DATA + IoT + Blockchain Technology = DatabrokerDAO!

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We are on the cusp of one of the most significant industrial revolutions that the humanity has ever witnessed. With the ability to give almost any device or appliance a “brain” we could change our lives and our surroundings forever! With the right data, the proper infrastructure and the right processes we can turn raw collected data into insights that can reshape the world as we know it.

The fridge could know what’s missing if the milk has gone sour or even suggest to you a new brand of milk with the latest discount available. Collecting this sort of data will give the marketers a better understanding of consumption patterns and thus deliver better products to the final customer. Companies who want to make sense of data, currently, have two options.

1. They decide to buy from shady data brokers that most of the time have erroneous data and charge immense sums of money for their potentially useful information.

2. Companies build sensor networks to capture data themselves. However, choosing this route is going to be an expensive one, and not everyone can afford it. Companies that do, finally lock away the data in silos, virtually locking up potential financial gains.

With the help of the databrokerDAO platform, these issues are solved as the platform consists of a blockchain system where data sellers can sell their siloed data to cut back on the running costs and buyers can access data that they wouldn’t usually be able to.
Data Processors and Gateway Operators: the pivotal players for DaaS(data as a Service)

Data Processors - are professional individuals who can offer they data science skills on the platform. Not every company can afford to hire a full-time data science team. Thus, the databrokerDAO provides data science services that make use of the available data on the platform. Data Processors will buy the raw data, clean it and apply a wide array of statistical and machine learning processes on it to create an actionable insight product that can be used directly “out of the box”.

Gateway Operators – play a pivotal role in the ecosystem as they will provide the backbone of the network with the help of the WSNs (Wireless Sensor Networks). They will be used to repay the millions of sensor data directly to the requesters and customers. With the help of the Smart Contracts feature, Gateway Operators will receive 10% of the final price, thus ensuring a sustainable business model for all involved parties.

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The DTX token aims to become the standard data currency worldwide. It has been calculated that 1 DTX will be worth one week of sensor data. Based on the ERC20 infrastructure, full support of the Smart Contracts will be enabled once the platform goes live. To take part in this data revolution, you can purchase DTX tokens starting on the 26th of April up until the 26th of May 2018. 1 ETH will get you 4000 DTX tokens with a 10% off bonus if you decide to purchase your tokens on the first day.