Here I will tell you a brief summary about DataBroker DAO.
On how you could understand the project and helps you decide whether if this is a good investment or not.
So, here's the breakdown.
Databroker DAO - A Decentralized Sensor Data Marketplace
a peer to peer marketplace created to provide IoT sensor owners with a clear path to data monetization and data consumers with a decentralized market to buy IoT sensor data.
Data from the Internet of Things
Consumers, researchers, companies are all buying increasingly more IoT sensors to capture data
Can be used to improve processes or provide more services
Global IoT market over $600B per year (Verizon)
Most of the time, data is used by sensor owner or re-sold
Either way, it remains very siloed
More value can be extracted from the date for sure
Hard Problem : How to fee that data from it's silos?
Databroker DAO solution
Create a secondary market for sensor data
"eBay or Amazon for IoT sensor data"
Powered by Ethereum Smart Contracts
Gateway operators set up to accept sensor data and route it to buyers
Run Ethereum node + Databroker DAO distributed API
Will be set up around the world - global marketplace
Use DTX toke (ERC20) for access, incventives, purchases, and platform fees
Why Blockchain?
Micropayments for large, global, trustless ecosystem
Platform core Components
Registry of sensors and date streams
Sellers "stake" tokens to list on reistry
If bad data, they can be "challenged" by buyers and lose their stakes
Identity management via smart contracts
Sellers own their data while operators or large scale buyers while end-user existing interfaces
Data distribution/Storage
dAPI connected to leading IoT/Big Data storage vendors, also anchor batches of data on blockchain
Bought IoT sensors and have a lot of data to potentially sell
Data Buyers
Purchase the data to use it (e.g. Improve their machine learning models)
Data processors
Buy the data to enchance and re-sell it or handle it for their clients
Use this additional data to aument data from other sources
Can offer improved services to their clients
Gateway Operators
-Open up their network for data to be sold on platform
Value proposition & incentives
Sensor owners
Menetize their investments (pays for itself)
Gets 80% of amount of each sale
Data Buyers
Access to date previously unavailable to them
Don't have to spend money buying their own sensors
Gateway Operators
Instant more adoption and usage of their Networks/Devices
Also gets 10% of each sale
The platform ( DAO )
Gets 10% of each sale to cover operating costs
Who will have the data to sell?
Who will buy the data?
Academic Researchers
Research projects need a lot of data to build models or draw conclusions
Government Agencies
Glean insights from data for potential policy initiatives
Energy Corporations
Inform business decisions like where to start solar farm
Entrepreneurs
Build apps on top of data
And more!
Databroker DAO Alliance
Roadmap
And that was all for DatabrokerDAO, I hope this could help you on your future decisions regarding the project
(Disclaimer : This is not an investment advice, the content is solely the perception of the author)
For more information about the project, you can visit these links below
