Review on Streamr by Robiul Islam
The World’s Most Powerful Data Exchange.
It gives Internet users the freedom to share the yielded data with the companies of their choice. This platform allows users to control all aspects of the data they create. This gives them the right to know how their preferred companies want to use their data. It also gives them the ability to claim profits generated from properly owned assets.
Companies that are willing to buy data will enjoy the benefits of the new data exchange system. The system will allow them to search for certain types of data they need to purchase. This allows them to monitor data performance.
Currently their DXT token listed on three exchanges only a few volumes of Exmo can be seen in them. They need a big exchange, maybe then token will perform well.
Pros
- It collects and consolidates data-sets with the user's permission. This enables the user to have a data profile that holds all their data in one place. It is important that projects like these are able to provide a clear, simple experience for people looking to buy data, not just for business.
- The website does a final good job of detailing what the current problem is with data and why it is important for people to get on board to protect their own data and have the right to that information.
- The team seems to be very experienced. The CEO is a member of both Stanford and Harvard Uni. DataWallet is proud of the vast amount of data scientists / analysts and developers.
- The blockchain is a perfect use case for decentralizing the data industry. Middle men are not able to cut a lot, data is irreversible and protected from hacks/theft.
- They have stated that by 2022 data will be the world's most valuable resource.
Cons
- The competitors are fierce and there are already huge markets.
- These type of projects need to encourage their users and reward them for participating in the network although they can sell their data.
