DataBroker DAO is the first marketplace to sell & buy sensor data. As a decentralized marketplace for IoT sensor data using Blockchain technology, Databroker DAO enables sensor owners to turn generated data into revenue streams. This will open up a wealth of opportunities for various industries. Data will be used and become more effective.
Databroker DAO in under a minute
Today companies make use of sensor data to optimize and monitor their operations. The result is a single purpose data landscape. DataBroker DAO drives the evolution towards truly ‘smart living’ by making this data easily accessible to cities, organizations and entrepreneurs at an affordable price. Check out our video to learn more.
DTX token sale
The Challenge
UNLOCKING THE POTENTIAL & MONETIZATION OF IOT SENSOR DATA
Individuals, companies, researchers & governments are spending hundreds of billions each year on buying and maintaining IoT sensors.The growth of the investment and applications in IoT is truly staggering, and yet, all data captured by these devices is locked up in silos and walled gardens.
On its path from sensor to silo, all this data flows over gateway operators like telecom companies, networks and even the control panels of the sensor manufacturers.
These sensor owners usually have a two year business case for their placement and the data they generate.The primary marketfor these sensors is expected to reach 1.2 trillion USD in 2019, and estimating that at least 10% of the data generated is sought for others(1-3 times), the value of data locked away will reach 120 billion next year!
The Solution
DATABROKER DAO: A PEER TO PEER MARKETPLACE FOR IOT SENSOR DATA
Using a smart contract based marketplace on the Ethereum network, it becomes possible to unlock this value. Via their gateway operator, the sensor owners place the data generated by their sensors up for sale (while staking some of their DTX tokens), and buyers can discover and purchase access to the data using that same DTX token.
The gateway operator will run their own Ethereum mainnet blockchain node and run the open-source DataBrokerDAO dAPI (distributed API) on top. Data generated by the sensors of their clients is sent (within the same datacenter) to their dAPI which check who has purchased access and send the data directly on to the location specified by the buyer on purchasing.
Since the gateway operator is already set up to deal with the data its clients generate, routing purchased data streams to a location on the internet is a straightforward extension.
For doing so, the gateway operator is awarded 10% of each transaction in DTX tokens. The platform also earns 10% and, most importantly, the lion share goes to the sensor owner receiving 80% of the proceeds.
To move from a local to a global marketplace, theDataBroker DAO implementation is replicated with a multitude of gateway operators around the world.
This grants access to a global market for data. Anyone in the world will be able to buy any available data anywhere, making it truly, “a global market for local data”.
DataBrokerDAO · Global market for local data
How can you be sure of the sensor & data quality on the DataBroker DAO marketplace?
Discover here how DataBroker DAO guarantees the quality of data sold on the marketplace, a decentralized market for IoT sensor data.
THE BENEFITS
The DataBroker DAO Alliance
Building a platform and business like DataBroker DAO requires real sellers and buyers of IoT sensor data. Over the past couple of months we have been hard at work integrating these parties into an alliance. Today we are proud to announce the below members have joined the DataBroker DAO alliance. And more to come!
"We are happy to cross paths with SettleMint and to engage with blockchain technology over DataBroker DAO. The integration was smooth and successful due to technical excellence. In a next step on our roadmap we intend to include a DataBrokerDAO “sell my data” option into our portfolio, as we realise this is a new monetisation opportunity for both sensor owners, data consumers and vendors", said mr. Rajeev Jha - CEO of Yuktix
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