Datum is a decentralized and distributed high performance NOSQL database backed by a blockchain ledger. This technology allows anyone to backup structured data like social network data, data from wearables, smart home and other IOT devices in a secure, private and anonymous manner. Datum provides a marketplace where users can share or sell data on their own terms.
The Ecosystem The Datum network relies on the DAT token smart contract to provide secure trading of data while respecting the terms set out by data owners.
Datum successfully raised 5,000 ETH on their presale.
Exchange of encrypted data through combination of DAT token powered marketplace on Ethereum blockchain and encrypted "off-chain" data exchange using private key exchange on BigchainDB.
11th August 2017
12th September 2017 to 12th October 2017
Attention. There is a risk that unverified members are not actually members of the team
$14 915 655
Positives Storage Nodes: Miners like Datum because of its efficient mining nodes. Miners that run storage nodes and provides low latency data access are rewarded in DAT tokens. Marketplace: Datum’s marketplace allows users to sell their data to trusted entities or share it selectively. Since the data is protected by blockchain technology, its unable to be destroyed by third-party users or hackers. Team Experience: Datum is backed by a team with over 80 years experience creating large-scale management and data processing systems. The company is based in Hong Kong, Singapore, and Switzerland. Negatives Country Restrictions: How will Datum become accepted in western countries such as the US and the UK? If it’s able to achieve global adaptation, then the project is a complete success. Data Value: The value of the user’s data is based on the price of DAT. What happens if it drops? Datum’s user data system is an innovative option, but it needs to find out how to prevent the user’s value from decreasing.
Datum’s token sales are taking place throughout August, with the ICO scheduled for September/October. The company aims to change the way we manage and control our data. It puts users back in control of their data, letting users choose which data they wish to share, and with which parties. Users can profit off selling their wearable fitness tracker data, for example, while preventing companies from viewing their social media information on Facebook.
Datum is developing a network for decentralized data transfers and storage.Datum wants to change the big data industry by utilizing blockchain technology as a means of storage and data transfers, the produced data is encrypted from source and only the producer or owner has access to the private keys.
Although Datum is actively developing their client and platform there seems to be indecisiveness on what to implement, the whitepaper is highly speculative and lacks detail on practical use and is mostly filled with ideals and options on what the project can be. Indecisiveness in relation to data verification and false ideals on global implementation by high user demand creating a ‘’decentralized data monopoly’’. There’s also no guarantee that buyers of false or outdated data can be refunded or compensated by the Datum network, no mentioning of this is made in the whitepaper.
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