DataBroker DAO - Not Sensored Data
Here I will tell you a brief summary about DataBroker DAO.
On how you could understand the project and helps you decide whether if this is a good investment or not.
So, here's the breakdown.
Databroker DAO - A Decentralized Sensor Data Marketplace
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.
Data from the Internet of Things
- Consumers, researchers, companies are all buying increasingly more IoT sensors to capture data
- Can be used to improve processes or provide more services
- Global IoT market over $600B per year (Verizon)
- Either way, it remains very siloed
- More value can be extracted from the date for sure
- Hard Problem : How to fee that data from it's silos?
Databroker DAO solution
- Create a secondary market for sensor data
- "eBay or Amazon for IoT sensor data"
- Powered by Ethereum Smart Contracts
- Gateway operators set up to accept sensor data and route it to buyers
- Run Ethereum node + Databroker DAO distributed API
- Will be set up around the world - global marketplace
- Use DTX toke (ERC20) for access, incventives, purchases, and platform fees
- Why Blockchain?
- Micropayments for large, global, trustless ecosystem
Platform core Components
- Registry of sensors and date streams
- Sellers "stake" tokens to list on reistry
- If bad data, they can be "challenged" by buyers and lose their stakes
- Identity management via smart contracts
- Sellers own their data while operators or large scale buyers while end-user existing interfaces
- Data distribution/Storage
- dAPI connected to leading IoT/Big Data storage vendors, also anchor batches of data on blockchain
Beta Platform
They also have their Beta Platform
Here's the link : https://beta.databrokerdao.com/account
Major Participants
- Sensor owners
- Bought IoT sensors and have a lot of data to potentially sell
- Data Buyers
- Purchase the data to use it (e.g. Improve their machine learning models)
- Data processors
- Buy the data to enchance and re-sell it or handle it for their clients
- Use this additional data to aument data from other sources
- Can offer improved services to their clients
- Gateway Operators
-Open up their network for data to be sold on platform
Value proposition & incentives
- Sensor owners
- Menetize their investments (pays for itself)
- Gets 80% of amount of each sale
- Data Buyers
- Access to date previously unavailable to them
- Don't have to spend money buying their own sensors
- Gateway Operators
- Instant more adoption and usage of their Networks/Devices
- Also gets 10% of each sale
- The platform ( DAO )
- Gets 10% of each sale to cover operating costs
Who will have the data to sell?
Who will buy the data?
- Academic Researchers
- Research projects need a lot of data to build models or draw conclusions
- Government Agencies
- Glean insights from data for potential policy initiatives
- Energy Corporations
- Inform business decisions like where to start solar farm
- Entrepreneurs
- Build apps on top of data
- And more!
Databroker DAO Alliance
And that was all for DatabrokerDAO, I hope this could help you on your future decisions regarding the project
(Disclaimer : This is not an investment advice, the content is solely the perception of the author)
For more information about the project, you can visit these links below
Website
https://databrokerdao.com/
Ann Thread
https://bitcointalk.org/index.php?topic=2113309.0
Whitepaper
https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf
https://twitter.com/databrokerdao
https://www.facebook.com/DataBrokerDAO/
Telegram
https://t.me/databrokerdao
https://www.reddit.com/r/DatabrokerDAO/
CREATOR
aervin11
https://bitcointalk.org/index.php?action=profile;u=1196880
ETH Address
0xc1CF7Ca561ac80e66cDA5FD113090eC837465b37
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