The cost of data in the 21st century
While the internet remains at a degree neutral and its’ services and products like facebook or google are apparently free; they do come at a cost. Usually, you cannot quantify this value at a personal level but the information these big corporations collect day to day from you by using their products is invaluable. Granted, they provide quality service in return but the collection of data an implied factor and sometimes the methods used to tread on morally grey areas. Essentially, you pay for their services with your privacy most of the time.
Databroker DAO aims to address this issue by creating a decentralized global market for data.
Companies are spending billions yearly to buy and maintaining IOT sensors for collecting data. As the growth in the field continues on an exponential curve, the high operation costs represent a huge barrier to entry for smaller companies that would like a piece of the data “pie.” That being said, the big companies that collect and stock this sort of data keep them most of the time locked up in data silos.
DataBroker DAO has formed an alliance to help facilitate this potential collaborative ecosystem. At the moment 15 companies have formally joined the venture, signaling a strong start on the market. They include players from various industries, ensuring the diversity of the data available on the platform.
The ones who earn it
Sensor owners (data providers) will be able to monetize their data directly and thus generate passive income that will turn an initial long-term cost into a potential money maker right off the bat while giving the opportunity to recoup some of their initial investments. A sensor owner will earn up to 80% of the amounts received and will pay just a small recurring fee for putting the sensor available on the platform. Data buyers and data processors alike will get the data as a service, so there won’t be a need to make any upfront investment in hardware to get the data suited for their needs.
Gateway providers: To gain scale and speed in the adoption of their network/devices as the partner connected to DataBroker DAO, gateway providers will be presented with a win-back to their enterprise accounts. These gateway operators are the gateway through which the data will flow to the DAO, and as such, they are also paid out immediately for each sale in the platform going directly through their gateway.
The DTX Token
The DTX token is categorized as a utility token within the Databroker DAO platform. At its’ base stands an ERC20 compliant system with 18 decimals. The token will act as credits to buy and sell sensor data within the platform. The end goal is to appreciate 1 DTX token to cover the average value of the data from a sensor for one week. Thus allowing for a satisfactory level of granularity (at 18 decimals) to work with micropayments, even after significant growth and price increases. The maximum number of tokens issued will be 225 million; DTX picked this amount to correlate with the growth of sensors available on the platform by 2024.
This project seems very promising and looks good competitor to IOTA .DataBroker DAO provides current sensor owners and manufacturers with a direct path to monetisation of their sensor data on the one hand and on the other provides entrepreneurs, researchers, smart cities and other data consumers with access to data that remains locked away in organisational silos today.Thanks for sharing article.
in the 21st century - knowledge is more expensive than any money. Knowledge and time are the main and compatible resources of any person. We should appreciate them. Earlier that would know what kind of information we had to spend a lot of time - but now the information is accessible to everyone.
But in our time, the focus of advertising corporations on the collection of data from users of search engines has developed. That is, they collect your information and in the substitution offer you beneficial benefits that you are looking for. It's good? From the part, that is, you can not want or want it.
By the time in the century of the new digital economy, this problem is solvable and offers solutions DataBroker DAO. The principle is simple, this is the creation of a decentralized data market.
In support of this project, 15 companies have already spoken. What does it say? This speaks first of all of the strong stratum and serious intentions of the company. This confirms the growing interest of investors and companies.
As with other decentralized companies, DataBroker DAO will have their own tokens.
that would not load you with numbers I advise everyone to visit the main site of the company and this as before will answer all your questions
Thank you, promising company
That is true. Data will be very expensive and it's the only investment you're sure to profit over time.
Great point. Some businesses that appear "free", like facebook, IG and snapchat, structure their site in a way that maximizes the time users will spend on the site and that is how they make money, either through targeted advertising or data mining to sell to other companies.
I just got acquainted with this project DataBroker DAO for the first time and I can say that once again acquaint your readers with a terrific and innovative project.
Firstly, this is an anti-advertising project, which is the main goal of setting up a decentralized global data market. For example, I'm sick of the fact that advertising companies constantly collect my data and use it.
Secondly, this company is increasingly appearing in the list of individual innovative news and already has the support of more than 15 companies. This indicates that they are developing well and are ready to cooperate with major players.
Thirdly, it is a decentralized company that will have its own tokens, which means that all transactions will be opened and accessible and this will save all of the fraud.
Data providers will be able to coin their data directly and thus generate passive income. Passive income is the most attractive finals thing.
I like this project, I'm sure that this is only the beginning of its great development
Nothing comes free. Everything has a cost. The digital age has cost so many with taking down on privacy. We are more vulnerable in these times like never before.
The grey information which some are collecting will be used against the victims to benefit the collectors who are more smarter.
DataBroker DAO have come up with an innovative way to solve the problem which is being faced by many. DTX token; the utility token will definitely do the job easier for the users. This new technology will make life better of millions of people.
I appreciate your wisdom and up to date knowledge.
the focal point of publicizing companies on the accumulation of information from clients of web indexes has created. That is, they gather your data and in the substitution offer you gainful advantages that you are searching for. It's great? From the part, that is, you can not need or need it.
When in the era of the new computerized economy, this issue is reasonable and offers arrangements DataBroker DAO. The guideline is basic, this is the production of a decentralized information advertise.
In help of this task, 15 organizations have officially talked. What does it say? This talks as a matter of first importance of the solid stratum and genuine expectations of the organization. This affirms the developing enthusiasm of financial specialists and organizations.
Similarly as with other decentralized organizations, DataBroker DAO will have their own particular tokens.
that would not stack you with numbers I encourage everybody to visit the primary site of the organization and this as before will answer every one of your inquiries
Much obliged to you, promising organization @danizaharie
Data Broker DAO is the first marketplace for IoT sensor data that will connect sensor owners with purchasers of the data directly, utilising existing infrastructure from telecommunications providers operating sensor connectivity networks based on GSM, Lora, Sigfox aur via a properiatery gateway of the sensor owner.
In a sense Data Broker DAO can be linked to a " Secondary market" for IoT sensor data and has been reffered to as an eBay or amazon for IoT sensor data.
The DTX token is integral to the cost effecting functioning of the Data Broker DAO platform and is beneficial over fiat or ETH as is allowed us to use the divisibility that is needed to operate micro transactions in a market.
DTX token is the utility token used in the Data Braker DAO platform.
The token will serve as the unit of value buy and sell sensor data within the platform.
@danizaharie, That's pretty intereting ICO project about DataBroker DAO. DataBroker is a decentralised marketplace for IoT sensor data. Databroker enables sensor owners to turn generated data into revenue streams and open up a wealth of opportunities for various industries to utilise the data to become more effective. It's blockchain based ICO project. 15 companies already joined, guess will join more to them.Those smart objects like smartphones and fitness trackers collect information through sensors. A lot of that information is wasted or ignored. It’s used for a singular purpose in a silo, and cannot be used for any other task. DataBroker DAO wants to monetize that sensor data with an open marketplace. DataBroker DAO aims to benefit three specific parties.It's create DTX Token in this platform.After reading your post I think These project would be best in future. Nice to decided you shared to steemians. Best updating.
Data in our time is more expensive. Good post!
It would also be interesting to know how high the costs are in case of data loss.
The Initial Coin Offering of DTUcoin (DTX), the first green Alt-Coin in the world, is taking place until September 12, 2017.
The DTUcoin (DTX) originates in environmental projects that remove certain amounts of pollution and/or preserve natural resources (water, forests, biodiversity, minerals and hydrocarbons).
The ICO provides a total volume of 255,000 DTX and expects to reach a result of US$3.5 million.