Six Benefits of Using DataBroker DAO

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The DataBroker DAO alliance was created with the intent to aid the collaborative ecosystem. Gathering the necessary insights that the platform required was not the only focus that the founders of the project had. Instead, that change in doing business together would be the vital factor in the further development of the platform.

So what made these companies join this alliance? What is the reason that this platform is growing and more people start using it? We will not give you one, but instead, we will give you six reasons to why you should use DataBroker DAO but first, we should talk about DTX Tokens.

DTX Tokens (Data Exchange)

The DTX token is a utility token in the platform. The DTX token is an Ethereum token standard (ERC20) compliant token with 18 decimals. Its purpose is to act as the currency the buyers and sellers use to exchange data within the platform.

The purpose is a simple one: for one week, one DTX token is supposed to cover the average value of the data from a sensor, allowing the platform to handle micropayments, even after the prices increase or the platform is significantly growing.

The Benefits

Some of the benefits include being able to monetize your data, recoup sensor costs, gain access to thousands of sensor and more importantly, turning your expenses into investments. On top of that, there are six main reasons you should start using DataBroker DAO:

1. Sensor owners can have their data monetized and on top of that, turn a low cost into high earnings and regain parts of their investments in the Internet of Things (IoT) sensors.

2. Network Operators achieve speed and scale due to the adoption of their network

3. Sensor manufacturers can allocate the capital and resources pulled out of manufacturing to some profitable System as a service offerings

4. Smart city initiatives can turn their expenses into investments by limiting the cost of populating the town with sufficient sensors

5. In the Agricultural sector the platform gives the possibility to regain parts of the cost used to deploy sensors for wind, PH and many more.

6. Academics now have access to hundreds and thousands of sensors and can buy data directly for a much cheaper price than the one on the marketplace.

If this article convinced you or if you want to research more about this platform, feel free to read the ANN/BOUNTY Thread, Telegram or visit the official website