Smart Living with the First Marketplace to Sell and Buy Sensor Data
We live in a world where our need for devices is always growing little by little. There are already billions of devices in the IoT (Internet of Things) with new ones connecting each day. Without a doubt, the IoT is rapidly starting to become a necessity in our daily routine by shaping and transforming the way we think, create, work, play, learn and live.
However, buying and maintaining IoT sensors is very expensive, and the bad news is that all the data generated is not reachable because it is locked and isolated, instead of being used for the growth and innovation of society. According to Verizon Enterprise, by 2016 there were already 9 billion IoT sensors worldwide and potentially, there could be 33 billion by 2019. This means that the investments made in the IoT space are massive, but unfortunately, useless. DataBroker DAO intends to change this situation by releasing the data locked and make it accessible not just for large companies and governments, but also for researchers and entrepreneurs around the world.
WHAT is DataBroker DAO?
DataBroker DAO represents a decentralized marketplace for IoT sensor data. How will they solve the problem? In short, they want to unleash the potential of currently inaccessible data into the creation of new transversal Value Added Services. Buying and selling the IoT sensor data will enable entrepreneurs, researchers, and organizations to create valuable services that will contribute to the quality of our cities, and eventually to the quality of our lives. To understand better the nature of this new marketplace, the authors compare DataBroker to a secondary market like eBay or Amazon. They say that their platform will make sensor data accessible just how the online retailers offer a good brand product available at lowest prices.
Who is involved?
The stakeholders involved in DataBroker are sensor owners, gateway operators, data processors and data buyers. DataBroker DAO created a perfect ecosystem, thanks to blockchain technology, which will connect buyers and sellers through the DTX utility token, serving as a payment instrument.
The identified potential sellers of data in the future are represented by two main groups: Business and Consumer. They will be able to sell sensor data to a broad range of buyers like academics, farmers, smart city initiatives, energy corporations and more. The main sectors led by the sellers which will significantly impact our world will be:
Manufacturing and Natural Resources: with the purpose of deploying sensors to improve operations and reduce the cost of production.
Transportation: accessing the specific traffic and vehicle data, such as congestion, trains, buses will help entrepreneurs to create apps that will find the best route to the desired destination, but also help the government to improve the infrastructure of the public transportation system.
Utilities and Government: sensor data from this sector will improve the electricity supply network to deliver more efficient utility services including smart meters, smart appliances, and smart city initiatives.
Agriculture: with the purpose of deploying sensors of wind, temperature, humidity, PH level in the soil, to help people manage their farms and reduce the costs.
Information in data today is incredibly valuable and powerful as each company and organization in the world will need it. DataBroker DAO works to revolutionize each sector into a “smart living” world that will make data accessible and affordable to entrepreneurs, cities, and organizations.
To find out more about this new global market, please check:
This post has received gratitude of 2.41% from @appreciator courtesy of @westonmills!