Here’s Why DataBrokerDAO Matters In The Data Landscape!
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As technology takes more significant leap strides, the demand for better understanding the world around us will grow exponentially. People will deploy sensor infrastructures that record all kinds of data that are being used to create actionable insight products and then are stored away in substantial data silos that are locked from the public.
It’s no secret that they are locked away because to deploy an effective data collection system is a costly endeavour that no ordinary company can afford. If only there were a marketplace that where data collectors could meet data buyers and enrich our lives as a consequence. Blockchain technology is here to stay, and ambitious projects that aim to bridge this gap are already in full effect!
DataBrokerDAO: Data Marketplace 2.0
Based on the Ethereum blockchain, the DataBrokerDAO ecosystem will act as a middleman between organizations that can afford to build sensor arrays and collect data, and smaller entities that can afford to buy the data directly from the suppliers. By using the platform, sensor owners can lower their system running costs through the selling of the siloed data to the data buyers that require the raw datasets to create market research and development.
With the help of the DTX cryptocurrency, a utility token based on the ER20 standard, users will be able to buy and sell brokered data on the platform with the help of the Smart Contracts feature that ensure full safety and transparency of the underlying transactions. DatabrokerDAO strives to make the DTX token the global standard for sensor data covering roughly one week of data per DTX. Simply put, the platform aims to become the “eBay” for all your data needs, an outlet that is going to become critical in a world of data analysis and data science.
The Data Processors: a commodity of the 21st century!
Besides the distinct advantages of the platform of buying and selling data, highly trained individuals can make use of the platform as well by buying data, enriching it and selling it to the companies that require an out of the box data product. From Smart data services to adaptive market analysis, there’s no boundary on what experts can do with the available data that’s up for grabs on the DataBrokerDAO platform.
DaaS (Data as a Service) will eventually become a reality as the full life cycle is achieved from data collection to data refining and final product creation. A wide range of data will be available right away like, transportation information, education, retail and wholesale trade, utilities, healthcare and many more. If you want to participate in the public token sale, you can do so on the 26th of April until 26th of May 2018.
1 ETH will get you 4000 DTX tokens with a 10% day one bonus for early buyers. During the token sale, users can register for a referral link as well to get a 5% bonus from all sold tokens through the referral link. Head over to Website, ANN Thread, BOUNTY Thread, Telegram to find out more information about this innovative platform!