Datareum-a Decentralized Marketplace for Data

What is Datareum?

Datareum is a decentralized marketplace that will enable individuals to monetize their personal data, selling it directly to market researchers, academic researchers, and other interested parties. Built on the Ethereum public blockchain, Datareum’s platform will facilitate this peer-to-peer transaction of sensitive personal information securely, without the risk of hacking. Using online surveys as a starting point for building the marketplace, Datareum will employ incentive mechanisms that, over the long-term, will ensure the availability of superior quality custom data, providing an indispensable tool for researchers of all kinds.Datareum’s platform provides a marketplace for high quality data. Data Providers continuously earn DTN as the data they have provided is resold. Data Requesters pay for customized data, which can be resold for profit.

Problems

In a data marketplace, quality of data is essential. Data generated by bots, and low quality or fraudulent data generated by people only interested in rewards must be eliminated in order to produce a functioning marketplace. The question of how to provide and guarantee quality data that requesters can rely on and are willing to pay for, has several potential solutions.

SOLUTIONS

Identity verification is steadily going digital,with lawmakers finally embracing the legality of electronic identification and a growing list of countries implementing electronic ID cards.The problem of how to integrate with disparate global registries remains but, is likely to eventually be solved in part with the help of decentralized ecosystem developers. Uport has been running a pilot program in the Swiss city of Zug that enables citizens to have their identity, once verified in person at a government office. One solution commonly implemented in peer-to-peer marketplaces is “two-sided rating.” This is a decentralized regulating system that has been employed with some success in sharing economy applications such as ride sharing (Uber) and property sharing (Airbnb). It works in such environments because the relationship between provider and requester is one to one; the provider can easily rate the requester and vice versa. Such a solution, however, is not practical for the data market proposed by Datareum because the number of ratings required is too high.As such they propose a combination of verification mechanisms along several levels, with data that reaches the highest level having the most potential value in the marketplace.

Token Distribution

DATA PROVIDER’S SIDE:
-Ability to send DTN to cryptocurrency exchanges or a personal ERC-20 wallet.
-Ability to send DTN to the Voucher Marketplace and receive vouchers for goods and services that have been made available by requesters.
DATA REQUESTER’S SIDE:
-Ability to send and receive DTN to or from a cryptocurrency exchange or personal ERC-20 wallet.
-Ability to send DTN to the Data Marketplace smart contract to be used for purchasing data.

Symbol:DTN
Total Token Supply:1 billion
Softcap:$500 000
Pre Sale Hardcap:$2 000 000
ICO Hardcap:$18 000 000
Available Token for Sales:600 000 000
Intial Token Price:$0.03 USD

Pre-sale
Min Contribution:1ETH
1 ETH to 4.9ETH:10% Bonus
5 ETH or more:20% Bonus
Token Available:66 666 666
Max. Bonus Tokens:13 333 333

 

 For more information about Datareum company access the link whitepaper and DATAREUM.