“The world’s most valuable resource is no longer oil, but data”

— The Economist

A Google search for “data is the new oil” shows how entrenched this phrase is among the experts in greatly different fields. Today, digital data production is at the center of all ecosystems. According to the World Economic Forum Foundation, this market is over $3 trillion worth, a growing figure knowing that 90% of these data have been created in the last two years.

But the thing is, this data is still difficult to harvest and even more difficult to verify. This is particularly the case for, so called, outdoor geolocated data, which includes all types of shops, administrative buildings, cultural centres, roads, sanitary facilities, electrical terminals, traffic signs and other real world elements.

Remember, how many times you couldn’t find the shop on the map or the business hours were wrong? Actually, 70% of points of interest worldwide are not present on any map, while 40% of the displayed ones contain inaccurate or not up-to-date information.

What is more, humans have become instruments of data collection without even knowing that and without getting a retribution of any kind.

Responding to the market situation, Dataeum will offer the first collaborative and decentralized platform for data generation. Using crowdsourcing, Dataeum’s solution enables to gather 100% of any field data, anywhere in the world, with 100% accuracy and make it available on a decentralized marketplace.

How does it work?

The crowdsourcing community (collectors) initiate the process of generating real world data; Other collectors verify the data; If the data match, collectors get remuneration in tokens (70% for initial generation of data and 30% for verification); Validated data becomes available on the decentralized marketplace; All players searching for real world data, including maps, private companies, urban development companies and local authorities can rent the data from the marketplace.

The use of blockchain and Smart Contracts technology guarantees the quality of the data and the remuneration of its collectors, as well as protects against the risks of hacking, that have become a common issue today.

Thus, allowing data acquirers to get reliable and accurate data on one hand, and data collectors to be remunerated for its generation on the other hand, Dataeum has all chances to be at the origin of real data revolution.

To learn more about Dataeum follow our official Facebook page or join our Telegram group. Stay tuned for the latest news and updates and feel free to ask any questions!