Today, we live in what many call the Information Age, where digital data production is at the heart of all ecosystems. Businesses of all sizes — large and small — are using some form of data to drive growth. By 2020, our accumulated digital universe of data will grow from 4.4 trillion today to around 44 trillion gigabytes. However, one of the downsides of this huge production is poor data quality causing yearly losses estimated to $3.1 trillion in the US alone.
Used by billions of individuals, data allows users to locate and move between different Points Of Interest . However, most of the data is not captured since less than 0.5% of the world’s data is analyzed or exploited. On maps, only 8% of the pin-points are accurate as in the world and 80% of online listings display inconsistent, inaccurate or missing physical data. That is because data is still crude, unrefined and hard to find.
As individuals living in this Age, we have become instruments of data collection through our actions, behaviors and movements. It has been of tremendous value to many companies, but oddly enough, they are getting all this data without our consent.
So, doesn't it seem a little unfair that there is no reward for those of us who generate these data? That is why we are introducing you to Dataeum.
Dataeum is a blockchain-based platform which uses crowdsourcing to enable the collection of 100% of all global physical data (such as stores, gas stations, traffic signs) anywhere in the world, with 100% accuracy. It does this through a mobile app and by using a distributed workforce of “collectors” who are incentivized in XDT tokens to submit physical data. Once validated, thanks to a decentralized process, the data is accessible on a Marketplace. The solution’s efficiency has already been proven during three collection campaigns completed in Paris, Barcelona and London. Dataeum will become the most used data blockchain in the real world thanks to its community that will collect millions of physical data around the globe.
Rated on May 31, 2018
My review for this ICO:
Team: Good to see that team members and advisors have relevant experiences with blockchain technology and health industry.
Team composition is diversified with expertise for assigned roles. That's great! However, if they can bring in a high profile expert with successful ICO projects can be an added value.
Product: This is not a unique project utilizing data as some other ICO projects have touched on this. But, I like the approach that takes humans as a center. However, the idea is always not something that can be turned into a workable and scalable product. Many good ICO projects in the past failed to make its product accepted. I hope this product can make a difference.
Vision: The one pager and whitepager is good. However, one thing of my concern is its price strategy. 1EHT for 12,000 XDT is something too high especially in this volatile market. Many ICO projects set the same pricing scheme and its price reduced to over 10x of its ICO price. This created fear for investors when investing in ICO projects. If you set a high hard cap, then this should be considered to reach it.
My rating has just been adjusted to the Product and Team after several discussions with the dev team member and most of my concerns have been addressed. So responsive!
Rated on Jun 10, 2018
Modified on Jun 10, 2018
The team is quite good. I lack clear competitive analysis in the whitepaper as the idea seems not to be unique. The token economics and main numbers of the Token Sale could also be more attractive and better performed. Most likely the team lacks ICO expertise
Rated on Jul 13, 2018
Modified on Oct 4, 2018
Interesting in what they wanna achieve. Big goals but implementation might be abit tough. Requires alot of public adoption.
Dataeum is a blockchain-based platform which uses crowdsourcing to enable the collection of 100% of all global physical data (such as stores, gas stations, traffic signs) anywhere in the world, with 100% accuracy.
Rated on Aug 21, 2018
Modified on Aug 27, 2018
More advisors than a team!! This is solid technical project which must need super strong Blockchain dev team!!
Solid whitepaper with sufficient business and technical details.
Website and MVP links throws errors on Chrome browsers which were not expected from such technical project concept!
Failed to execute 'postMessage' on 'DOMWindow': The target origin provided ('https://www.youtube.com') does not match the recipient window's origin ('https://dataeum.io').
h.B @ www-widgetapi.js:99
[Update] Thanks Charly Pham for providing all info and fixing links. Updated ratings.
Rated on Jul 30, 2018
In this project good team and strong advisors. The project has every chance to become successful. But I will tell fairly, something is missing to tell WOW. But, I will repeat, at this project every chance of success, looking from outside.
Rated on Aug 17, 2018
Modified on Aug 31, 2018
An experienced team.
Ideas are not new in fierce markets, but the team has the credibility to feel the feeling of doing this.
I could not find available MVP.
* Since MVP was released and the level of the project improved, I fixed the evaluation.
Rated on Aug 6, 2018
Team appears to be very strong. The project vision is interesting and has plenty of potential. Project has working product which is necessity now a days. The project has good following as well.
Rated on Jul 15, 2018
Team - decent experience and education in the core team, some big name advisors on board.
Vision - WP well thought out and explained. There is some overlap with other blockchain projects however. Token use works and the concept is a good use of trustless p2p solution.
Product - couldn't find the mobile app, so appears there is no MVP available. However, the concept appears to use tech that does exist and adds a DLT foundation for data verification. 4 at the moment but potentially 5 once the app becomes available.
Overall, a good concept. Good luck to the team in the delivery.
Rated on Sep 6, 2018
This concept is very interesting though and very effective. A good team and Advisor board with a quite innovative product and a great vision. KYC Approved, which is really good.
Whitepaper quality is good. I love this.
Best of luck team and this project.
Rated on Sep 25, 2018
Strong team, The founder has a great background, and the team of advisors are very strong. I like the fact that they have a low hard cap.
Very ambitious project, and will take a lot of dedication to make this happen.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Rated on Jun 14, 2018
Bright idea in an interesting space. Great that it has a working product and user base, strong team and advisors. I'd like to see further work to innovate the model past a "pay the contributors" and "sell on a market place". Cryptocurrencies offer us the opportunity to get our money to have functionality so this could be further iterated to a truly game-changing level. Good luck guys!
Rated on Aug 3, 2018
Modified on Aug 13, 2018
Dataeum’s team appears to be strong. The project is interesting and has plenty of potential. Given the right marketing practices, this project can be highly successful.
Rated on Jul 15, 2018
Projects that rely on crowdsourcing will always be interesting projects. When ever I hear about crowdsourcing projects I think of an ant colony in which every ant contributes a little for the colony. The main challenge rely on the fact that you need many, many data providers who will have really good incentives to provide their data. The user experience must be good as well. So to sum up, I think there is some potential on this even if the technical details in the white paper were not very conclusive.
Rated on Jul 18, 2018
Huge undertaking, but you have a rockstar team. The vision is huge, but not unique. And there's some ways it could be improved and fine-tuned over time. The product is going well, I like that there's effort being put into the MVP, but it's still got a ways to go to achieve a vision of this scale.
The rest seems all right and well thought out. The cap seems achievable.
Good luck to you all!
Rated on Jul 21, 2018
Modified on Aug 2, 2018
Team looks rock solid. However, I am not so sure in your positioning yourself differently from the other projects who are trying to do the same. WP failed to answer most of my questions, including main one: how are you going to realistically achieve huge adoption rate needed for this whole thing to even work?
UPD: CEO contacted me via LinkedIn, answered some of my questions. Provided the link to their MVP, promised MVP 2.0 very soon. Product rating updated.
Rated on Sep 24, 2018
Very interesting project. I really like the vision and the team behind it. Clearly the type of solution that this project is approaching makes it for blockchain technology a perfect use case. I don't clearly understand HOW will this data be utilized and monetized as the business model behind the concept is a bit confusing.
Rated on Sep 12, 2018
Although claims have been made that team has done work on similar project in the past, after following the link of that company called DenDen at following url https://www.forbiddencity.io, browser gives the warning about insecure connection, then if one continues, redirection is made to https://dataeum.io/
If address is enterd without "s" http://www.forbiddencity.io, standard message "Welcome to nginx on Fedora!" is displayed.
There is no traces of previous company. Subsequently entering forbiddencity.io, leads to App Store where one can download a game which is a data collection tool. I understand that this is referred as MVP.
MVP should also include mechanism to share the data and reward users with tokens for their work.
The game in itself can't cover problem of data collection, due to limited applicability and usage. Only certain sector of public (young people) could be involved.
Some of the team member's accounts on linkedin are relatively new with little activity and majority of them have very few endorsements and/or skills upvoted.
According to white paper.
"Dataeum is going to change the existing paradigm so that data generation is no longer exploited by large corporations at the expense of the individuals who create it."
Nobody will stop existing monopolies and corporation from doing it. Nothing stops Google or Facebook to reward their users with tokens to help improve accuracy of their data and still keep it centralized. Virtually already every user is being tracked through smart phones in respect to their daily activity and location.
"Over the past 2 years, our mobile app has been up and running. We have collected all the data on Point of Interests in cities such as London, Paris, and Barcelona. We have already licensed our database to several companies, and the model has proven its scalability and profitability."
It would be helpful to say which companies have licensed the data, and also where are the proofs of company activity to aquire thousands of users to conduct those data collection tests.
Today all work is being done online and if such project took place, it should be still available online. Otherwise these are just words. I feel not convinced.
Scalability is an issue if data is not accessible in one central point. Sorting and filtering will not be possible, thus it would force some data aggregators to collect data from different sources and centralized it.
The project lacks blockchain technical experts and devs.
"The blockchain and Smart Contracts technology will guarantee the remuneration granted to the DOE holders based on the revenue that the data generates"
I think that using bigChainDB is a good choice for storing user data. On the other hand from bigChainDB documentation.
"BigchainDB isn’t intended for running smart contracts. That said, it can do many of the things that smart contracts are used to do. For example, the owners of an asset can impose conditions that must be fulfilled by anyone wishing to transfer the asset to new owners"
Project aims to use smart contracts to reward users and to rate them and run other important statistics. Since bigChainDb doesn't offer smart contracts, project will be still faced with slow transactions on e.g. Ethereum, gas costs and scalability. To compute rewards for each user for each data point, it would take large amounts of gas and time every time someone would like to acquire license to use it.
I noticed some good marketing efforts and good presence on Medium, Telegram and bitcoinTalk, suggesting that there is some serious preparation done.
The white paper is also nicely done and well presented. Use cases are very clear and offer good product operation.
To sum it up. If not impossible than at least it will be very challenging to change the current status quo of data monopolies. All current big players can do exactly or some points what this project outlines and they have already access to millions of user who are providing data for free just so their name can show next to it.
I wish you good luck.
Rated on Nov 2, 2018
I took a look to their team tab and saw that they have 9 members and 11 advisors. I greatly encourage you to get more team members on board for the success of this project!
Rated on Sep 25, 2018
I like the vision and the fact testing has occurred in some major european cities. The team is experienced and have proven successes. It will be the case of high adoption and price control so users can enjoy the incentives. There is no competitor analysis but the white paper is quality.
Rated on Sep 27, 2018
The idea is great and visionary. It would be great if Dataeum collects all physical data of the world. Thats a huge goal. The team looks solid, but it seems they have more advisors than team members. But the advisors are well known. The chance is good that they will succed. For this kind of project its a great idea to use a blockchain. For data collecting its mostly a good idea to use a blockchain. Good luck!
Rated on Jun 15, 2018
Modified on Jun 15, 2018
**Updated after speaking with CEO.
- Execs have been together running other companies. (Good)
- Previous relevant experience in the space
- Tough to get your head around the sheer magnitude of the project, but that really is the power of crowdsourcing.. Getting the incentive and verification models right is the key, then make it viral.
- Harcap is 35k ETH pegged @ $500 == $17.5M. That is a good range for funding..
Notice: I do not provide investment advice. Please see my profile for important disclosures.
Rated on Jul 30, 2018
Dataeum team appears to be of high-calibre and very experienced which is always good for a challenging and unique product. Using crowdsourcing for data collection with 100% accuracy will have to be proven and verified and therein lies the challenge. The vision is great but turning it into a unique global success story is going to be more difficult than expected. The KYC and whitelisting procedure is very cumbersome and time consuming, could definitely be improved. Good luck to the team and top-notch advisors with the success of the Dataeum project !
Rated on Jun 21, 2018
The team is good but it raises questions.
I did not feel the experience in Iso. Probably it is necessary to invite more experienced experts.
In general, the project is good. The idea is relevant.
I wish you luck and prosperity.
Rated on Aug 30, 2018
Modified on Sep 3, 2018
Dataeum is as their own words state: "The First Blockchain-based Platform Using Crowdsourcing for Data Generation". They are trying to revolutionize data revolution by integrating blockchain technology with the already popular crowdsourcing mechanism. Dataeum is aiming to launch a platform that can offer much needed transparency in the processes involved in data collection. They already have a mobile app running for almost 2 years, which has been collecting data from PoI’s like London, Paris and Barcelona.
The team behind Dataeum (both advisors and the team themselves) have relevant expertise. E.g. Charlie Pham and Billy Pham (CEO / COO) have founded several companies, served as partners and created mobile applications before. In their advisory board they have Anders Larsson and Joakim Holmer, founders of AllcoinWiki. I don't know how dedicated all of them are to Dataeum as most of the advisors have no direct link to the project on their business profiles.
Dataeum has 500M tokens (XDT) for sale for a total of 35000 ETH (hard cap), which makes their project worth 70k eth (~$20M) - which I find a lot for what they are aiming to do. The roadmap is very stretched, up to Q3 2021, in which a lot can and will happen. In such a long-time period, competitors will keep innovating and try to do the same as Dataeum and more. Thus they will need to have a competitive edge, with for example major partnerships – which I cannot find as of yet. The data market is huge (according to the project trillions of dollars) and they will be facing very stiff competition. It will remain to be seen how Dataeum will continue and revolutionize the space and get a solid market share (marketing, promoting, etc.).
Rated on Jun 16, 2018
Modified on Jun 16, 2018
I do not find enough information on competitors and previous technology, available on the market.
The team has experience in the field, and that is a good starting point.
Updated score thanks to explanations of the CEO. I am glad to see so much presence and will to stay at the top!
Rated on Aug 30, 2018
Modified on Aug 30, 2018
“Think always big and global”, is one of the first reflections usually in mind when you start a business regardless of the market, technology involve or investment required. In this case, Dateum matches the idea completely, a platform that enables the collection of 100% of all global physical data placing humans in the center of the business.
Some challenges come out, how are they going to generate and refine data in an efficient and trustful way?, how are they going to manage the entrance to such a different types of markets (stores, ATMs, gas stations,…) and the expansion?. For sure collaboration agreements will be needed with traditional businesses. Good to see an Alpha version mobile application tested in tree European cities. What about other continents?, probably the result would be different due to cultural or “way of life” reasons. The team and the advisory board look balanced and experimented in the crypto and business space with 14 dedicated people.
As key point, I would say that the success of the project will be based in the capacity of the team to collaborate with other sectorial platforms in multiples levels.
Rated on Aug 20, 2018
Team: The team here is very strong and capable. I believe that the timing of their entry into this market could prove beneficial if they were to study in depth all the projects that came before them and what their shortcomings are.
Vision: This market is largely dominated by powerhouse companies like Google and Facebook. Data is and will be the most profitable industry for the foreseeable future. Getting the communities to understand the value of their own personal data will be key to this becoming a mainstream application. Dataeum has the advantage over the competition.
Product: Having a product is essential in this space. I'm really glad to see that Dataeum has brought more than just an idea and a handful of top advisors.
Note: One thing that concerns me and always does is the large list of top advisors. I know for a fact that over half of that list will do absolutely nothing for this project other then rent out their bios and head shots for an incredibly large fee. This tells me a large portion of the allocated tokens will be going into advisors pockets along with a hefty cut of the total raise. Always a red flag for me but this shortcoming is overpowered by the product and team's abilities.
Rated on Jul 12, 2018
Good project with both a valid blockchain proposition and a compelling general use case for geo-location data. Strong, experienced team and a viable in-market solution.
Rated on Jul 17, 2018
Good team and good vision but having been long enough as a fence-sitter, I've seen the best intentions put down due to not looking hard at numbers. Get someone who is good at research and projections, a gut feel actually. Scalability tests are proof enough.
Rated on Jul 19, 2018
VISION: The vision has potential, though incentivised crowd labour is not in and of itself new and the blockchain 'use case' relates as much if not more to the method of incentivisation than the data collection. Nevertheless, this is certainly how the crowd sourcing will develop. 4/5.
TEAM: Strong and accomplished team with a track record which hopefully are capable of executing as well as just being 'names'. 4/5.
PRODUCT: The product is well thought out and has a sufficient level of detail bearing in mind the stage the project is at. 4/5.
This is not an invitation to invest in anything. ICOs are risky and you can lose everything you put in.
Rated on Jul 6, 2018
Modified on Jul 6, 2018
Great idea and a very accomplished team. There is definitely an unmet market need for this use-case and making it decentralized is all the more better. Some suggestions :
1)Maybe the platform can also used in a B2B setting in a consortium for handling PII/PHI that can be traded based on users consent.
2)Tiered approach for pricing flow data. Maybe based on a framework like this. https://people.cs.umass.edu/~miklau/assets/pubs/markets/li2013theory.pdf
3)Maybe provide some insight to manage token velocity.
4)Addressing GDPR compliance for flow data.
5)Maybe also reward users for tagging/classification of data.Some of which can be done by ML.
6)Maybe add more info on the streaming infrastructure for flow data (if the plan is to collect the data live)
Rated on Aug 24, 2018
Modified on Aug 24, 2018
The team is pertinent to the project and the technology, this gives hope. Trying to take this road with a product which touch the blockchain, in this way, is for sure a challenge that not many rose to.
Good interaction with the merchand
Very good token functionality inside the dataeum ecosystem.The project vision is interesting.
Rated on Nov 1, 2018
Once again, a promising project, but the team of advisors is smaller than the actual team. Which is usually not a bad thing, but in this case, the actual team has just 9 members.
Rated on Sep 5, 2018
The Dataeum team is knowledgeable and experienced in the relevant areas required by the business and industry. I am happy to see Dataeum being the CEOs second project relating to local data generation. DenDen already had two successful fundraises and is partnering with companies like TomTom and Here. The team covers all angles for their decentralized platform and checks out on all their social media and LinkedIn accounts. They are advised by several of the top ICO advisors in the space which is a double-edged sword. These advisors are well known with their own following and platforms, but they are very busy and likely not dedicated to the project and will not have come cheaply. Some of these have not listed Dataeum as one of their current project which leads me to believe that at least a few of them are rented faces. Another upside to the team is the existing partners, from ICO service providers with proven track records to digital ID providers.
The Dataeum vision is grand but clear. In their own words:
”Dataeum will become the most used data blockchain in the real world thanks to its community that will collect millions of physical data around the globe.”
The team strives to achieve this with a human-centered platform. By utilizing users ability to collect accurate physical data which is verified and updated through a mobile application properly using blockchain and smart contracts in a transparent process. The validated data will then be made available in a decentralized marketplace. Offering the user the ability to retrieve, consult, rent, or acquire their own and foreign data. The solution is well thought-out and utilizes three mechanisms for the validation of the data, accuracy, and credibility of the collector. Coined proof of existing data, proof of constant data, and proof of trust.
The team has already proven their concept in three collection campaigns in Paris, Barcelona, and London where over 300 000 physical data was successfully collected. The implementation of AI and augmented reality technology in their application is something I believe the team should push back until the dapp is finished. It seems not essential and adds additional complexity at this stage.
The market research in the whitepaper is sufficient but not encompassing. The concept is not unique and no proper competitor analysis has been done. It lacks in this regard. The whitepaper, however, addresses all other concerns in a precise manner. The token economics are simple but fair. 20% allocated to the team, investors, and bounty is more than I’d like it to be and the further distribution is not clear. The roadmap is long term but will definitely need to be readjusted several times throughout the next months and years. The one-pager offers an intuitive overview of the project for investors that are in a rush.
I believe that Dataeum is a sound project. The 14 core team members are dedicated, the vision is clear and the product has true viability with many use cases. The app already exists and the concept has been proven. It will come down to the team's ability to outmaneuver their competition and adapt to the rapidly changing data market. In addition to being able to form progressive partnerships in the relevant markets, the user will only collect the data if the token compensation is valuable enough which requires entities that want to acquire or rent said data.
Rated on Sep 2, 2018
My point of view :
Team: Team members and advisors have relevant experiences with blockchain technology and health industry. This project will be carried out very well with this team.
Project : The project is interesting, the team is keeping its promises and the product is working well. All our questions are not without answers, so I think this project has a future.
I wish you good luck.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
TeamApply as an advisor
CPO / CMO
Hoa Thai Son
Head of Product
Constance du Breuil
Head of Communication
COO InvestFeed & ICO advisor - Investor Relation
Entrepreneur, crypto investor, business angel, start-up advisor
Application release and back office consolidation
Blockchain integration throughout the platform
Integration of XDT tokens throughout the application
Marketplace deployment and its interface
Integration of an exchange platform within the system
Extension to the collection of all physical data
Enhancement of the marketplace
Full automatization of the marketplace data licensing
Member to member interaction functionality
Merchants interactions solution
Extension of the marketplace to future solutions
App enhancement to additional functionalities