Dataeum ICO (XDT Token): Crowdsourcing Data Collection Platform?
The data market is currently worth over $3 trillion. Human beings have inadvertently become tools of data collection through their actions, movements and behaviors. Dataeum aims to put human beings at the center of their proposed data ecosystem. By leveraging blockchain technology as well as crowdsourcing, Dataeum enables the collections of holistic data with irrefutable accuracy.
Dataeum intends to disrupt the existing paradigm where corporate giants exploit data generation at the expense of its originators. Fundamentally, Dataeum aims to transform data collection by breaking barriers, decentralizing access to the information and giving back control to the rightful owners.
The Dataeum Solution
The Dataeum ecosystem will use blockchain technology, crowdsourcing and smart contracts to facilitate the accurate and dependable collection of physical data.
The platform is centered on humans; hence, crowdsourcing is the best way to counter the limitations of the existing data collection methods. This will enable the accurate and wholesome collection of data across the globe.
The human data collectors will receive payments for any activity on the Dataeum platform, be it collection, correction or verification of physical data. The reimbursements are made through a mobile app using deep learning and augmented reality. Smart contracts and Blockchain technology will ensure that the entire proceeds remains transparent.
After validation, data will be published on the decentralized marketplace where token holders can access it.
How Dataeum Works
Dataeum will implement cutting-edge technologies to create an ample environment for data generation. Using deep learning analytics coupled up with augmented realty, the platform will significantly speed up the process of data collection.
The solution will utilize the capabilities of artificial intelligence to enable automatic and instantaneous recognition of visual data. Eventually, the collectors will only have to verify the data, since the input collection is automated.
The Dataeum platform relies blockchain technology to ensure flexibility, effectiveness and safety of data from the collection stage until it is published on the marketplace.
The BigchainDB acts as the storage location for the collected data. Its inalterability guarantees an indisputable process of data validation and update. Upon verification, Ethereum-based smart contracts initiate the process of remunerating the data collectors.
Thanks to real-time processing of transactions, the Dataeum platform is highly scalable. Furthermore, the remuneration process is transparent, and token holders can interact seamlessly within the marketplace.
Dataeum Token Sale
To fund its objectives, Dataeum will conduct an ICO where it will issue proprietary Dataeum Tokens (XDT). The total supply of XDT tokens is 1,000,000,000. Out of these, 500,000,000 will be available for sale during the ICO. The remainder will be shared between the team investors and the reserves.
The crowdsale is scheduled to commence on 28th May, 2018. The Hard cap is set at 50,000 ETH, with the price of the token being 1 ETH for 8,000 XDT.
Distribution Of Funds
Majority of the proceeds from the ICO will go towards the technical advancement of the Dataeum platform, data collection and enhancement of the market place. Marketing will also take up a substantial portion as Dataeum aims to become a global force in the data collection sector.