Introduction
Let's go to continue this blog with other project. First of all, for who missed previous entry, what's a cryptomoney? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launch campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win cryptocoins even if the market is as it is. Through this way you never lose money.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
Today, the project I am going to present you is the Datareum, a decentralized market built on the Ethereum public blockchain that will allow individuals to monetize their personal data, selling them directly to researchers, companies and other interested parties.
Presentation
Definition
As I said before, Datareum (DTN) (https://www.datareum.net/) a decentralized market built on the Ethereum public blocking chain that will allow individuals to monetize their personal data, selling it directly to researchers, companies and other interested parties. With blockchain, the Datareum platform will facilitate the peer-to-peer transaction of sensitive personal information securely, without the risk of hacking, one of the main informatic problems.Moreover, Datareum will ensure the availability of personalized data of superior quality, providing an indispensable tool for researchers by taking advantage of the incentive mechanisms within the platform,.
Goals and advantages
The main objective of the Datareum platform is that in such an open market, data providers will be incentivized to make higher quality data available in greater quantities. This is good for research of all kinds. Meanwhile, data supervisors will have access to higher quality data at lower cost thanks to the elimination of intermediaries. In addition, given that the data in a market of this type are, by definition, given voluntarily, it will be guaranteed that researchers obtain data from ethical sources.
There are benefits for both data providers and applicants. On the one hand, the data is only collected if the provider makes an explicit permission, they have control of it, anonymity, receive an immediate payment and obtain a residual payment. On the other hand, the applicants received relevant data from certain demographic groups, reliably, quickly and conveniently and always ethically tested.
How it works
Basically, the main system's organization is based on three main steps:
- Requester publishes a survey indicating its coinditions which will be main characteristics such as age, gender, location, etc. It is to say that the requester must deposits sufficient DTN tokens to pay for providers to answer.
- Then, a push notification is send to providers who fit the demographic and they should complete the survey and enter it to data marketplace.
- Finally, the data is analyzed according to the smart contract rules and can be accepted and passed to the requester or rejected. If it is accepted, payment is transferred and a little bit comission is paid to the Dataerum network as a reperesentation of main revenue source.
In the image below you can see the main Dataerum working process.
Roadmap
Team
Airdrop
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their whitepaper here (https://www.datareum.net/whitepaper.pdf). You can also stay tuned in their official Telegram group (https://t.me/datareum) where there are more than 25000 subscribers right now. I hope you liked the post and soon I'll send you new ones.
Extra details
Bitcointalk username: adriaparcerisas
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