A Global Market For Local Data: DataBroker DAO

With the development of technology, the acceleration of the Internet and the strengthening of the hardware, everything is connected to each other via Ethernet or Wifi. The acceleration and widespread use of the Internet has also affected electronic devices. Smart devices that can connect to the internet with various modules have started to be produced. And a name was given to them: "IOT" Internet Of Things.

The IOT simply means that every object that you might think of is connected to the internet and communicate with other devices in any way. Also it means to put a word "smart" before each object. Smart wristbands, smart watches, smart glasses, smart t-shirts, smart racquets, smart home automation systems, smart cars and etc. This is a fast growing market. According to Gartner's research; it is estimated that, in 2020 some 26 billion products will be connected to the internet.

Why do I tell you these things? Do you want to make a more professional system that you see as a hobby until today and share it with those who want the data on the internet and get a financial income in return? At this point Databroker DAO is emerging for this job.

DataBroker is a trading platform created between the owners of sensor data connected to the platform and the consumers who may need it. On this platform, you sell the data on your sensors, and others buy from you the data they think they will work.

DataBroker DAO collects data providers and those who need this data in a single interface. In this way you can get the information that can be quite expensive by paying very low price. Even if you use these data to reach another meaningful data, you can make money from it.

As an example I wrote above: You set up a small weather station in your area. You measure the humidity of the air, the quality, the speed of the wind, and you share it on this platform. Someone from the other side of the world needs this data. Then on the platform he buys it for a fee.

As a result, DataBroker DAO can be referred to as the "secondary market" for IoT sensor data and also can be called "eBay" or "Amazon" of IoT sensor data.

Databroker is doing all of these things on Blockchain. Payments are also made with the ERC-20 DTX token on the Ethereum network. When using this interface, you will use the DTX token and you will do all shopping with this currency. By 2024, it is expected that the tokens will be equal to the sensor number. This amounts to approximately 225 million tokens.

This project, which IOT and Blockchain meet, promises a great future. I believe this project will succeed. You can reach the details of the project in the following links. You can make investment decisions after you have done your research.