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Essay / The Decentralized Data Market
Table of ContentsIntroductionThe Data NetworkUser SpecificationsData ConsumersData RetentionConclusionIntroductionThe Datum Network aims to serve entities such as researchers, businesses, 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 is done by intermediaries who add no value. The Datum network will support initiatives to increase control of data by its sources. The Datum network model could provide a basic income to everyone by allowing them to monetize their anonymized data. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayStakeholders include users, storage nodes, data consumers, and DAT token holders.Each piece of data of the Datum network is marked with terms of use during encryption. This way, the user can control how their data should be shared and used by others. The terms of use are controlled by the DAT token's smart contract. The Datum client allows users to take control of all their data and optionally share or sell their data through the Datum network. Full transparency means users can inspect transmitted data at any time. The Data NetworkDatum solves the following key issues. By focusing on data represented as key/value pairs, Datum ensures that availability, latency, and query/searchability are preserved and incentivized/rewarded. All data is encrypted and protected using AES256-GCM with a key size of 256 bits for each 128 bit block, ensuring data integrity. User Specifications User seeks to resolve 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, data use, data lifespan, Datum Network Trust Network Trust Rating. Regarding data requests, consumers can specify other data-specific elements: data usage and data lifespan. 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 ranking system for all users (this includes data owners and data buyers as well as data buyers). 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 traded for these activities will be destroyed, because the supply of DAT is fixed at issuance, the net effect of these activities is that the supply of DAT will decrease over time (deflation) Stake and activity of the market result in the expenditure (destruction) of tokens for privileged services. Storage nodes receive fees for.