DATA BROKER DAO: Monetize Your IoT Sensor Data on the Ebay of IoT Sensor Data
Introduction
When Internet Was introduced, people could not possibly imagine its impact on the world and the business. And, today we are standing at the crossroads of technology, where practically, every possible application in the world needs internet interaction. Humans have found a new world on the internet. Not only humans, our objects in the home and office have found internet connectivity. The Internet of Things is the network of physical devices who are connected with each other utilising the network of the internet. The network of networks found a new application which has revolutionised the industry. They share data with each other to make our lives better and create efficiency in the business operations.
The global market for the IoT is booming with the market for IoT sensor reaching 600 billion dollars per year by 2016. The IoT sensor market is estimated to reach 1.2 trillion dollars by 2019. The entire problem starts here, as the number of objects connected to the IoT network grows, the data associated with it also grows. And, currently, this data remains underutilized because it is locked up in silos of organisations and Individuals, who are unable to understand the value of the data.
The value enrichments of the data must be created to support and develop an industry where the local data can be sold and bought. The IoT sensor data needs to be put in the marketplace for the researchers and value creators. Therefore, a platform integrated with the latest technology is required to facilitate the marketplace for the IoT sensor data of the world.
Solution offered
DATA BROKER DAO is creating a platform for the buying and selling of the IoT sensor data. A platform that facilitates the direct interaction between the Data owners and data buyers based on the blockchain technology. The sensor owners, data buyers, data processors and gateway operators are part of the marketplace. They have also been called eBay for IoT Sensor Data. Sensor Owners have a great opportunity to earn revenue by monetizing their data to recover the investment made in the sensor.
Data Processors can create services and sell it to customers utilising the Sensor Data. They have launched a beta version of the platform for the public. Some of the core features of the platform are Wallet Functionality, sensor data stream listings, sensor details and dataset listings. They have a traditional governance mechanism until the active participation of the community and industry does not take place.
ICO INFORMATION AND TEAM
The team has decided to include people to be part of the project. The DTX Token is an ERC20 compliant. 48 % of the tokens are reserved for the ICO. The token presale starts form the 19th March 2018. The Main Token sale starts from March 26th, 2018 until April 30th, 2018. The proceeds from the funds will be utilised for the development and marketing of the platform.
As the team believes in the Power of blockchain technology to revolutionise the sensor data market, they are not underestimating the power of the People involved in the process. DATA BROKER DAO team has experience in the business development, startups and technology.
Conclusion
The concept of smart home, smart cities, intelligent transportation and smart grid has come into human mind due to the IoT sensors. It is believed that there are more than 9 billion IoT sensors worldwide. According to an estimate, more than 30 billion objects will be connected through IoT by 2020. IoT Sensor market is estimated to reach 1.6 trillion dollars by 2024, according to an estimate. The market is moving at a rapid rate as more and more people are investing in the IoT sector.
Organisations have become more technology savvy and wish to utilise the power of IoT to increase efficiency in their Business operation. They have analysed their Platform on the basis of the McKinsey report which mentioned about the six pillars of the IoT Sensor data Marketplace. They are doing admirable progress in the development of the platform for completing the launch of the platform in this year only. They have formed a DATABROKER DAO alliance to create an ecosystem of collaborative effort and action towards the development of sustainable solutions in the IoT.
As many as seven companies have joined the alliance. In future, they are creating applications which can be integrated with the other platforms, where sensor owners can find a direct option of selling their data to the third party. A transparent platform is here to sell your data to the people you choose. So, are you ready to sell your Sensor Data?
Important links:
Website: https://databrokerdao.com
Whitepaper: https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf
Btalk ANN: https://bitcointalk.org/index.php?topic=2113309.0
Telegram: https://t.me/databrokerdao
Authored By: Etheran
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1108165