Transcription of White Paper V15 - Datum
1 White Paper V15 Roger Haenni / 24th June, 2017 - Updated: 29th October, 2017 White Paper V14 IMPORTANT DISCLAIMER Therearerisksanduncertaintiesassociatedw ithDatumand/ortheDistributor andtheirrespectivebusinessesandoperation s,theDATtokens,theDATI nitial TokenSaleandtheDatumApp(eachasreferredto inthisWhitepaper).Youcan findadescriptionoftheriskrelatedtotheTok enSaleunderthesectionLegal, which should be read carefully. ThisWhitepaper,anypartthereofandanycopyt hereofmustnotbetakenor transmittedtoanycountrywheredistribution ordisseminationofTokenSaleor InitialCoinOfferingliketheonedescribedin thisWhitepaperisprohibitedor restricted.
2 Tokensareutilitytokenandcannothaveaperfo rmanceoraparticularvalue prospectus or offer document for investment in securities. ThisWhitepaperdoesnotconstituteorformpar tofanyopiniononanyadviceto sell,oranysolicitationofanyofferbyDatumN etworkGmbHtopurchaseanyDAT tokens or give any help in any investment decision. Youarenoteligibleandyouarenottopurchasea nyDATtokensintheDatum TokenSale(asreferredtointhisWhitepaper)i fyouareacitizen,resident(taxor otherwise)orgreencardholderoftheUnitedSt atesofAmericaoraresidentof the People s Republic of China or South Korea.
3 1 White Paper V14 Datum noun 1. singular of data 2. a piece of information 2 White Paper V14 IMPORTANT DISCLAIMER1 Executive Summary5 Background7 Stakeholders8 Privacy8 Datum Client9 Open Data10 Data Consumers11 Use Cases14 Smart Contract17 Datum Artifact Structure18 Data Retention19 Project Roadmap20 DAT - The Datum Network Token23 DAT Token Crowdsale23 DAT Allocation Overview24 Datum Budget25 Datum Foundation Governance26 User Growth26 Conclusion27 Team28 Advisory Board30 Acknowledgements31 Contact31 The Datum Token, Legal and Crowdsale32 3 White Paper V14 General information32 Knowledge required32 Risks33 Important disclaimer33 Representation and warranties35 Governing law and arbitration36 4 White Paper V14 Executive Summary Abstract:TheDatumnetworkallowsanyonetost orestructureddatasecurelyin enablesoptionalsellingandbuyingofstoredd atawhileenforcingdatausage rules as set by the data owner.
4 ,and90%oftheworld sdatatoday worldeconomyandcontributestoasubstantial shiftineconomicpowerand source of economic value. Alotofthisdataiscreatedbyindividualsoror ganizations;browsingtheinternet, interactingonsocialnetworks,uploadingper sonalfiles,syncingdevicesand hugedatasiloswhereitissusceptibletoselli ng,tampering,extractionandother signinguptovariousservicessuchasFacebook ,Google,Instagram,Snap,Twitter etc.,thatoffer free servicesinexchangeforexploitationofdata, s Gmail service reading emails and showing targeted ads as a result.
5 Datumproposesanetworkrunonasecuresmartco ntractblockchainthatallows allofitsuserstoretakecontroloftheirdata, notjustthepersonalandhabitual data they produce every day, but also data from the (IoT) devices that they control. 1 Datum encompasses the following key elements: Afastdecentralizeddatastoreallowingusers tostorestructureddatasecurely running on a smart contract blockchain The DAT token enabling this data storage and sharing The data marketplace, enabling individuals to monetize their data on their terms DatumleveragesBigchainDBandIPFS toprovideaninfinitelyscalable, decentralized data storage backend.
6 Data storage and data sharing is paid for by the DAT token. 1 5 White Paper V14 TheDatumnetworkwillconsistoutof3 BillionDATtokens, tokens available in a public token crowdsale. TheDatumnetworkaimstoprovideentitiessuch asresearchers,companiesor individualsthemostefficientandfrictionle ssaccesstodatawhilerespectingthe dataowner , Datumaimstorevolutionizetheexistingdatam arketwheredatacreatorsare rarelypaidforthedataandthemonetizationha ppensbymiddlemenwhodonot add any value. TheDatumnetworkwillsupportinitiativestha taimtoincreasecontrolofdataby theirsources( ).
7 Weaimtoworktowardsafuturewheredatais firstandforemostownedbytheircreator( )and wherethecreatorcanchoosetoshare,monetize ordestroythisdatabasedon their own purview. Thisisinstarkcontrastwithcurrentdatasilo swhichcollectvastamountsof humanitiesdataunderrestrictivelicensingt erms, regionsisbeingworkedontowardsgivingbackm orecontrolofuserdatatothe usersthemselvesandfeeltheDatumnetworkisa nimportantfacilitatorand technical solution for such a future. TheDatumnetworkaimstodisruptcurrentdatab rokermodelbygivingmore tousetheDatumnetworkfordatastoragenotonl ybyprivacybutalsoby powerfulthemomentumbecomes,eventuallyuse rsareabletoinsistthatdatais stored and handled through the Datum network.
8 Datumcanbethoughtofasadecentralizedversi onofApple sHealthKit,butfor openingofdatabyparticipatingapps,however itisstoredwithacentralizedentity, AppleInc.,andisonlyavailablewithinApple 2 6 White Paper V14 samerapidadoptioneffectwiththeDatumnetwo rkonceitgainscritical data, and allow user control of the said data types. Background Weliveinaknowledgeeconomywheredataisastr ategicassetthatallows moreitisenriched,analyzedandleveragedfor specializeduses,themoreitsvalue increases.
9 Despitethelarge-scalemonetizationofperso nalandbusinessdata,theonlyplayer inthechainthatiscurrentlynotgettingpaidi sparadoxicallytheindividual him/her/itself - who happens to be the source of harvested data. ,Googleandco. of your data and determine if and when you want to sell it or share it. There is a quote which most certainly define the world we all live in today: If you are not paying for the product, you are the product. - Andrew Lewis, 2010. TheDatumnetworkmodelcouldprovideabasicin comeforeveryonebyallowing them to monetize their anonymized data.
10 AsuserofFacebook,Google,LinkedIn,Twitter ,Yahooandsimilarservices-every yearyoucreateanexcessofUS$2,000,createdd irectlyfromyourpersonaldata , representedbydataineachofthese datasilos ,whenyouconnectthisdata,the richer and wider the information, the more money it is worth. Whatifyoucouldmonetizethisdatayourself,d ecidingyourselfhowmuchyouare willing to share in return for rewards and new opportunities. 7 White Paper V14 Thereisalreadyaworldwidedatamarketenable dbyvariousdatabrokersthat collectalltypesofpersonaldatafromvarious databases,Datumisthesecureand decentralized alternative.