Locked up potentials
Internet of Things (IoT) refers to the billions of globally distributed hardware with the capabilities of collecting and communicating their readings without human intervention. They primarily contain sensors which communicate their data to the cloud via wireless sensor networks. IoT sensors represent a global market in excess of $600 billion each year (purchase, installation, maintenance and software license). The data generated from these IoT devices are rich and critical to the operations of governments and businesses and also for research purposes. Despite the high cost of investments in IoT sensor devices, the data captured are unfortunately siloed.
The Solution
Databroker DAO leverages the power of blockchain to provide a peer-to-peer (P2P) marketplace for IoT sensor data. It seeks to unlock the value of sensor data locked away in silos and walled gardens. With DataBroker DAO, sensor owners can monetize sensor data and recoup some of their invested capital. The DataBroker DAO platform unites sensor owners, gateway operators, data processors and data buyers in a robust and lucrative sensor market ecosystem.
DataBrokerDAO Platform
The DataBroker DAO platform is built on the Ethereum blockchain to provide a transparent, decentralized and immutable transaction of IoT sensor data. The native token of the platform is the DTX token; a utility token which drastically provides a very low cost of transaction compared to about 1-3% transaction fees charged by traditional fiat payment processors. At the core of the platform architecture is the registry of sensors and data streams or files listed on the platform. Sensor owners are required to stake certain amount of DTX tokens in order to list a stream in the DataSetRegistry.
DataBroker DAO is also introducing an API application called dAPI which will be deployed at each node by the gateway operators, data processors and big data buyers, whereas sensor owners may use existing gateway operator-provided interfaces or the DataBroker DAO dAPP to interact with the platform.
Benefits of DataBroker DAO Platform
New monetization opportunities: DataBroker DAO provides a new way for sensor owners to make money by linking them with large scale data buyers such as self-driving technology companies, researchers, energy corporations, environmental agencies and so on. Sensor owners receive 80% of the amount paid for the data sold. DataBroker DAO unlocks the wealth in erstwhile siloed sensor data. Also, gateway operators are rewarded with 10% of the cost.
Reliable and Consistent Data Offering: Data buyers are offered consistent and quality data as data streams are pulled from the gateway operators. This leaves no point for data manipulation. Data processors will also be able to purchase raw data which they can enrich and resell or deliver to their clients.
Robust Ecosystem: DataBroker DAO platform creates a single point of discoverability for sensor data and converges all the stakeholders in the IoT space.
Low transaction fees: Unlike traditional payment system where transaction fees could be as high as 3% of the purchase cost, transactions on the DataBroker DAO platform will be very low and powered by the DTX utility token.
Partnerships
DataBroker DAO ICO
DataBroker DAO is currently offering its token DTX in a crowd sale which will end June 30, 2018. 1 Ethereum will purchase 4000 DTX. So you can avail yourself of the opportunity to tap into this vast stream of wealth. Check the DataBroker DAO website link provided at the end of this article for the procedure involved in participating in the token sale.
Conclusion
DataBroker DAO aims to be the foremost global P2P marketplace for sensor data where data buyers can get quality and reliable sensor data and sensor owners can monetize their locked away data. The project is conceived and driven by a team of professionals with vast experience in fintech, IT development, marketing and communication, software development, and business development. DataBroker DAO also receives solid advisory support from industry heavyweights and successful entrepreneurs.
Without much ado, DataBroker DAO is poised for success and recognition as the “Amazon” for IoT of sensor data.
For further information, visit these links:
Website: https://databrokerdao.com
Whitepaper: https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2113309.0
Author’s bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1418203