Overview

Datareum is a decentralized marketplace that will enable individuals to monetize their personal data, selling it directly to researchers and companies.

Project stage

Only a whitepaper

Detailed description

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.

Key components of the platform:

  • Requesters are those who request and / or purchase data. Requesters may commission a survey directly or they may purchase survey results that have been resold on the data marketplace.
  • Providers are those who provide data for free or for sale. Providers are generally individuals but they may also previously be requesters who are providing data through its resale.
  • Data Marketplace is an architecture of smart contracts that confirms or denies the legitimacy of data entered and determines whether it is delivered or rejected. If delivered, payment is exchanged between parties.
  • My DataVault is the secure location where data providers can enter basic information about themselves. Such information can be monetized according to their preferences.
  • DTN is the abbreviation or “ticker” for the native token of the Datareum platform. All transactions on the platform will be conducted using DTN.

Problem

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 is how to provide and guarantee quality data that requesters can rely on and are willing to pay for.

Solution

As the decentralized ecosystem develops, more and more reliable and secure systems of validation of user’s identity will become readily available. Datareum intends to watch the space closely, integrating with these services as they are themselves integrated into legal frameworks and adopted by mainstream users. Such services aim to merge with national data registries, forming a legal, provable ID that can be used to verify information such as age, gender, location of residence, and income (based on taxes paid). All of this information can be verified as true or not without giving away private data (remaining anonymous) and allowing data providers to choose exactly what to make available.

Other platforms such as Indorse are building systems to verify credentials like skills and accreditation. Such information can also potentially be integrated in Datareum, again with higher value for data that has higher levels of verification. Another example is the Attores certificate issuance platform wherein an institution such as a university can issue their diplomas directly on the blockchain in the form of a smart contract. By integrating with these and other emerging systems, Datareum aims to build a marketplace with higher value data.

Datareum therefore proposes in the interim that uploaded data be verified manually by Datareum, with data that has been verified at higher levels having higher value. For example: 

Level 1: Facebook/Google only. 

Level 2: Government identification uploaded and checked manually by Datareum. 

Level 3: Proof of address uploaded and checked manually by Datareum. 

Level 4: Proof of income uploaded and checked manually by Datareum.

Features

Benefits for Data Providers:

  • Consent
    • Data is only collected with provider’s explicit permission.
    • Provider chooses whether or not to make data available for resale.
  • Control
    • Providers choose exactly what data to make available for purchase or offer for free.
  • Anonymity 
    • Only demographic details that have been stripped of personal information are passed on to requesters. 
  • Immediate Payment
    • Once the smart contract has executed, providers have immediate access to their DTN. This may be exchanged on open cryptocurrency markets or sold back to requesters in exchange for goods and services vouchers. 
  • Residual Payment 
    • A provider who has made their data available for resale is entitled to residual payment as described in section 10.1 (Reselling Survey Data)

Benefits for Requesters:

  • Relevant data from specified demographics only.
  • Trustworthy data taken by real human, not a bot.
  • Speed and convenience.
  • Ethically sourced data. 
  • Maintain control of their funds without transferring to a central agent.
  • Specify exact research budget.
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : DTN
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 18,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :500,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 DTN
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :Yes
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :600,000,000 DTN
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Founders & Team Members: Lock up 1 Year
          • Future Funding: Lock up 2 Year
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public Sale — Ended
      02 Jun 00:00 UTC
      06 Aug 23:59 UTC
      0.03 USD 20% Min 0.1 ETH Uncapped 18,000,000 USD
      Pre-Sale — Ended
      28 Apr 00:00 UTC
      07 May 23:59 UTC
      0.03 USD 10% - 20% Min 1 ETH Uncapped 2,000,000 USD
      Public Sale

      10 ETH Contribution = 20 % Bonus

      Pre-Sale

      1 ETH to 4.9 ETH: 10% Bonus

      5 ETH or more: 20% Bonus 

      Max. Bonus Tokens = 13 333 333

      Read more about vesting and bonus
      • Team

        • Jorge Perez photo
          Jorge Perez
          CEO
        • Maximiliano Garcia photo
          Maximiliano Garcia
          CTO
        • Anna Mikhailova photo
          Anna Mikhailova
          Head of Finance
        • Jonathon Ainsworth photo
          Jonathon Ainsworth
          Head of Operation
        • Justin Hale photo
          Justin Hale
          Head of Marketing
        • Aaron Kobeissi photo
          Aaron Kobeissi
          Front End Engineer
        • Alejandro Garcia photo
          Alejandro Garcia
          Backend Engineer
        • Raphael Mateo photo
          Raphael Mateo
          Lead Designer
        • Sofia Rocci photo
          Sofia Rocci
          Community Manager
      • Advisors

        • Sebastian Weil
          Private Investor & Advisor
        • David Meszaros
          Legal Advisor
        • Adis Begic
          Security Advisor
        • Oleksandr Radchuk
          Blockchain Advisor

      Roadmap

      • Nov 17

        Research & concept development

      • Mar 18

        Launch of DTN website, community, airdrop and bounty program

      • Apr 18

        DTN Pre-Sale

      • May 18

        Proof of Concept

      • Jun 18

        DTN Public Sale

      • Sep 18

        Tokens to be unlocked after Public Sale

      • Oct 18

        Tokens to be listed in exchanges

      • Nov 18

        Alpha Platform on Testnet

      • Dec 2018
        • Completion of Smart contract payment and data exchange services
        • Wallet system
        • Launch of Provider & Requester web portals
        • Launch of IOS and Android app for both Providers & Requesters
      • Q1 2019
        • Continue strategic acquisitions and investments to support the adoption and growth of Bitcoin, Blockchain and FinTech globally.
        • Launch of Data Marketplace
      • Q2 2019
        • E-commerce platform to list products from requesters, payable in DTN
        • Launch Marketing campaigns across Europe and United States
      • Q3 2019

        Launch Marketing campaigns in Asia

      Activity