Databroker: Confluence of IoT and Blockchain

After Artificial Intelligence, Machine Learning and Blockchain, it is the turn of IoT to become the next big thing in the upcoming years. Internet of Things, or IoT, refers to billions of physical devices around the world that are now connected to the internet, collecting and sharing data. Thanks to cheap processors and wireless networks, it's possible to turn anything, from a wall to an airplane, into part of the IoT.

So what are the applications of an IoT? Well anything, ranging from a fan that can be operated using your smartphone, or a truck that can be driven around without a driver using different sensors for determining how to move. Nowadays, IoT is being used on a much much wider scale. Entire cities are being transformed into smart cities using sensors!

However, all these sensor data remains grossly underutilized and remain locked within the owning organizations. There is no proper peer to peer data marketplace where data can be bought or sold.

This is why Databroker felt the need to enter this market and change this for once and all.

What is Databroker?

Understanding the true powers of the deadly combination of blockchain and IoT, Databroker introduces a peer to peer marketplace so that the vast IoT data that is collected all over the globe is properly monetized and utilized.

Databroker mainly does 2 things :

• Provides data owners with a legal and an easy path for data monetization.
• Provides data consumers with a decentralized market where they can buy IoT data.

All the stakeholders in their ecosystem gain in some manner or the other.

The sensor data owners can sell their data and in turn, generate some passive income. Data processors get data as a service and hence they can avoid investing in hardware initially, thus saving a good amount of money. Gateway providers can boost the adoption of their products.

In short, all the participants are winners and thanks to Databroker, the IoT market may change forever.

How does it work?

• Sensor owners make their data available for sale on the Databroker DAO platform.
• Data buyers purchase these data from the owners. They may use the data in which they have purchased it or they may modify it by reselling it at a higher price.
• Data processors also buy data from owners, however their sole intention is to modify and enrich the existing data so that they can sell it again at a higher price.
• The huge amount of sensor data generated globally generally flows through a wireless sensor network operated by the telecom giants of the world. The gateway operators expose the gateways that they operate. This allows owners to sell their data on the Databroker platform.

Cleary, the data buyers and, processors pay for the data while the other earn from the sale of data.

80% of the earnings from the sale of data is returned to the sensor owners. The remaining 20% are equally distributed between gateway operator and Databroker platform.

About ICO

The DTX token is a utility token in the Databroker DAO platform. It will be used as a currency for buying and selling data within the platform.
The maximum number of tokens that will be issued is 225 million. This is equal to the number of sensors that will be present in the world in 2024.

The pre-sale begins on 19th March, 2018. The exchange rate during the pre-sale will be 6000 DTX/ETH.

The ICO sale begins on 26th March, 2018 and ends on 23rd April, 2018. The exchange rate during the ICO period will be 4000 DTX/ETH and a bonus of 10% will be provided on the first day of the sale.

The DTX token trading will begin on 30th April, 2018.

Verdict

Internet of Things has taken the world by a storm and with a huge number of smart cities coming up in the future, a proper data marketplace for the huge number of sensors is needed.
Databroker understood this and this is why they have presented this solution.

Databroker's solution does not only solve the problems of a data marketplace but also ensures that everyone is equally and fairly rewarded for their work.

Apart from this, they utilize the powers of blockchain and IoT together, making it one of the most powerful projects of the century.

It is not far-fetched to think that Databroker will change the IoT sensor data marketplace once and for all. More importantly, for a better and smarter tomorrow.

Website: https://databrokerdao.com/
ANN Thread: https://bitcointalk.org/index.php?topic=2113309.0
Telegram: https://t.me/databrokerdao

Blog by Yalsik
Profile: https://bitcointalk.org/index.php?action=profile;u=1943321