DATUM AND DATUM TOKEN

I talked about datum as well as the reason why we all need this platform in our lives. So today i will be laying more emphasis on the Datum Ecosystem as well as its Token Details.

Datum is a decentralised blockchain based platform that will give back users control and privacy over their data and will allow them to be able to trade this data for the Datum tokens in the Datum Marketplace. With this platform, it eliminates the possibility of data brokers to siphon users data without their knowledge and he or she will be able to have a share out of the funds generated from the sale of his or her Data.

The Datum Token

This is the native cryptocurrency of the Datum platform and it will be used for all the transactions that takes place on it be it buying and selling of data or for the storage of data. The datum token is an ERC20 token that is based on the ethereum blockchain and it has the following details.

Name: Datum Token
Ticker: DAT
Type: ERC20
Blockchain: Ethereum
Total Supply: 2 653 841 598 DAT
Tokens available for sale: 905 410 542 DAT

Datums Ecosystem

The datum ecosystem is being made up of its participants as well as its structure and they all promote the life and integrity of the platform. They include

Users - these are the main participant of the platform and they are the ones who generate the data and this data could either be personal or business data which are collated from any internet enable device or the Web

Storage Nodes - This is where all the users data are being stored on the decentralized blockchain network and it has a very large and unlimited capacity to handle a lot of users data

Data Consumers - these are usually large companies or corporations that wishes to utilize a user data and will be able to purchase such data from users in exchange for a fee.

Datum Token Holders - they are those who control the Datum network and with the use of the Datum token, they can do a lot of transactions on the platform.

Datum Network - this is the medium in which the users can interact with the data consumers for the transactions to take place.

Datum Marketplace - this is a virtual arena where the buyers and sellers of data can all meet and transact very safely with no fear of being defrauded.

Conclusion

Thus, with the Datum platform the main participant of its ecosystem, that is the user also benefits from the sale of his or her data to large corporation directly without the use of data brokers. It will also provide a way for the safe keeping of a users data in its decentralized blockchain. So this is the best way for a user to manage his data.

So for more information, please visit
Website: https://datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Blog: https://blog.datum.org/
Twitter: https://twitter.com/datumnetwork
Telegram: https://t.me/datumnetwork

BountyOx PROFIL @donatelo