DataBroker DAO - Not Sensored Data

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)

- Most of the time, data is used by sensor owner or re-sold
    - 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

Roadmap

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

Twitter
https://twitter.com/databrokerdao

Facebook
https://www.facebook.com/DataBrokerDAO/

Telegram
https://t.me/databrokerdao

Reddit
https://www.reddit.com/r/DatabrokerDAO/




CREATOR
aervin11
https://bitcointalk.org/index.php?action=profile;u=1196880
ETH Address
0xc1CF7Ca561ac80e66cDA5FD113090eC837465b37

DataBroker DAO - Data Marketplace

DataBroker DAO - Data Marketplace

At 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.
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

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.
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

They also have an alliance on Panasonic, Option, Technilog, Settlemint (the founders of DataBroker DAO own this platform) and many more.

CONCLUSION

They 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

Website

https://databrokerdao.com/

Ann Thread

https://bitcointalk.org/index.php?topic=2113309.0

Whitepaper

https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf

Twitter

https://twitter.com/databrokerdao

Facebook

https://www.facebook.com/DataBrokerDAO/

Telegram

https://t.me/databrokerdao

Reddit

https://www.reddit.com/r/DatabrokerDAO/

 

CREATOR
aervin11
https://bitcointalk.org/index.php?action=profile;u=1196880

ETH Address
0xc1CF7Ca561ac80e66cDA5FD113090eC837465b37