In today world we are surrounded by different types of sensors and the data collecting tools, these sensors can be on our cell phones, in the computers, in the public cameras, simply everywhere and all the data has been recorded since the beginning and what happens to the data, that data is destroyed after some time and no use come from it after it was used for once.
Datbroker Dao has created a platform where all such IOT sensor data can be stored and monetized so it can be available for the marketplace.
How does the system work?
Basically DAO Is designed to collect all the data from the IOT sensors everywhere in the world, how they will collect it, they will bring the sensor owners, data processors, and network owners onto one single platform powered by Blockchain technology. The IoT sensors can be available from the DATABROKER DAO in short period of time.
Databroker aims is to create a platform where anyone can buy or sell data, that means the data won’t be available for free here on DAO. So if you want to sell the data of your cell phone or fitness tracker to the market you have to use the platform that DAO project is aiming to create and even if you want to buy some data from another sensor data seller you have to gather on the Blockchain platform created by DAO and this idea, this technology is brilliant, one could not have imagined that the IoT sensor data can be put into such productive use.
Who can use data from DAO and how?
I bet you have this question in mind, how really will it help the individuals and how? Well, I hope these examples below will be able to provide the meaningful answer for you.
• Academic needs – For research projects on different things universities can get data from DAO platform on very low prices which can increase the productiveness of the research projects.
• Agriculture – Imagine a farmer who has bowed wheat and now is the time to harvest it and chances are there can be rain anytime in coming days and the ready wheat can be damaged due to rain, so from these sensors data from all over the country will enable the farmer to get the weather data from the platform on low cost and actually save his crop.
• Smart cities – the smart cities that will install these IoT sensors devices will be able to recoup some cost of the data at the time when they will sell the sensor data in the market.
Benefits that will come from DataBroker DAO project
From the ICO DataBroker DAO project, three particular parties will get benefits.
The parties;
The Sensor Owners -- Sensor owners will be able to monetize all their data and can turn the sunk cost into some real potential money-making machine. This provides sensor owners with some opportunity to actually recoup some investments they made in the IoT sensors.
Network Operators – The telecommunication companies will be able to present a win-back to all of their enterprise accounts, DAO gives these network operators a fine unique selling proposition (USP).
Sensor Manufacturers – Third the Sensor manufacturers will get benefits, they can this time stop the racing to the bottom for pull and production resources, they will be able to capital out from manufacturing, and after that, they can allocate the resources that emerged from the process into profitable SaaS offering.
The Conclusion
It is a decentralized autonomous platform that aims to gather and distribute the sensor data, moreover, you can find info about it on their website.
The beta version of this platform is available for right now ...
For more please visit :-
Website: https://databrokerdao.com
Whitepaper: https://goo.gl/YLzVGF
Marketplace: https://dapp.databrokerdao.com/
Github: https://github.com/DataBrokerDAO
Twitter: https://twitter.com/DataBrokerDAO
Medium: https://medium.com/databrokerdao
Facebook: https://www.facebook.com/DataBrokerDAO/
Reddit: https://www.reddit.com/r/DatabrokerDAO/
Bitcointalk: http://bit.ly/2snCLre
Author details
Bitcointalk Username :- Cryptopal2
