NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Its Data Exchange, Datum Drastically Change Business Model Data

newsbtc
newsbtc
4 years ago
3 mins read
datum ico

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

If you’re like most internet users, you like services that are offered for free. Companies like Google, Facebook, Twitter, and others provide their customers with a variety of service at no cost, and users have embraced it. Over one-fifth of the earth’s population can be counted among the customers of these services. No wonder the companies are massively large.

However, if the companies are giving all the services away for free, how can they be making such huge profits? The answer, of course, is that they are selling their users to advertisers. As one famous internet analyst commented,

“If you are not paying for the product, you are the product.”

In fact, advertisers pay unreal sums of money to access the data that users upload every day. Pictures, likes, and tweets have all become big business for advertisers seeking user information. Google is expected to clear $73 billion in ad revenue this year alone, and Facebook should come a distant second at $36 billion.

Data is valuable, and that data is yours. But when you step into the free service, you give up your rights to your own data. Privacy is removed, and money is made.

Attempts at Privacy

There are companies that have tried to implement privacy restrictions on data. Many have sought to create new networks that do not monetize user content, and instead protect privacy. Companies like Couple, the app for couples, Yammer for office chats, or FamilyWall for in-family communication, have all tried to create private social networks, but have failed to achieve mainstream adoption.

However, one company — Datum is seeking to increase privacy while at the same time, allowing users to stay on their mainstream feeds. Users can store the data from their social media, wearable devices, and IoT gadgets on the site, and the data is protected by encryption on blockchain technology.

The program allows users to make choices about what they want to do with their data, and whom they want to allow access to it, all within the confines of a simple user-friendly app. And the use of blockchain technology protects the data from companies who would like access to it for advertising purposes.

Taking Back Your Data

More than simply privacy, however, users have the right to release their data to advertisers within the network, and are compensated for doing so with DATG tokens (think digital currency). Those tokens can then be used within the Datum network, or be exchanged for real currency on an outside exchange.

In this way, the value of data can be democratized for the creators of the data themselves, who happen to be the rightful owners. If users choose to keep their data private, it remains so and if they choose to sell their data to in-network advertisers, they can do that as well. The choice is given back to the user.

Additionally, companies can use the service to deploy IoT devices and collect and utilize the data in a completely secure environment. Rather than facing the risk of exposure or hacking through these devices, all data is collected and kept for analysis within the network itself, and all on a secure blockchain.

The company is set to start its Initial Token Offering (think digital crowdfunding) from September 12 through October 12, 2017, and will offer the DATG tokens for sale. Buyers of the token stand to profit from the network itself as well as from individual data.

The data industry is due for a stiff shake-up

Companies like Datum aim to revolutionize the business model of data, so that not only the big businesses like Google, Facebook and Twitter gain from user content. Rather, by providing a direct means for users and businesses to sell and acquire data, users and businesses alike can ‘cut out the middle man’ and profit from data personally. Not only is data private, but it’s valuable, and Datum creates a platform that provides both for users.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin resiste alla forte pressione di vendita su Binance Derivatives – breakout in arrivo?

Bitcoin (BTC) è rimasto bloccato in un range tra 100.000$ e 110.000$ dal 7 maggio, con alcune brevi discese fino...

clararosati 7 hours ago
Ethereum Price Action Signals Momentum Shift: BTC Sleeps And ETH Moves

Ethereum Price Action Signals Momentum Shift: BTC Sleeps And ETH Moves

Ethereum has finally pushed above the critical $2,600 level after weeks of range-bound trading, marking a potential turning point in...

Sebastian Villafuerte 7 hours ago

SPX6900 pārspēj 100 gadu S&P 500 pieaugumu tikai 2 gados – TOKEN6900 pārspēj abus, jo ICO sasniedz $260 000 9 dienās.

S&P 500 indeksam bija nepieciešams gandrīz vesels gadsimts, lai sasniegtu kopējo atdevi virs 1 700 000% – un tas tikai...

lasma 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin

Is Dogecoin Prepping For Takeoff? Fib Reaction And Trend Support Say Yes

Godspower Owie 4 hours ago
Bitcoin Hyper $HYPER presale meme coin

Bitcoin Hyper je dosegel mejnik 2 milijona dolarjev

tanjapotocnik 5 hours ago
bitunix platforma s tradingview

Bitunix zavádí nástroje TradingView do své mobilní aplikace, co vše nabídne?

Lenka Hanzlíková 6 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    6 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    6 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    6 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    6 hours ago
  • MEXC Launchpad Debuts PUMP Token with Exclusive 40%...

    6 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.