DataBroker DAO - Data MarketplaceAt the moment, Im having a problem looking for most qualified ICO's that would use the blockchain's ability really well. I doubt every project because they are crowdfunding using the blockchain but the business itself is unrealateable to it.
Presenting "DataBroker DAO - Data Marketplace"
What this project/platform would basically do is to be a marketplace for sensored data, from the sellers like Information and Entertainment, Banking and Securities and many more and the buyers? That would be Environmental agencies, Energy corporations, and the people who are interested about innovation but needs more information reagrding the subject, DataBroker DAO has a solution.
Join me as I dig the project.
WHAT IS DataBroker DAO?
a peer to peer marketplace created to provide IoT sensor owners with a clear path to data monetization and data consumers with a decentralized market to buy IoT sensor data. (Whitepaper)"The intersection of IoT and blockchain is enormously promising.I see DataBroker DAO a huge help for the world as it would be a new type of marketplace for sensor data's that are usually on primary silos in which it is locked today.
For sensor- owning organizations, the ability to use an immutable ledger to store data, ensure its integrity, and provide a clear path to data monetization, is a stellar example of the promise of blockchain. The value of the IoT sensor market is greater than USD 600 billion per year, and is expected to double in the next three years, simply for primary usage of the data by the sensor owner! The magnitude and potential value of a marketplace for data-hungry third parties is staggering. I believe that what online retailers like Overstock.com have done for making physical goods accessible online, DataBroker DAO will do for sensor data.”
PATRICK BYRNE
CEO and Founder of Overstock.com
Just think of eBay or Amazon but for Censored Data's.
Breakdown on how DataBrokerDao's operation
WHY USE BLOCKCHAIN?
Blockchain - is an open innovation without permission. Blockchain would change the world because everybody can create their invention on a public ledger transparent to everyone.From a marketplace perspective using the public Ethereum chain enables the use of a fully built out financial ecosystem, with minimum of fees. Traditional fiat payment processors charge between 1 and 3% for money in and money out, while a purchase using the utility token costs around 0.003 USD7 in fees for purchases of any size.
Taking over IOTA?
WHO WILL SELL DATA?
There are a number of data sellers identified and the overview of the sector salready investing in sensors from Gartner highlights the key potential sellers of data for the years to come. The diagram below identifies the 2 groups (business, consumer) and the sub- groups that constitute each. It is clear that the business group is the main driving force in sensor deployment globally.
WHO WILL BUY DATA?
Aside from the data processors in the ecosystem, any company
looking to commercialise a product that is data driven is provided with
the opportunity to develop the product without having to invest in the
hardware. The potential buyers are extremely broad.
SUMMARY
The stakeholders in the IoT space have a lot to gain:- Sensor owners can monetize their data and turn a sunk cost into a potential money maker and at least the opportunity to recoup some of their investments in IoT sensors.
- Network operators acting as gateway operators gain scale and speed in the adoption of their network as connected telcos can present a win-back to their enterprise accounts, a clear USP.
- Sensor manufacturers acting as gateway operators can stop the “race to the bottom” for production and pull resources and capital out of manufacturing and allocate these to more successful SaaS offerings.
- New types of buyers have unprecedented access to data and options to monetize their own data, in this category we see the entire booming and vibrant startup scene.
- Data processors have an ecosystem to sell their services to the right people.
DataBroker DAO has already it's alliance to help facilitate this collaborative ecosystem.
PARTNERS
CONCLUSIONThey have a clear Roadmap, well experienced team on the blockchain and IT, and I think their project is what we need. Oh! they also have beta platform so you can check and it's live @ https://beta.databrokerdao.com/
For more information about the project, you can visit these links below
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