Dataeum

DATAEUM is a blockchain-based platform which uses crowdsourcing to enable the collection of 100% of all the global physical data (such as stores, gas stations, traffic signal) anywhere in the world with 100% accuracy.

PROS:

• The platform has a well developed mobile application which can be used by  the individuals to collect a high quantity of physical data  and get rewarded in Tokens
• The platform is highly scalable and reliable  as it  enables the data to flow freely  and securely from between the data collector  and acquires without any exploitation
• The platform is highly transparent through the use of blockchain and smart contract the users are able to clearly see how the data is collected, verified and updated hence providing a guarantee of reward for the collectors
• The platform  use eliminates the exploitation of the users by large organizations and other intermediaries as it links directly the data acquirers and the users lowering the involved cost
• The platform is built on different technologies  with the use of Big chain DB enabling the secure storage of the user’s data  hence preventing any  loss
• The platform has a good team on board with credible working experience and skills with the CEO and the founder Charley Pham being credited for several successful ventures  and creating the first mobile application for the physical data generation based on crowdsourcing  making the platform implementation easier
• The platform  whitepaper is clearly understandable  and simple providing adequate details on the use of the project in ensuring easy data management

CONS:

• The platform doesn’t give a representation  of warranty making the users be solely responsible  for the  taxes imposed on the Dataeum tokens(XDT)
• The platform amount raised during the pre-sale stages are not secured thus are subjected to losses
• The platform application is only available in the alpha version limiting the smartphone users in remote areas

SUGGESTIONS:

• The platform should set up a financial institution to give a licensed financial assistance and secure the funds raised during the pre-sale stage
• The platform technical team should create a mobile application supported by Android and IOS to enable the users to easily collect data and earn rewards via their smartphones

NOTE:

The use of crowdsourcing enable the platform users to easily and transparently collect the global data from anywhere across the globe making the use viable. I would therefore invest in it.

Positives Allows users to monetise on their delivery of data Data is very detailed and updated Fast and scalable to be global due to the apps inputted technology Negatives Too much detail in data could be used wrongfully in certain peoples hands

Dataeum is a project created by DenDen Company that wants to place individuals at the center of the data ecosystem, tackling the challenges of data ownership and data reliability, making it decentralized, dis-intermediated and incentivized through collaborative solutions (Crowdsourcing) using the blockchain and smart contracts.

Main features

• Any individual (crowdsourcing) will now be able to collect a high quantity of data through a mobile application and get rewarded in tokens.
• Data will be used by any company, government or individual that is seeking databases.
• An ultra-scalable and highly reliable platform that will secure the relationship between both data collectors and acquirers.
• Legacy mobile app with proven scalability and profitability (Barcelona, London and Paris).
• Blockchain will guarantee the transparency of the data generation process, its collection and accuracy.
• Dataeum Token will be the fuel of the exchanges, from collectors to data acquirers.

Novelties

• This innovative method and solution will make it possible to gather 100% of the real world’s data with 100% accuracy (quality data).
• Data will be accessible for use within a decentralized marketplace, according to the different needs of each market player.
• Gives control to the individuals who create data, suppressing the middlemen.

Competitors

Right now there is no direct competitor to this project. There are projects based on blockchain working to improve copyright (Copytrack), data quality (SkyTao) and others that protect data privacy or data rights, but none with the Dataeum approach.

Conclusion

Data production grows exponentially but, currently, only a minimum percentage is analyzed, exploited or monetized. Dataeum has an original idea which “refines” the quality of the data, a market that is now estimated at more than 3 trillion dollars, a gold mine for large corporations and governments.

In this project good team and strong advisors. The project has every chance to become successful. But I will tell fairly, something is missing to tell WOW. But, I will repeat, at this project every chance of success, looking from outside.