DataBroker DAO is the first market for Sensor IoT data that will connect the sensor owner with the data buyer directly, utilizing the existing infrastructure of telecom connectivity connectivity service provider based on GSM, LoRa, SigFox or through the gate of ownership owner of the sensor.
In a sense, DAO DataBroker can be likened to “secondary market” to IoT sensor data and has been referred to as “eBay” or “Amazon” for IoT sensor data.
This platform will interact with multi-level contracts and Ethereum addresses for its core functions. The core component of this platform is the registration of sensors and data streams / files provided on this platform. In DataStreamRegistry all data will be stored to provide sensor data source. Online data may be direct data coming from an IoT sensor that will be sold in each period. The registry will keep the data files, the data that can be purchased.
Data buyers and data processors receive data as a service, so there is no need to invest in hardware to get the data sources they require. They will also have access to the data and vice versa will be stuck in the sensor owner’s data bunkers. Gateway operators will allow data transmission to the DAO. There are billions of devices deployed globally that emit data through a wireless sensor network (WSN) operated by telecommunications companies in each country. Gateway operators will open the gateway where they operate to enable sensor owners to sell data on the platform. While 80% of the revenue transferred to the sensor owner, the port operator receives 10% and the remaining 10% transfers to the DAO to cover the operating costs.
Need to solve
• The growth of investments in this sector is staggering while the infrastructure of the market is lacking
• All data collected by IOT equipment goes to a closed warehouse. This means that in most cases, data is not monetized
• IOT sensors cost a lot of money. Maintenance is also expensive. There must be a way to earn some money by providing information to interested parties
DataBroker DAO is the first market to connect sensor owners with direct data buyers.
Of course, we should not forget about competitors. STREAMR. STREAMR focuses on replacing the IoT stack, from top to bottom, with the Streamr solution. Basically, they need to replace the industry with 30 billion sensors.
What about OceanProtocol? Their focus is a new type of network based on BigchainDB specifically to buy and sell AI data sets. The roadmap specifies several years before their solution is ready, while the DataBroker DAO will have a white labeled base by the end of 2018.
A bit of this project in general:
• DataBroker DAO is exploring the $ 600 billion IOT sensor market.
• The project has had a working prototype since the beginning of 2017
• The DTX signal will be the root password in the system. We will see how they are used in the business model
• The project created an alliance with 15 participating companies. All of them will be either consuming the sensor data or selling it to interested parties
ICO DataBroker DAO:
Before deciding to invest in an ICO project, investors need to spend time and energy researching the basic parameters of the ICO. This article will provide you with important information to know about the ICO DataBroker DAO project.
• Token symbol : DTX.
• Price: 1 ETH = 4,000 DTX.
• Presale time: March 19, 2015 — (buy minimum 10 ETH, 50% bonus).
• ICO Process Time : March 26 — April 23, 2015.
• Hardcap : 108 million DTX (currently equivalent to nearly $ 24 million).
• Co-payment accepted : ETH (Ethereum).
• Total supply: 225,000,000 DTX.
The Team:
The DataBroker DAO team consists of 13 members who are comprised of business experts, blockchain developers and engineers.
The CEO and Co-Founders are Matthew van Niekerk and Roderik van der Veer. Matthew was the Head of Platform Innovation & Development at KBC Securities Bolero from Jun 2013 to Nov 2016 before joining the DataBroker DAO team in December 2016 he has had enormous experience with several companies. His professional history along with that of the rest of the team is available on the Databroker DAO website https://databrokerdao.com with their LinkedIn and twitter profiles.
The team is a solid one and is more than capable of achieving the set goals for the project and also in due time.
The Roadmap:
Personally the most important factor I check for on roadmaps of blockchain startups is a working prototype. A lot of blockchain projects are whitepaper projects but the Databroker DAO project has already has a working Beta prototype.
A working prototype shows that this is not just a project giving empty promises but a genuine project ready to deliver the product.
The token sale is slated to happen in March 2018 and with the Mainnet release set for Q2 2018. The full project implementation with data enhancement integrations will be released in Q1 2019.
This team has worked hard to build a working platform and i am confident that they will deliver the set milestones in due time.
Conclude
Development potential :
The project is targeting a multibillion-dollar market that includes many industries such as Intelligent City, Agriculture, Education and Environmental Studies. In other words, the potential for growth is enormous. The presence of many partnerships has been established along with the creation of DataBroker DAO Alliance as a valuable proposition for the project. DataBroker DAO has a fully operational beta platform.
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Author : terry17
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