Topic: [ANN][ICO] 🌟🌟 Datum - Unlock the Bln $$ Data Economy - ICO 29th October - 🌟🌟 - page 6. (Read 84850 times)

Isn't the idea of monetizing data with Blockchain storage in general the following?
•   Step 1: Provide Blockchain secured Object-Storage including a API. (e.g. by fingerprinting the files a mixture of Blockchain and fast storage for files could be used)
This would come close to a S3-API
•   Step 2: Provide a traceable option to monetize you data without losing the option control the data
This is nothing cheap cloud storage can provide you and I am not aware of any mass adopted solution for this. And here comes Blockchain support into play.

Imagine the following:
•   Upload your full Facebook archive to a Blockchain secured storage
•   Decide which kind of dataset of your archive you would like to monetize
       o   Anonymized  
       o   Only aggregated data
       o   Only certain characteristics or records
       o   Full-Access ($$$ )
•   Marketers are enabled to buy you data using APIs
•   A smart contract will control:
       o   The duration of the access right to you data
       o    Which data is exposed
       o   By expiring of the smart contract, all access rights will be revoked
•   Payments will be done with a corresponding Blockchain token.

Imagine what markets would pay for the full temporary access to you Facebook archive. Why should Facebook only make money by selling you data?
Some people may like to use a Blockchain supported storage solution to control and monetize their data.

On the technical basis its not trivial to create a performant S3 storage with high concurrency of multiple clients reading and writing.

> I think it would be better if you could provide the community with a factual data about your allegations otherwise it could be interpreted that you are just in to make fud on this project.

Let me explain, S3 backup services have been around for a long while and there was a period of years where price and performance competition occurred and many businesses which didn't gain customer volume disappeared and I saw them disappear during that competition time as they competed for lowest price and fastest speed, or added a larger feature set, etc. In particular I have deep knowledge on NAS backup to cloud including virtual NAS on cloud, so I know this area well. Now the S3 backup market is mature with many large players, its trivial to search for S3 backup services and you can easily google and find unlimited PC backup with S3 for fixed price per month. Its really a mature market. Then there are S3 coin projects like storj and siacoin which are very low cost s3 storage.

Also on a technical level, the idea of storing S3 objects and also writing to a blockchain is a bit strange because S3 performance may be limited by the speed in which they can write to the blockchain, depending on how they do it (synchronous or asynchronous write) and I don't really see the benefit of the blockchain for the storage of the data since the other services give SLA guarantees of their storage anyway. Really customers only care about features, price, speed and cost, reliability, on a comparative basis, they don't care about sales hype and they don't want to switch providers because once your storing your S3 data on one store its a pain to go to another.

I think it would be better if you could provide the community with a factual data about your allegations otherwise it could be interpreted that you are just in to make fud on this project.

Look, a partnership between Bluzelle and SWIPE in July 2018
https://blog.bluzelle.com/bluzelle-x-swipe-27368db16ac2

"As part of the network, all data collected will be aggregated, anonymized and encrypted. It will then be channeled into an analytics engine which packages it to be monetized directly to data buyers in a decentralized data marketplace. This process provides transparency to data buyers as they can trace the origins of the data, creates a fairer way for app developers to monetize data and empowers users by giving them full control and ownership of their data. "

Amazing!

Market cap $760,455 USD
24 hour volume 35k
Price ETH 0.00000886
A mobile app that it appears no-one uses, a API that it appears no-one uses
That's the definition of product management failure, time for ICO post mortem?

Is all Datums coin volume fake now? All buys and sells are fairly the same each day now on the exchanges, just the minimum, like Huobi is 14k, if you have no real volume your going to get delisted lol

Datum, your not the first people to make a S3 API to a Data store, there's been many many over the years and many many failed, I've seen many fail, do your research and know why, otherwise your just doing work for no reason.

Think about it, their coin went from position what , 200 or 300 or something to now position 778 in ranking at coinmarketcap, although its crypto winter now they clearly did something wrong otherwise people would have invested money into their project.

I agree. Crypto projects right now should have enough working cash for operations otherwise they will have have a greater risk of shutting down. Likewise, those projects with poor financial planning are in for a big trouble now.

we'll find out which teams were smart and which were hopeful lol, a lot will have cashed quite a bit to pay for staff and development, but most will have kept their funds in Eth so they didnt have to pay tax

If the bear market continues for another couple of months / a year, a lot of projects will have problems to keep liquid funds available. Especially, when they hold most or all of their funds in cryptocurrencies (which decreased a lot in value).  So in this case it will be important for projects to 'survive' this crypto winter until the market goes up again.

they had a very succesful ICO which means they still have plenty of funding for the next couple of years. Hopefully they'll get a big userbase soon otherwise its going to be exactly like in the dotcom bubble, a lot of good companies from those days never saw any success

If datum s3 storage is sub-par on price, performance or added value at all I'll make sure its evaluated very accurately against all competitors. People deserve to know the truth.

Mate, I talked about application on Google play for android users, not about for IOS on Play Store. Link to app on Google Play not working, seems this app was deleted.
Did you try this app on your Iphone? How this works? This is fully working or just a demo version?

Yeah I've seen it in https://etherscan.io as an advertisement. I guess they are gearing up a vibrant marketing campaign that has the potential to increase user adoption. I think they are quite serious about it.

I just tried to download the Datum ID application in the Play Store and it worked. I see not many people have downloaded this application, but I will try to use it

Datum coin price is now under 1 million USD, congratulations, is this where you wanted to be? with a volume of 60k. Now logic dictates that if you don't grow your user base then you can't get the coin price up, so where is it going to go in one week, two weeks, three weeks? You won't be able to grow your user base but do you know the why?

If only Datum had the advice of senior advisors who know what won't work out then they wouldn't need to do the random stuff they do which doesn't work out.
No-one will use it (s3), its a business problem.

A s3 api won't save Datum, again, no-one will use it