DATABROKER DAO-A PEER TO PEER MARKETPLACE FOR IOT SENSOR DATA

bacrypto15 (25)in #databrokerdao • 7 years ago (edited)

Databroker DAO (Data Service)

Good day guys, today i would be introducing you to this interesting and promising project Databroker DAO before continue i would like you to watch the short clip below to give an insight on what it is about :

Further I go i would be talking abouut the following:

The challenges in the global market and how Databroker DAO will solve it.
What Databroker DAO have to offer(i.e benefits)
Road map

The challenges in the global market and how Databroker DAO will solve it

Challenges

According research many 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!
Solutions

Not to worry Databroker DAO has come to the rescue .The platform would be 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.

What Databroker DAO have to offer(i.e benefits)
With Databroker DAO you can monetize your data,you can recoup your sensor cost,listed below are some other benefits the platform has to offer:

Sensor owners are able to monetize their data and turn a sunk cost into a potential money maker and at least the opportunity to recoup some of their investments in IoT sensors.
Network operators gain scale and speed in the adoption of their network as connected telcos can present a win-back to their enterprise accounts, a clear USP.
Sensor manufacturers can stop the 'race to the bottom' for production and pull resources and capital out of manufacturing and allocate these to profitable SaaS offerings
Smart city initiatives can limit the upfront cost of populating the town with sufficient sensors and turn the expense into an investment with a 2-3 year payback period and a continuous income stream after that.
Agricultural sector in the Agricultural sector in Belgium today, 10% of farmers are 'techie'. They deploy sensors include for wind, temperature, barometric pressure, humidity, PH level in the soil. The platform will provide the possibility to recoup some of this cost.
Academics can get access to thousands of sensors and can buy data directly and more cheap on the marketplace, cutting out established data providers.

Roadmap

Roadmap 1

Roadmap 2

Summary
DataBroker DAO is the first marketplace to sell & buy sensor data. As a decentralised 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.

To know more about this project you can visit: