Datareum’s platform provides a marketplace for high quality data. Data Providers continuously earn DTN as the data they have provided is resold. Data Requesters pay for customized data, which can be resold for profit.
Nov 17, 2018
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Attention. There is a risk that unverified members are not actually members of the team
$28 000 000
Strengths: an alpha version of the product is available. Pre-sale soft cap reached. Solid team with clear vision of market’s potential. The project has short-term and long-term vision and goals. Weaknesses: there are no financial plan/projections, no marketing plan and no competitor analysis. Team members’ biographies should be added to the WP and on the website (there are only names). There is no FAQ section on the website.
The company is designed to give data control back to the people. It’s an open marketplace for people seeking to buy data, and the ones looking to sell it to them. There is honesty about the team and they even disclose the location of the company headquarters. Basically, Datareum seems to be a quality company that would be ok to invest into.
The idea of creating peer-to-peer marketplaces for selling data of ordinary users is very promising, but at the same time complex. The market for such systems is still being formed and Datareum is one of the pioneers.Datareum focuses on the topic of online surveys. Currently, the alpha version of the product has been announced. The roadmap is worked-out in large blocks up to Q3 2020, the technological part will complete in Q3 2019.We like that Datareum is attentive to the quality and reliability of the data. This is the cornerstone and Datareum has announced a number of mechanisms how to guarantee this.Considering the shortcomings, it seems to us that legal risks and technical details are spelled out in the Whitepaper in insufficient detail. The mechanisms for “forgetting” information are not reflected, as well as the mechanism for selecting the right data for the case when all profiles are encrypted for the peer-to-peer architecture. It is also not explained how Datareum technically guarantees the impossibility of reselling data bypassing the platform.In general, the project looks interesting and promising. A professional team, an excellent vision and a noble goal – to return people control over their data.
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