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Databroker DAO Launching IoT Sensor Data Marketplace

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The DataBroker DAO platform aims to provide opportunities or IoT sensor data which is currently stored away in data silos of organisations around the world. IoT sensor deployment is on the rise with industries, governments, research bodies and other sectors estimated to be spending hundreds of billions yearly on purchasing and maintaining IoT sensors.

There are already more than 9 billion IoT sensors deployed globally to measure everything from the temperature to traffic congestion to the fullness of waste bins. The owners of these sensors are very diverse, covering every industry imaginable as the world approaches a highly connected, ‘smart everything’ world. These sensor owners make the investment to gain further insights ultimately to improve their operations or service offering.

This data represents considerable business value for these companies but it also represents considerable potential value for third parties that would be interested in purchasing the data for other purposes. Using the DataBroker DAO ERC20 token, DTX (DaTa eXchange), DataBroker DAO users gain access to IoT data. Sensor owners connect with data purchasers, enabling them to monetise their data and recoup costs while data purchasers gain access to previously inaccessible data.

DataBroker DAO intends to function as the Amazon or Alibaba marketplace that will unlock the value locked in IoT data. Sensor owners place their data up for sale priced in DTX and secure the integrity of their data by staking DTX tokens. Data purchasers can buy access to the data using DTX.

The scope of benefits that a IoT marketplace can provide are huge, Public Transport, Environmental Agencies, Academics, Smart City Initiatives, Energy corporations and so on could all be reaping the huge win-wins that an IoT sensor data marketplace could bring.

Beginning on the 19th of March, 2018, the DataBroker DAO token DTX will be available at a base rate of 1 ETH (Ethereum) = 4000 DTX. Pre-Sale participants will receive a 50% bonus; the minimum purchase during this period is 10 ETH. The Main Sale will begin on the 26th of March, 2018 and run for four weeks with a first day bonus of 10%. The company aims to have the cost of 1 DTX token cover the average value of the data from a sensor for one week.

Matthew Warner
Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.