Topic > The Decentralized Data Marketplace

Index IntroductionThe Data NetworkUser SpecificationsData ConsumersData StorageConclusionIntroductionThe Datum Network aims to serve entities such as researchers, companies or individuals. The most efficient and seamless access to data while respecting the terms and conditions of the data owner. Datum aims to revolutionize the existing data market where data creators are rarely paid for data and monetization occurs by intermediaries who add no value. The Datum network will support initiatives that aim to increase control of data by their sources. The Datum network model could provide a basic income for everyone by allowing them to monetize their anonymized data. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Stakeholders include uses, storage nodes, data consumers, DAT token holders. Every data in the Datum network is tagged with terms of use during encryption. This gives you control over how your data is shared and used by others. The terms of use are controlled by the DAT token smart contract. The Datum client allows users to take control of all their data and optionally share or sell their data across the Datum network. Complete transparency means that users can control the data that is transmitted at any time. Data NetworkDatum solves the following key problems. By focusing on data represented as key/value pairs, Datum ensures that availability, latency, and query/search capacity are preserved and incentivized/rewarded. All data is encrypted and protected using AES256-GCM with 256-bit key size for each 128-bit block, ensuring data integrity. User Specifications The user is looking to address the following criteria: Secure, Tamper-Proof, Unlock Value, Storage, Privacy, and Control.Data ConsumersData Consumers can request data. Ultimately, it is up to individual network users to grant access to data. The credibility of data consumers is an important aspect. Data consumers can choose to disclose the following or nothing: identity, general privacy policy, use of data, duration of data, Datum Network Trust Network Trust Rating. Regarding data requests, consumers can specify additional data-specific elements: data usage and data duration. Initially the Datum network will rely on buyers to validate data and regulate false or invalid data. However, the data validation mechanism may be implemented in the future, and Datum also plans to implement a trust rating system for all users (this includes data owners and data buyers, as well as storage node operators) . DAT is a utility that can be exchanged for certain privileges on the Datum network. Such as participating in the data market and registering as a storage node, etc. Tokens exchanged for these assets will be destroyed, as the supply of DAT is fixed at issuance, the net effect of these assets is that the supply of DAT will decrease over time (deflation) Market participation and activity drives spending (destruction) of tokens for privileged services. Storage nodes are paid fees for storing and transmitting data. Storage nodes require 3 resources: computing power, storage capacity, and bandwidth. Storage nodes are financially incentivized by DAT Token rewards, paid as a fixed percentage of each transaction and shared between storage nodes in.