Has it ever crossed our minds that our personal data could be a source of moneymakers? I’m sure none of us even thought of such a thing. But lately, there is a project in the crypto world of the eye that allows it to happen. The name of the project is DATAREUM. In this post, I will review a bit about this Datareum project.
What is DATAREUM?
Datareum is a decentralized marketplace that will allow us to monetize our personal data, sell it directly to researchers, companies, and other interested parties. Data Providers will get benefit continuously in the form of DTN tokens because the data they provide has been resold. Whereas applicants Data pay for customized data, which can be resold for profit.
Built on the Ethereum public blockchain system, the Datareum platform will facilitate peer-to-peer transactions from private information securely, without the risk of hacking. By leveraging incentive mechanisms within the platform, Datareum will ensure the availability of high-quality custom data, providing an indispensable tool for researchers.
The current problem is that we do not realize that our personal online data is a very important economic asset. For example, the data we generate is our basic identity (such as age, location, gender), our behavior (such as interests, attitudes, and opinions), and our purchases. We personally produce this information but we do not seem to have it, and we certainly do not benefit from it directly. While our online data is unknowingly collected by the data broker industry then resold for a big profit.
Based on the above problems, Datareum present provide solutions for us to benefit from our personal online data that we have collected.
In the picture below will explain how the scheme works from Datareum Marketplace.
As we can see in the picture above, the data provider (in this case we) will get the advantage of a DTN token from the data applicant. The advantage will we get when someone is asking for data to us, then we will get profit again continuously when our data is sold again by applicant data. Can we imagine how much profit we will get if many are requesting data to us and they sell it back, certainly a lot.
What are the benefits of data providers?
We as a data provider will benefit as follows:
– Can control the data completely
– Earn money from the information we provide
– Release only what we want
– Make money by filling out surveys
– Produce residual income on our data
Advantages of data requesters?
So what are the benefits of data requesters? are as follows:
– Create a custom survey
– Reduce costs by eliminating intermediaries
– Resell data in Datareum Market
– Fund customer research by selling data products directly to customers
Information about Token Offering (ITO)
As mentioned above, data providers and data applicants will benefit from a DTN token, therefore Datareum will launch the DTN token. The DTN token is created using the Ethereum platform. The pre-sale of the DTN token will start on April 28, 2018 12 PM UTC.
Price in ICO: 1 DTN = 0.03 USD
BONUS: Presale 20 %
Tokens for sale: 600,000,000
Min. investment: 1 ETH
Distributed in ICO: 60 %
Soft cap: 500,000 USD
Hard cap: 18,000,000 USD
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