Review of Dataeum: Putting Humans at the Center of the Data Ecosystem

[frauswif]

Dataeum: Putting Humans at the Center of the Data Ecosystem

Dataeum is a blockchain-based platform that uses crowdsourcing to enable the accurate collection of physical data anywhere in the world. It does this using a mobile app and a distributed workforce of “collectors” who are incentivized in XDT tokens to submit physical data (stores, ATMs, gas stations, traffic signs, landmarks, etc.). Once validated through a decentralized process, the data is accessible to data consumers on the Dataeum marketplace.

Data is the New Oil

The global data market is estimated to be worth over 3 Trillion Dollars USD and 90% of this data has been produced over the last two years. However, upwards of 80% of online listings currently display inaccurate or missing data, and only 0.5% of all the data available has ever been analyzed and used. Who creates this data? Without realizing it, humans have become instruments of data collection through their online actions, behaviors and movements, creating value for others.

Dataeum aims to disrupt the existing paradigm and overcome the limits of current data generation methods (database matching, content analysis, tracking devices, etc.) using a blockchain-based platform to enable the collection of global physical data with 100% accuracy. In the process, Dataeum will put humans at the center of the data ecosystem. Data users can obtain reliable and accurate data in real time and data collectors are rewarded for the data they generate. Dataeum’s whitepaper claims that the by using a mobile app, the solution has already proven its efficiency and profitability during three collection campaigns completed in Paris, Barcelona and London where 300 000 physical data were successfully collected.

Use Cases

Dateum’s whitepaper offers several convincing examples of use cases for its product.

Market Research: Urban planners may want to access locations of trees, benches, street, road signs, etc. for future city planning purposes. The Dataeum platform can provide this highly accurate information.

People: Thanks to power of crowdsourcing, Dataeum will bring the value of data to the people.

Maps and Geolocation Services: Companies like Google Maps, Bing, Tomtom, Baidu, OpenStreetMap, and Here map will be provided an API where they can plug in and get real-time updates on global physical data. This will increase the quality of service delivered to their users.

Emergency Response: Any type of risk (car accident, chemical leak, natural disaster, crime in progress, etc.) can be updated by the community anywhere in the world. This will alert the community to potential dangers and facilitate rapid intervention by the appropriate authorities.

Targeted Advertising: Businesses need to address very specific audiences and access to accurate data. For example, if a company is selling cash registers, it might want all the phone numbers of small businesses that opened in a given city in the past 6 months. This information will be accessible in the Dataeum marketplace.

Online Visibility: To increase online presence, local stores need to be accurately listed. The community will provide this information to mapping services so that these stores can better compete with large companies.

Conclusion

There are two central benefits of Dataeum. First, humans are rewarded for the data they generate. This changes the existing paradigm of data generation currently exploited by large corporations at the expense of individuals. Second, the crowdsourcing model will address the inaccuracies of digital data, making it more useful for data consumers. Human users will be the main resource (as opposed to centralized social media platforms, like Facebook) as they will be paid to collect, verify and update millions of physical data around the globe. Thereafter, each validated data point will be available on a decentralized marketplace that will allow any token holder to retrieve data for consultation, rental, or acquisition. If the project is able to deliver on its app, Dataeum has a lot of potential.

ICO Details

Tokens created: 1,000,000,000 XDT
Tokens issued: 500,000,000 XDT
Hard cap: 35,000 ETH
Accepted currencies: ETH/BTC/FIAT
Pre-sale: August 20, 2018
Public sale: September 24 to October 21, 2018

More Information

Website: https://dataeum.io/
Explainer Video:

Read this article on Linkedin: https://www.linkedin.com/pulse/dataeum-putting-humans-center-data-ecosystem-mina-down/

[luvr1000]

the project has very good partners, the project inspires confidence, this idea has few competitors, and you have all the chances to take a leading position

[alexhelton]

There are so many scams now. it's impossible to know who you can trust...

[andruke]

Yeah, but you can protect yourself by using safe tokensales

[alexhelton]

Today, no one can be completely trusted