Four Reasons Why DatabrokerDAO Will Become The Flagship Of Data Brokerage!

It’s no secret that the power of data and data analysis is ever pervasive. With the recent scandal that Cambridge Analytica created, the mainstream public finally got a taste of data’s real power! Companies spend millions on expensive sensor infrastructure that collects data and then stores it in large data silos, locked away from the public eye.

While the data owners get their worth out of their collected information, they could monetise it in a safe way to the public with the help of blockchain technology. Here’s how databrokerDAO will change the game!

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1. The blockchain marketplace for all your data needs!

Whether you want to buy sensor data or sell it, the databrokerDAO has a solution for you. Sensor owners can cut back their running costs by reselling the data and buyers benefit from the highest grade information bought with the help of Smart Contracts. Cutting shady data brokers is the main prerogative of the platform as the transparency is assured by the distributed ledger system. As the IoT industry grows on an exponential curve, having such a platform in place will further streamline the business processes surrounding the high-tech industries worldwide.

2. Data Scientists and DaaS (Data as a service) at your disposal

Individuals or organisations who want to leverage the power of data but do not have the “know-how” can hire professionals from the platform who will sell out of the box data products. The data processors will buy raw data to enrich it with statistical processes and then resell it as a finished product to the highest bidder. Thus the platform can provide DaaS for its users with the full data cycle available.

3. Gateway operators: a simple way to a passive income!

It’s safe to say that once the platform is fully operational, data from billions of devices will flow through the system with the help of the Wireless Sensor Networks (WSN). Their crucial role is to create a gateway for the sensor owners to directly sell their data on the platform. As gateway owner, you will receive 10% of the operational data broker fee just to maintain the gateways in the best shape possible!
This payment structure is embedded directly in the Smart Contracts. Once the funds are received, they are directed to all involved parties in an automated way.

4. The DTX token: becoming the sensor data standard!

Users will be able to buy and sell data using the DTX token, based on the ERC20 architecture. The utility token will make use of the Smart Contracts feature that will release the funds and the requested data in a transparent way that’s recorded on the append-only distributed ledger. The primary token sale takes place between April 26th and May 26th, 2018. Buyers will get 4000 DTX tokens per ETH spent on a 10% day one bonus. If this innovative data platform peaked your interest head over to ANN Thread/BOUNTY Thread and Telegram for more information!