Datareum Blockchain Based Technology

April 25, 2018

https://www.datareum.net/

The information market is a special interest and value for marketing companies of varying degrees and directions. Where possible, there is a collection of data on users with further analysis by a specific organization that then sells this data set to interested people. As a rule, this happens unilaterally, and those who collect information really have nothing. In the 21st century, information is an important source for the advancement of capitalism, its ownership advantage over others. What solutions exist for this industry?

PROBLEM

Quantification of actual data values has never been an easy task: its collection and analysis result in an exhausting process that uniquely influences the market. Initial analysis of the information market indicates that the capitalization of this industry is about 200 billion USD, and it is expected that this indicator will grow rapidly, and in the future, the data will be one of the most valuable resources on Earth as early as 2022.

Like anything else that has value, data can be sold (bought and sold) and executed by a specialized organization, better known as a data broker. They collect, analyze, and store personal information about different layers of consumers, and then sell them to organizations that need data. Usually this is done behind the scenes, without the knowledge of the consumers themselves, therefore, the latter does not receive any benefits at all.

SOLUTION

The creation of a bilateral data exchange market is the key to the most complete and qualitative approach to collecting and analyzing information. Direct consumer interest in participating in the industry will directly ensure the significant growth of the industry. The availability of special platforms that enable these operations will be the right infrastructure, a starting point in development. Especially if you attach a block to a potential site, then the result will be a unique open and decentralized platform, combined with microeconomics. To realize this idea, a Datareum start-up is collected.

ABOUT PROJECT

Datareum is a decentralized, high quality data market. The data provider (the user) receives the DTN token to provide marketing data. Buyer (interested in receiving data) - pay DTN for the acquisition of this data. Decentralization ensures the uniqueness and validity of collected data, which will never be deleted or duplicated.

A working prototype of the project has been developed.

PLATFORM WORK PRINCIPLES

To provide high-quality data, a custom verification channel is created. He checks them in terms of quality and content, then the various information being processed enters the data market, and those who provide information are rewarded with the DTN token. Upon entering the market, interested parties can purchase it at a price provided by the user. The first client buys data from the database and after using it - it can resell it to the platform. Payments are made to the data provider immediately after the execution of the smart contract. Payments are made at DTN, and they can be traded on the exchange or used on the Datareum platform.

This is essentially an innovation of a decentralized database - the owner is one person. Resale data from client A can be purchased by client B. Some funds from data sold are transferred to the database fund to continue its development.

Data candidates can get the exact data they need by creating surveys based on their needs, rather than buying from data brokers and dropping most of the unnecessary data. Prospective data can be assured of obtaining a reliable, high-quality and ethically correct line of information to use in their work.

The general concept is expressed in the picture below:

WHAT IN ICO ACCOUNTS?

ICO main parameters are presented below:

Sailing requirements: from 28 April to 18 July 2018.

Token name: DTN;

Standard token: ERC-20;

Price token: 0.03 USD;

Total number of tokens: 1 billion DTN;

SoftCap: 0.5 million USD;

HardCap: 18 million USD.

So explanation from me about DATAREUM, hopefully you are pleased to join us.

Thank you...