In just a few days, DataBroker DAO ICO will end. So far, looking on how the community responds to their project – it’s going pretty well! Not to mention that, they’ve been getting high review ratings from popular ICO review sites.
So, what is their project all about? Let’s take a closer look and see if it’s worthy of your time and make it part of your portfolio.
DataBroker DAO is creating a huge marketplace to distribute IoT sensor data – monetize the data and make it widely available to consumers without intermediaries.
Why IoT sensors? Because the global market is too huge that potential revenues cannot be simply ignored.
Based on the stats, the global market of IoT sensors has already gone beyond USD 600 billion. And according to Markets and Markets, the annual growth rate by 2022 would reach 42.08%. Individuals, researchers, companies and the government have been spending unimaginable amounts in buying and maintaining IoT sensors – this causing the tremendous growth in this industry.
However, the data of these sensors collect – no matter how huge and promising this industry’s growth - remain locked up in silos and walled gardens.
This is where DataBroker DAO comes in and provide a solution. Their “project” will provide a peer-to-peer marketplace for IoT consumers, sensor data owners, data processors and network owners will connect with each other within a single platform.
With IoT sensor data’s wide range of application – stakeholders, including different sectors in the business community will benefit from this project.
For sensor data owners, they will have the opportunity to monetize their generated data by directly connecting to purchasers through existing sensor connectivity networks based on LoRa, GSM, SigFox or through the sensor owners’ proprietary gateway.
For data buyers, they can take advantage of the convenience in purchasing sensor data in decentralized market. Added to this, buyers will also have the opportunity to enhance purchased raw data and resell them with added value or with the intention of handling these enriched data to their clients – this is particularly beneficial to data processors.
For manufacturing and natural resources, the data generated from their industrial IoT sensors can be sold through the DataBroker DAO platform to aid other groups in improving their operations efficiency and reduce cost.
For the transportation industry, relevant IoT sensor data will also be made available for purchase. These data would include both traffic and vehicle data.
For Smart City initiatives, through the DataBroker DAO platform sunk cost and maintenance expense will be turned into an investment with a 2-3-year payback period – which will be a continuous income moving forward.
For the Agricultural sector, for tech-loving countries like Belgium, farmers using drones to deploy different sensors to manage their farm are almost a norm. However, these farmers spend between 10-50k euro per annum. Through the DataBroker DAO, recouping this cost will be possible.
Ticker: DTX
Token Type: ERC20
Token Sale Duration: April 26 to June 30
Token Price: 1 DTX = 0.11 USD
Total Tokens: 225,000,000
Available in Token Sale: 48%
We can all agree that creating a platform that caters IoT sensor data users is ingenious. The market is incredibly huge; thus, a large number of supporters can be expected.
With the benefits of monetizing sensor data for data owners and huge savings for buyers for not being required to purchase the hardware to gather necessary data needed, the DataBroker DAO platform seems to have enough reasons to encourage potential users to join its community.
So, is it worth it to have this as a part of your portfolio? Well, it’s up to you but with the huge market they’re targeting, high profits are possible – especially for those sensor data owners and processors.
Website: https://databrokerdao.com/?ref=btctalk
Telegram: https://t.me/databrokerdao
ANN/Bounty: https://bitcointalk.org/index.php?topic=2113309.0 || https://bitcointalk.org/index.php?topic=2909180.0
