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Databroker DAO is the first blockchain marketplace to buy and sell Internet of things (IoT) sensor data. The DataBroker platform seeks to create endless opportunities, which are currently restricted by IoT sensor data being locked and stored away in the data silos of organizations around the world. Currently, a variety of sectors including governments and research bodies spend hundreds of billions USD to purchase and maintain IoT sensors, contributing to an enormous growth in IoT sensor deployment.
The Potential of Sensory Data
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 come from a variety of diverse positions in almost every industry, all contributing to the approach towards a highly connected, “smart” everything world. The motive of these sensor owners to invest are the further insight into how they’re the operations or service offerings can be improved.
While this represents considerable business value for these companies, it also represents considerable potential value for 3rd parties interested in purchasing the data for other purposes. By using the Databroker DAO ERC20 token, DTX (DaTa eXchange), Databroker DAO users of all types can gain access to an immense amount of IoT data. The platform allows for sensor owners to connect with data purchasers, enabling them to monetize their data and recoup costs. Data purchasers have the opportunity to gain access to previously inaccessible data, unseen by the public.
Sensor Data in the Consumer Market
More than 500 companies participate in the 150 billion USD per year market of procuring, enriching and selling value-added insights from data. As society continues in the direction of demanding ‘’smart’’ consumer products, data has the potential to become one of the most valuable resources to meet those needs. This demand is enhanced even further by the trend of rapid advancements in Artificial Intelligence (AI).
Databroker DAO is a consumer marketplace that can safely store sensor data. Owners of the data place their offerings on the platform priced in DTX and secure the integrity of their data by staking DTX tokens. Those on the platform looking to purchase data simply buy access using DTX.
An IoT marketplace advertising sensory data such as this can be an asset for multiple sectors, including public transport, environmental agencies, academia and smart city initiatives. The ability to access this amount of previously unutilized data has the potential to propel innovation at an unprecedented rate and standard.
The Token Sale
Began on March 19th, 2018, the Databroker DAO token DTX will be available at a base rate of 1 ETH (Ethereum) = 4000 DTX. Pre-Sale participants receive a 50% bonus; the minimum purchase during this period is 10 ETH. The Main Sale will begin March 26th, 2018 and run for four weeks with a first-day bonus of 10%.
The DTX Token
DTX (Data eXchange) is an ERC20 utility token to be used within the Databroker DAO platform serving as the credits to buy and sell data. The goal is to have 1 DTX token to cover the average value of the data from a sensor for one week.
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This is a submitted sponsored story. CCN urges readers to conduct their own […]