DataBroker Dao: IoT Sensors reach their Limit

stazhao (61)in #bitcoin • 6 years ago

The Internet of Things is becoming a huge market and IoT sensors play a big part in it. The Internet of Things is an internet on which any object can connect to other objects. The objects connect to each other with sensors that linked to the Internet of Things. These sensors are called IoT Sensors.

IoT sensors collect huge amounts of data every day and this data helps companies improve their technology. Sensors can capture a lot of information and the interesting thing is that most sensor owners do not put the sensors to full use. Sensor owners usually need a specific type of data from it and the limit the sensor to capture that. Having extra data would just be a burden that has to be stored or disposed. Why bother to gather data that you just have to eventually store or dispose?

Companies use IoT sensors to collect the data they need but a single sensor can collect many data factors even if limited to its own category. This is a great missed opportunity because that data can be valuable to other companies. DataBroker Dao is a company that will let us put unused sensor capacity to usage. DataBroker Dao is making a decentralized marketplace with the blockchain. Governments, companies, and people would be buyers and sellers of IoT sensor data on this marketplace.

IoT sensors have an unused capacity because sensor owners only have a purpose of collecting the data they need. They don’t bother to put the sensor to full use because there is not point in collecting other data factors the sensor can collect because they don’t need those other data factors. This missed capacity is what DataBroker Dao will target. IoT sensor owners will now use the sensors to get the data they want and will also gather other data factors because they will be able to sell it on DataBroker Dao. The good thing is that sensor owners will be able to make money and more data will come to the market.