Blockchain and Smartwatches Intersect with Datum and SWINGS
Datum, an upcoming data marketplace for all types of data, has announce the launch of a second ‘Datum Enabled’ device in the form of the SWINGS hybrid smartwatch. SWINGS designed and manufactured its upcoming line of smartwatches with a battery that lasts up to two years.
Roger Haenni, co-founder and CEO of Datum, remarked: “When we launched Datum, we faced unprecedented interest, ranging from start-ups and large scale enterprises. In order to support our ecosystem, we launched ‘Datum Enabled’ program. We are enthusiastic to see a disruptive smartwatch maker opting to integrate Datum API in their complete line-up, enabling users to securely encrypt their data and then given them freedom to decide they want to do with collected data.”
Datum is working on disrupting the current data trading model by allowing users with a mobile phone to share their data safely and securely. Users will be paid by a blockchain distributed model in the form of a token, ‘DAT’. DAT tokens will be exchangeable for fiat currency or cashed out for gift vouchers from companies such as Amazon, Alibaba and others. The official start of public token sale is scheduled for the 29th of October, 2017 at 13:00 GMT. Following the conclusion of ICO, Datum Network plans to list DAT with a hard cap of three billion DAT.
Chief Marketing Officer at SWINGS, Wenming Derek Mao said: “The current smartwatch market is cumbered with the need to have daily charges, adding complication and more devices to wear. By pairing award-winning Swiss watch mechanism with an exclusive, power-saving friendly processor, we were able to achieve up to two years of battery life using an affordable and recyclable battery.”
Features of the watch include Swiss analogue components, next generation digital chipset, sapphire glass, high precision gyroscope, waterproof to 300ft/100m, and a battery lasting to years. It I expected to retail from $299.99 upwards and is expected to ship in December 2017. Datum testing network is expected to launch in December 2017, with the commercial service set to launch in the first half of 2018.