Value-added services via IOT data
DataBroker DAO, is a peer to peer decentralized marketplace based on state of the art blockchain technology tailored to provide IoT(Internet of Things) sensor owners an alternative path to monetization and widespread access to data consumers from all around the world.
The current bulk of sensor collected data lies in large data silos owned by big companies and the barrier to entry the field is getting higher and higher; such a marketplace would spell greater good for everybody involved in the process and further sustainable growth and innovation.
Blockchain Pedigree
From a marketplace point of view, using the public Ethereum chain would be the obvious choice enabling the use of an entirely built smart financial infrastructure, with minimum transactional fees.
Using a utility token also brings the mathematical advantage of 18 decimals, combining the possibility to use tiny fractions of the token with meager fees. Real-time micro-transactions become suddenly possible.
What kind of data will be available?
Then main 2 groups of data available would have to be either business or consumer, each with their respective subcategories. It's no secret that the business group is the main driving force in sensor deployment market, globally. The major players in the business subcategory are the following:
Manufacturing and Natural Resources
Their primary purpose for deploying sensors is to improve the efficiency of operations, to cut production costs, research new markets.
Transportation
Data from the transportation sector consists of both traffic and vehicle-specific data. Traffic data could include for instance congestion and data regarding the shipping of goods or perhaps the temperature sensors found in food shipping containers. Here we might also add sensors for managing public transportation such as trains or buses. Primarily a wide array of measurements from CO2 emissions to speed and preventive maintenance.
Utilities and Government
Utility providers deploy sensors to enable “smart” utilities in order to deliver more efficient such as smart grids or smart meters primarily used for electricity and water distribution. Governmental sensors also have a wide array including everything from water level sensors to detect flooding or other water-related hazards, air quality monitoring and smart street light systems.
Agricultural sector
In western Europe, the old ways of agriculture have long been forgotten. Having a drone flying around for monitoring, and 10 to 20 sensors to measure different things have become the norm. The sensors might capture measures like instance wind, temperature, barometric pressure, humidity, PH levels of the soil.
Who will most likely buy all this data?
Aside from the already existing data processors in the ecosystem, any company looking to enhance a product that is data driven is provided with the opportunity to develop a said product without having to invest in expensive hardware. This spectrum of buyers can be very broad: fertilizer companies looking for soil PH data or Smart City initiatives who want to streamline the city traffic or even Academics who would like to get sensor data faster for research purposes.
If you would like to know more details about this project, please visit the official website at https://databrokerdao.com/.
DataBroker DAO is a marketplace for IoT Sensor data that will connect sensor owners with purchasers of the data directly, utilizing existing infrastructure from telecommunication providers operating sensor connectivity networks based on GSM, LoRa, and SigFox, or via a proprietary gateway of the sensor owner. In a sense, DataBroker DAO can be likened to a “secondary market” for IoT sensor data and has been referred to as an “eBay” or “Amazon” for IoT sensor data.
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very informative post..thanks you for the knowledge sir DataBroker DAO is a marketplace for IoT Sensor data that will connect sensor owners with purchasers of the data directly, utilizing existing infrastructure from telecommunication providers operating sensor connectivity networks based on GSM, LoRa, and SigFox, or via a proprietary gateway of the sensor owner. In a sense, DataBroker DAO can be likened to a “secondary market” for IoT sensor data and has been referred to as an “eBay” or “Amazon” for IoT sensor data.
DataBroker DAO, found online at DataBrokerDAO.com, is a blockchain-based platform that wants to enable the monetization of IoT sensor data, turning sunk costs into perpetual revenue streams.
Basically, we’re surrounded by smart objects in our daily lives. 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.
How Does DataBroker DAO Work? The main goal of DataBroker DAO is to provide a distributed marketplace for IoT sensor data. The company aims to create the first blockchain-based marketplace for sensor data, bringing together all different participants into one place – including sensor owners, data processors, and network owners.
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@danizaharie, You were well explained about DataVroker DAO ICO review. It would be really helpful for understand better to ICO finders. The sole reason for the existence of DataBroker DAO is to connect IoT sensor owners that produce data with data buyers looking to access hard to get and previously unavailable data.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. To unlock the silos, DataBroker DAO integrates with the current networks that act as the information transmission highways for the existing and massive IoT sensor market. I think huge compnies tries to joing with these ICO project. They have defined a protocol that enables devices to transmit data to communicate and transact directly. Databroker DAO is a very speedy developing project. In future this ICO will be awesome and most beneficiary way to joiners.
wow very excellent post Thanks for sharing,..DataBroker DAO is a marketplace for IoT Sensor data that will connect sensor owners with purchasers of the data directly, utilizing existing infrastructure from telecommunication providers operating sensor connectivity networks based on GSM, LoRa, and SigFox, or via a proprietary gateway of the sensor owner. In a sense, DataBroker DAO can be likened to a “secondary market” for IoT sensor data and has been referred to as an “eBay” or “Amazon” for IoT sensor data.
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