Technology is becoming smarter day by day. A lot of this improvement has been possible thanks to the Internet of Things. IoT sensors play an important role in our gadgets. Even our smartphones have a lot of IoT sensors. It’s the motion sensors that help you track your fitness on your phone, the heat sensors that let you know when your over-using your apps, and the light sensors that auto-adjust your screen brightness. Some phones even have pressure sensors so you can use a stylus. All of these sensors are collecting so much data and that’s what makes your smartphone get smarter over time. There’s a missed opportunity here for some.

A lot of people are very concerned about data privacy so there isn’t an opportunity here for these people. Some people don’t mind giving up data for money and their own smartphones could be the cash cow they need.

DataBroker Dao is making it possible for anyone to sell data to companies. It is a decentralized marketplace on the blockchain. This means that your data will be secure and will be accessible only to the company you sell it to. DataBroker Dao is a marketplace built on the blockchain so transactions will be transparent. The marketplace can connect people with companies without any intermediary. You don’t need to trust a data agent with your smartphone usage data as you will be able to directly sell your smartphone usage data to companies. Smartphones are very expensive so those who want to recoup some of the cost of this expensive device will be able to in return for selling their smartphone usage data on the marketplace.

People could sell the data as per certain conditions and the transaction is recorded on the blockchain so if ever any condition is broken, the company could be held accountable. Selling your smartphone usage data is personal stuff but DataBroker Dao gives a secure way of selling it to a company as no middlemen come in control of your data.

Company

Website: https://databrokerdao.com/
WhitePaper: https://bitcointalk.org/index.php?topic=2113309.0
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2113309.0
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Proof of Work for https://bitcointalk.org/index.php?action=profile;u=1887821