DATABROKER GLOBAL MARKET FOR LOCAL DATA

WHAT IS DATABROKER DAO?

DataBroker DAO is the first marketplace to sell & buy sensor data. As a decentralized marketplace for IoT sensor data using Blockchain technology, Databroker DAO enables sensor owners to turn generated data into revenue streams. This will open up a wealth of opportunities for various industries. Data will be used and become more effective.

With DataBroker DAO, we aspire to unleash long-tail creativity with the use of sensor data to facilitate the conversion of incredible ideas into value adding services.

By providing a distributed foundational layer for the buying and selling of IoT sensor data, we expect that unimagined uses of data that exist in the hearts and minds of entrepreneurs, researchers and organisations around the world, will emerge to create incredible value adding services that enrich the quality of life in our cities and our societies as a whole.

DATABROKER DAO IN 30 SECONDS

Today companies make use of sensor data to optimize and monitor their operations. The result is a single purpose data landscape. DataBroker DAO drives the evolution towards truly ‘smart living’ by making this data easily accessible to cities, organizations and entrepreneurs at an affordable price. Check out our video to learn more.

THE CHALLENGE

Individuals, companies, researchers & governments are spending hundreds of billions each year on buying and maintaining IoT sensors.The growth of the investment and applications in IoT is truly staggering, and yet, all data captured by these devices is locked up in silos and walled gardens.

On its path from sensor to silo, all this data flows over gateway operators like telecom companies, networks and even the control panels of the sensor manufacturers.

These sensor owners usually have a two year business case for their placement and the data they generate. The primary marketfor these sensors is expected to reach 1.2 trillion USD in 2019, and estimating that at least 10% of the data generated is sought for others (1-3 times), the value of data locked away will reach 120 billion next year!

THE SOLUTION

Using a smart contract based marketplace on the Ethereum network, it becomes possible to unlock this value. Via their gateway operator, the sensor owners place the data generated by their sensors up for sale (while staking some of their DTX tokens), and buyers can discover and purchase access to the data using that same DTX token.

The gateway operator will run their own Ethereum mainnet blockchain node and run the open-source DataBrokerDAO dAPI (distributed API) on top. Data generated by the sensors of their clients is sent (within the same datacenter) to their dAPI which check who has purchased access and send the data directly on to the location specified by the buyer on purchasing.

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