DATABROKER DAO
As the data collection technology evolves at an exponential rate, we are witnessing the quality of life improvements across the board where this data can be used. However just collecting data is not sufficient to take advantage of the technological era we currently live in. Advanced machine learning algorithms and statistical models can be applied to terabytes of data, and the results can be sometimes surprising. Simply put, if you can collect data you are able to make inferences on said data and give more options to the decision makers.
Given the competitive nature of today’s market being able to leverage your collected data can make or break a business. Big companies like Netflix, Uber or Google known very well the advantages of managing and making sense of the data as with the help of these processes they gained their competitive edge, above and beyond. That being said, not every company has the financial capabilities of these companies that invest large sums of money in research and development. The smaller companies need a way to stay relevant in today’s market through some other innovations that will allow them at least a fighting chance against these giant companies.
The Internet of Things
The Internet of Things consists of a solid network of devices with electronics, software, and sensors, in which data are exchanged and analyzed. As you all know, the IoT has been transforming the way we live, mostly since the last two decades, from efficiently managed energy resources to advanced healthcare solutions. Researchers estimate that by 2020, the IoT will consist of 30 billion of objects (Nordrum, 2016).
The Challenge
As technology is expanding and developing now in almost every area of our lives, it is normal to believe that it should be accessible to us, since it has such a significant impact. Overall, billions of hundreds of dollars are spent each year to buy and maintain billions of sensor data in the IoT marketplace. These numbers are enormous, and while the investment in IoT is keep growing, the high operation costs represent an entry barrier. Besides, all the data collected by these devices is locked in silos, and hence, inaccessible.
DataBroker DAO brings the Solution
Being the first marketplace for IoT sensor data, DataBroker DAO comes with a solution to this challenge with their peer to peer ecosystem that allows sensor owners to sell data and connect to people around the world who are interested in buying IoT sensors. Their vision can contribute to a wide range of sectors and will open opportunities for various industries. Here are some of the advantages that come with the DataBorker Dao platform:
- sensor owners can monetize their data
- redeem some of your sensor costs
- gain access to thousands of sensors
- turn your expenses into investments
Who will benefit?
Apart from the sensor owners who will obviously benefit from this global marketing of IoT movement, the main targeted groups that will win something are the network operators, sensor manufacturers, smart city initiatives, agriculture sector, and academics.
DTX TOKEN
With the help of blockchain technology, DAO enables sensor owners to turn generated data into an influx of revenue. The payment instrument for the exchanges made between sellers and buyers will be the DTX token, a utility ERC20 compliant token created for DataBroker DAO platform.
The pre-sale for this token will start on March 19th, 2018 and the main sale will begin on March 26th, 2018 running for four weeks. By looking at the market predictions, DAO team determines the maximum number of tokens they will have issued to be 225 million corresponding to the total number of sensors on the platform, by 2024. 47% of tokens, meaning 108 million will be distributed during the sale event, and 30% or 67 million tokens will be locked for three years, until January 2021.
The project has already developed a fully functioning Beta versionplatform. This is available to everyone who wants to have a try and gain some insight of how selling and buying data would work on DataBroker DAO. In this way, if you’re planning to join them, this version allows you to get used with the main features of the platform like the wallet functionality, sensor data streams, sensor details and dataset listings.
Solution offered
DATA BROKER DAO is creating a platform for the buying and selling of the IoT sensor data. A platform that facilitates the direct interaction between the Data owners and data buyers based on the blockchain technology. The sensor owners, data buyers, data processors and gateway operators are part of the marketplace. They have also been called eBay for IoT Sensor Data. Sensor Owners have a great opportunity to earn revenue by monetizing their data to recover the investment made in the sensor.
Data Processors can create services and sell it to customers utilising the Sensor Data. They have launched a beta version of the platform for the public. Some of the core features of the platform are Wallet Functionality, sensor data stream listings, sensor details and dataset listings. They have a traditional governance mechanism until the active participation of the community and industry does not take place.
ICO INFORMATION AND TEAM
The team has decided to include people to be part of the project. The DTX Token is an ERC20 compliant. 48 % of the tokens are reserved for the ICO. The token presale starts form the 19th March 2018. The Main Token sale starts from March 26th, 2018 until April 30th, 2018. The proceeds from the funds will be utilised for the development and marketing of the platform.
As the team believes in the Power of blockchain technology to revolutionise the sensor data market, they are not underestimating the power of the People involved in the process. DATA BROKER DAO team has experience in the business development, startups and technology.
Conclusion
The concept of smart home, smart cities, intelligent transportation and smart grid has come into human mind due to the IoT sensors. It is believed that there are more than 9 billion IoT sensors worldwide. According to an estimate, more than 30 billion objects will be connected through IoT by 2020. IoT Sensor market is estimated to reach 1.6 trillion dollars by 2024, according to an estimate. The market is moving at a rapid rate as more and more people are investing in the IoT sector.
Organisations have become more technology savvy and wish to utilise the power of IoT to increase efficiency in their Business operation. They have analysed their Platform on the basis of the McKinsey report which mentioned about the six pillars of the IoT Sensor data Marketplace. They are doing admirable progress in the development of the platform for completing the launch of the platform in this year only. They have formed a DATABROKER DAO alliance to create an ecosystem of collaborative effort and action towards the development of sustainable solutions in the IoT.
As many as seven companies have joined the alliance. In future, they are creating applications which can be integrated with the other platforms, where sensor owners can find a direct option of selling their data to the third party. A transparent platform is here to sell your data to the people you choose.
Further information
OFFICIAL LINK: https://databrokerdao.com/
TWITTER: https://twitter.com/databrokerdao
FACEBOOK: https://www.facebook.com/DataBrokerDAO/
TELEGRAM: https://t.me/databrokerdao
By. penikmatsenja
ETH Addres : 0x478A431b1644FdC254637d171Fa5663A739f8eF2
Komentar
Posting Komentar