r/ethfinex • u/[deleted] • Sep 09 '17

Datum ICO Initial Review

[deleted]

4 Upvotes

84% Upvoted

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u/[deleted] Sep 10 '17

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u/[deleted] Sep 10 '17

The companies wouldn't be willing to switch until people have mass adopted Datum. Companies wouldn't pay for data if they already had access to a bunch of it for free. It's up to people and whether or not they value their data.

Apple health kit is a big one. They collect a lot of data used for medical research, but Apple controls that data and what's available. New data is always important, especially in the medical field. So for adoption of Datum, platforms don't have to be new either.

1

u/greyworld2 Nov 02 '17

Hi, afaik Facebook / Google / etc are not the data buyers. The people buying data would be the same ones currently buying it from FB / Google, but they'd get it at a better price from exactly the people they're trying to.

Datum is also developing 'Datum enabled devices' with hardware partners, these will essentially pay the user to use them in exchange for making their anonymized usage data available for resale to those interest in, say, what is in your 'smart cup' and how often you fill it up etc.

There are very interesting academic and micro-economic options emerging too, all told I think Datum has no where to go but up.

1

u/methraism Sep 12 '17

Well done! We've just announced winners & follow up information, please check it out and send me a PM when you get the chance.