DataBroker DAO – The First IoT Sensor Data Marketplace

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The Internet of Things

The Internet of Things consists of a solid network of devices with electronics, software, and sensors, in which data are exchanged and analyzed. As you all know, the IoT has been transforming the way we live, mostly since the last two decades, from efficiently managed energy resources to advanced healthcare solutions. Researchers estimate that by 2020, the IoT will consist of 30 billion of objects (Nordrum, 2016).

The Challenge

As technology is expanding and developing now in almost every area of our lives, it is normal to believe that it should be accessible to us, since it has such a significant impact. Overall, billions of hundreds of dollars are spent each year to buy and maintain billions of sensor data in the IoT marketplace. These numbers are enormous, and while the investment in IoT is keep growing, the high operation costs represent an entry barrier. Besides, all the data collected by these devices is locked in silos, and hence, inaccessible.

DataBroker DAO brings the Solution

Being the first marketplace for IoT sensor data, DataBroker DAO comes with a solution to this challenge with their peer to peer ecosystem that allows sensor owners to sell data and connect to people around the world who are interested in buying IoT sensors. Their vision can contribute to a wide range of sectors and will open opportunities for various industries. Here are some of the advantages that come with the DataBorker Dao platform:

• sensor owners can monetize their data
• redeem some of your sensor costs
• gain access to thousands of sensors
• turn your expenses into investments

Who will benefit?

Apart from the sensor owners who will obviously benefit from this global marketing of IoT movement, the main targeted groups that will win something are the network operators, sensor manufacturers, smart city initiatives, agriculture sector, and academics.

DTX TOKEN

With the help of blockchain technology, DAO enables sensor owners to turn generated data into an influx of revenue. The payment instrument for the exchanges made between sellers and buyers will be the DTX token, a utility ERC20 compliant token created for DataBroker DAO platform.
The pre-sale for this token will start on March 19th, 2018 and the main sale will begin on March 26th, 2018 running for four weeks. By looking at the market predictions, DAO team determines the maximum number of tokens they will have issued to be 225 million corresponding to the total number of sensors on the platform, by 2024. 47% of tokens, meaning 108 million will be distributed during the sale event, and 30% or 67 million tokens will be locked for three years, until January 2021.
The project has already developed a fully functioning Beta version platform. This is available to everyone who wants to have a try and gain some insight of how selling and buying data would work on DataBroker DAO. In this way, if you’re planning to join them, this version allows you to get used with the main features of the platform like the wallet functionality, sensor data streams, sensor details and dataset listings.

More

Want to know more about this project? Visit the official website at https://databrokerdao.com/ to find out more about the token sale, the team behind DataBroker DAO and preregister now for their token sale!
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