer marketing of information on the blockchain platform giving the owner of data control over who gains access to his data and what course he wants to commit it to without having to expose his information to a third party or broker. On the other hand, data brokers take the data people generate without their consent and give to big establishments for benefits. However, they do not give those people whose data they shared anything from what they made from sharing their data. Now one can make money by sharing his personal data securely on Datareum. The application for data use is rapidly growing hence there is an increase in of data.
It is established that companies such as Facebook, Google the likes make billions of dollars because they know everything about our online habit. Most of the information collected by these companies are out of reach of individuals and researchers. These data may contribute to the advancement of our society by making them available to academic researchers to conduct studies. Apart from not profiting from the data we generate and making them available to researchers, we run a potential risk when we fail to take control of our data. Sometimes the data we generate given to organizations that use it against us.
The data brokerage market is a very big one estimated at about 200 billion USD with international players in the business making annual revenue that into billions. This market is said to be in its early stage of evolution and it is said that 90% of data in the existing data profile was accumulated within the last two years. There would be in demand data because the need for data is bound to increase. It has been predicted that by 2022 data will be an essential raw material for business operations. Therefore, the business model is a viable one that is on time and will grow with the evolving brokerage market.
Our personal online data is an economic asset generated by our identity, behavior purchases. We can sell and make a fortune out of it. Being careless about our data leaves it in the hands of people we cannot trust which are both risky and an economic waste. is the platform that helps one control his data, use it in a way one chooses, protect it from getting into unwanted hands and make money from it through direct marketing on a decentralized market that is powered by blockchain which allows peer-to-peer trading and transfer of personal information securely without the risk of hacking thereby eliminating data brokers which will change data . There is a data vault where users can store their personal information.
is a marketplace where requesters meet with providers. Requester people that want to buy data while providers are those that sell data. data marketplace is an architecture of smart contracts that confirms or denies the legitimacy of data entered and determines whether it is delivered or rejected. If exchange is made between parties.
The ecosystem will drive on the token. Payment for all transactions made on the platform would with DTN an ERC20 utility token. DTN is set to launch quarter of 2018. Token pre-sale starts April 28, 12 PM UTC. contribution is 1 ETH. One DTN will be sold for USD 0.03. sale will start June 18.
The Token details are as hereunder
Symbol: DTN
Total supply: 1,000,000,000
Available for sale: 600,000,000
Hard cap: $18,000,000
Though I am not a financial expert to on the profitability or otherwise of this project, I strongly believe that it is a great one. The concept is appealing to invest in.
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published by: Kontolq_Abo | https://bitcointalk.org/index.php?action=profile;u=1572785
MEW: 0xb7742Bb562b6acf9FAfAFFf3368D37972F671959
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