Databroker DAO is a project for monetizing data received from IoT devices
Blockchain technology prospects in logistics, tracking and data collection using IoT devices, companies began to implement two years ago. Nowadays there are thousands of corporate blockchain archives in the world constantly updated with information.
They were joined by state structures, interested in the possibility of transferring existing data arrays under protection of decentralized technologies.
The Databroker DAO start-up is an intermediary platform designed to become a convenient marketplace for the sale of commercial and government data from blockchain storage.
The Databroker DAO platform will bring together ready-to-use networks through smart-contracts, organizing trading under Ethereum, the most reliable, widespread and supported by the miners of all blockchains.
Each corporate, closed data blockchain has a similar structure, in which there is a hub that receives, processes and hashes information from IoT devices. While it works "one way", transferring an array of data to the blockchain system. Thanks to the DAO smart contracts, he will be able to issue of the part of the data that the company deems it necessary to monetize.
The Databroker DAO platform is a client program that classifies and uncovers "shared" information arrays for searching. The final terms of the transaction are negotiated by the Buyer and the Seller with the help of p2p communication. Buying and selling takes place using the DTX token, which is the internal currency of the Databroker DAO.
The DTX Token is distributed by the Databroker DAO start-up during the ICO, the first investors are given a 50% discount, in the future, customers will have to buy it at stock exchanges at a market price in order to use platform services.
In addition to the direct purpose of paying for information, the DTX token is a promising investment, the growth of which is ensured by:
- availability of the beta version of the Databroker DAO platform;
- the size of the already established market of ready, decentralized information which potential is estimated at $ 1.2 trillion;
- low fees for Databroker DAO services;
- simple and understandable idea of combining corporate blockchains, protecting from information leakage, without the need to create complex algorithms.
The use of the Ethereum network gives the Databroker DAO startup a "competitive advantage of trust" over similar projects involving the creation of its own blockchain. In contrast, the Databroker DAO information exchange can already work with the first customers, after the completion of the crowdsale. This will allow the team to focus on developing the network and attracting new customers and users, instead of "software research."
News about partnerships are good for the rate growth! Hurry up and buy a DTX token at a discount! Register on the WEBSITE and take part in the ICO Databroker DAO - the global IoT world data project!