INTRODUCTION
Data is the corner stone of the online industry.Many bytes of data are created globally and many corporations benefit from this, but surprisingly creators of data hardly benefit anything.Online giants like Facebook, Google, Twitter, Instagram etc have continued to rake in millions without paying anything for the data utilized.They banked on the inability of a methodical regulatory option to be created to exploit and manipulate data creation and utilization.
HOW DO CREATORS OFFER FREE DATA TO THESE GIANTS?
Whenever pictures, music etc are uploaded; whenever things are synchronized and the continuous surfing of the internet is done, data get created and instead of this companies to pay for the data, they freely utilize the data...and a very huge profit is made by them.Hqving seen this seeming rip off, DATUM, an online Cryptocurrency advocate has decided to dig deep into the prevailing anomally and give credit by way of monetization to those that create data.
HOW DOES DATUM WORK?
DATUM, originally a Switzwerland based technology outfit but now a global firm has sought to counter the anti-incentive or anti-remuneration scheme of users of data.DATUM utilizes BlockChain technology to run a cryptocurrency scheme.This scheme enables data creators from across the globe to have a unified and decentralized platform to offer their data for grabs monetized.There is no gainsaying the fact that such measure will lead to higher creation of data from returns from sales.
The platform equally allows for data sharing.The BlockChain technique is uninterrupted unlike what could occur in the conventional system.The process is 24/7.Since the world of business has continued to go online, huge benefits await creators of data as utilization will soar.There will equally be expansion in the creation and storage of data.Yes, data can be stored with DATUM as long as the creator feels.This will attract some form of incentive technically fixed.
HOW TO PARTNER WITH DATUM
DATUM utilizes token for registration.The token has units of value which the data creator will offer for payment.After this registration, the token will be destroyed.When data is uploaded, any outfit desirous of utilizing the data will make payment by way of token and this will have some value in the form of cryptocurrency.This means that the data have been monetized.The creator can only get his amount of data sold in cryptocurrency when a token for this has been obtained.The creator can exchange the equivalence of the cryptocurrency in the token.Whereby the creator of data feels to exchange this with a recognized currency like dollar, there won't be problem.It would be exchanged at the exchange platform available.
THE TEAM BEHIND DATUM
DATUM has for years had among other things the best heads for business innovation and productivity.It has a team with indepth knowledge of the day to day bugeoning technology environment, as well as mastery of good human relations.They have consulted for ancilliary firms and they are still consulting.The have floated and chaired so many boards, and they still allow rooms for improvement.Roger Haeni, co-founder and CEO; Gebhard Scherrer, co-founder and Operations head; Theo Valich, Head of Growth are but a few of the egg heads working nonstop to push this project to its best ever.
CONCLUSION
With DATUM creators of data will take their rightful place and be key players on how data can be generated and utilized.They can determine how and when data can be utilized.
For more information on DATUM, please visit the following useful links:
Website: https://datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Telegram: https://t.me/datumnetwork
Author: sagacity
bounty0x.io/profile name: sagacity