DATABROKER DAO: The Global Market for Local Data

DATABROKER DAO: The Global Market for Local Data | Ecency

In years to come, any device without without IoT (Internet of Things) capabilities will be bought at high prices, because they will lack data that can be harvested by manufacturers. This very data is what makes the IoT such an interesting proposition for enterprises. Even though this data comes with some certain risks, along with a number of other notable problems associated with the IoT, enterprises will overcome this difficulties in the coming years because of it's importance.

The Internet of Things (IoT) in this little time from it's introduction has gone from mere technology or set of technologies that were highly advance to the situation today where connected household items, or automobiles, are common. However, growth is only really gathering speed now with estimation from different companies that the Internet of Things could have as many as 50 billion connected devices by 2020.

Another idea the sets to improve the technology behind internet of things is Databroker (DAO), the blockchain project aims to unleash the data that exists in the hearts and minds of entrepreneurs, researchers and organizations around the world by creating an environment that enables the buying and selling of IoT sensor data. This process will create value added services that will enrich the quality of life in the entire world.

What is DataBroker DAO?

DataBroker DAO is a blockchain project that wants to revolutionize the data market by creating a decentralized marketplace that will allow IoT sensor owners to fully exploit this data by monetizing it.

The idea behind this project is to utilized those smart objects that surround our daily lives, smart objects like smartphones and fitness trackers that absorb information through sensors. Most of this information are used for just a particular purpose in as much as they could perform other tasks, but they are either wasted or ignored. DataBroker want to use blockchain technology to monetize all that sensor data with an open market place.

Benefits Of DataBroker DAO.

Sensor owners

Sensor owners will be able to monetize their data and turn a retrospective cost into a potential money, they also enjoy the possibilities of recovering their investments in IoT sensors.

Network operators

Network operators will ain scale and speed in the adoption of their network as connected telcoms can present a win-back to their enterprise accounts, a clear USP.

Sensor manufacturers

DataBroker DAOwill enable sensor manufacturers to stop the "race to the bottom” for production and pull resources and capital out of manufacturing and allocate these to profitable SaaS offerings.

Use Cases For DataBroker DAO

If you really want to understand how dataBroker DAO works, the use cases will give you a pure example of how the blockchain project will enrich the society to a better place. Here are some of the use cases of DataBroker market place.

Academics: Universities and colleges will have access to data from multiple & lots of sensors at minimum rates from the marketplace, increasing the potential of research projects and opening up a wider world of data. This process will kick out established data providers.

Agriculture: With Sensors for wind, temperature and other farm functions placed across different places in the world, Farmers will get reliable information that will increase farming effectiveness and efficiency.

Environmental Studies: Environmental agencies can gather data from millions of sensors to understand environmental changes and where to act. Instead of relying on centralized weather stations, they can get instant, live looks at sensors in specific locations – from the tops of mountains to the middle of cities.
Smart Cities:

Smart city initiatives DataBroker DAO envisions a future where Smart City initiatives can limit upfront cost of population towns with sensors and turn expenses into investments with a 2-3 year payback period and a continuous income stream after that. This means that cities that install IoT devices with sensors can recoup some of the costs by selling IoT sensor data to environmental agencies or farmers.