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

XYO Network - Blockchain Spy

One of the most interesting and ambitious blockchain projects of recent times is about to have its ICO and it is called the XYO Network.

It is aiming to use its vast network of connected devices in the real world to accurately track items — everything potentially from your cat to your Amazon parcel.

Then with the benefit of blockchain technology, it will use this location data to execute smart contracts for agreed actions to happen, for example to take payment for an Amazon parcel once it is successfully delivered to your home.

The ICO will start on 20th March and run until 20th May.
How the XYO Network Will Work

How will the XYO Network work exactly then?

Well, you have probably heard of the “Internet of Things.” It is the little gadgets and devices around us that will soon be talking to each other to make life easier for us all.

So for example your phone may communicate with the thermostat in your home, to get an idea of your daily routine and when you are likely to be home so that it can set the temperature to the right level for when you come in.

The Internet of Things (IoT) revolution is coming.

What XYO Network is planning to do is take the huge network of over a million GPS-tracked devices it has in the real world and connect them up to the blockchain to provide a kind of trustless tracking system that could revolutionise how we track objects according to their location and then use that information.

These devices — called “sentinels” — include everything from light bulbs to internet routers, doorbells, garage openers, cars, fridges and not forgetting the more obvious ones like phones and tablets. Or they could even be your microchipped cat.

With all of these devices linked up, they can track very accurately where something is and then use that data to execute a contract on the Ethereum blockchain.
Some Real-World Examples

Here are some examples of what this could mean in practice:
Amazon could move to a payment-on-delivery model, whereby a package is tracked until it reaches your front door and you only pay for it once it is with you.
Hotel review sites could know if people had actually travelled to stay in a particular hotel they have just reviewed, thus eliminating fake reviews.
Airline baggage could be more accurately tracked, so that if luggage doesn’t arrive, you would know exactly where it is and could track its progress back to where it should be.
Medical equipment could be followed to ensure it reaches the correct destination and on time
The tracking of pets could be used, so that if your cat went missing, you would know exactly where it was with a high degree of precision and could the appropriate authorities would be alerted to pick it up.

These are some of the obvious uses for XYO’s technology, but actually there are potentially limitless uses of it.

XYO Network’s technology could be used to track lost pets and return them safely

Where Does the Blockchain Come Into This?

Now you may be wondering — this all sounds nice, but where does the blockchain come into the picture and why is it needed? Surely these devices could just communicate with each other anyway, without needing the blockchain?

Well, XYO Network has developed special new Proof of Origin and Bound

Witness protocols and is thus aiming to make location verification trustless.

The beauty of the blockchain is that it can execute smart contracts automatically if given criteria are met.

It sets up a system that says “if x happens, then do y.” In this case, x could be “if Amazon successfully delivers a parcel to this person’s home” and y could be “take payment for said item from that person.”

So the XYO Network will combine all the connected devices of the IoT revolution with the blockchain to make pre-agreed things happen automatically and without needing a middle-man to verify them.

It is a very bold vision and if it works in practice, could make so many different tasks more efficient and transparent.

ICO Details

Here are the key details of the ICO:

Token symbol: XYO

Contract type: ERC20

ICO opens: 20 March 2018

ICO ends: 20 May 2018

Total XYO supply: limited to total number purchased during token sale, no further tokens will be created

Price: 1 ETH = 100,000 XYO initially and 1 ETH = 33,333 XYO at max

Accepted payments: TBC

The XYO Token

The purpose of the XYO Token (XYO) will be so that smart contract developers can use it to access geo-location verification from the real world.

If you have a smart contract on the XYO Network, like for example if Amazon used it with their packages to take payment on delivery of items, then they would need XYO tokens for their smart contract to make contact with the IoT devices.

This means the more usage there is of the XYO Network, the more tokens will be used.

Conclusion

There aren’t many ICOs that bill themselves as “potentially bigger than Bitcoin and Ethereum,” but with XYO Network the claim may not be as completely crazy as it at first sounds.

Yes the XYO Network is giving itself a rather audacious billing, but this is an ambitious project that — if it comes off — could have fairly profound consequences for the world around us.

The Internet of Things revolution is coming — and should make our lives easier in a lot of different ways.

The XYO Network will allow this revolution to have much greater usefulness in the real world, verifying location data and using that to execute smart contracts.

That could mean everything from verifying an Amazon package has been delivered to rescuing your stranded cat.

It’s a bold vision but if it comes off, could be one of most significant blockchain projects we have seen.

Know more of them by visiting these links below

Website
https://www.xyo.network/

Bitcointalk ANN

https://bitcointalk.org/index.php?topic=3040825.0

Twitter

https://twitter.com/XYOracleNetwork

Facebook

https://www.facebook.com/xyonetwork

Telegram

https://t.me/xyonetwork

Blog

https://medium.com/@XYOracleNetwork

CREATOR

aervin11

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