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DataBroker DAO – the first marketplace to sell & buy sensor data

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.

A wide range of parties will benefit greatly from their platform:

  • Sensor owners
    Are able to 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
    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
    Can stop the “race to the bottom” for production and pull resources and capital out of manufacturing and allocate these to profitable SaaS offerings.
  • Smart city initiatives
    Can limit the upfront cost of populating the town with sufficient sensors and turn the expense into an investment with a 2-3 year payback period and a continuous income stream after that.
  • Agricultural sector
    In the Agricultural sector in Belgium today, 10% of farmers are “techie”. They deploy sensors include for wind, temperature, barometric pressure, humidity, PH level in the soil. The platform will provide the possibility to recoup some of this cost.
  • Academics
    Can get access to thousands of sensors and can buy data directly and more cheap on the marketplace, cutting out established data providers.

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.

Since the gateway operator is already set up to deal with the data their clients generate, routing purchased data streams to a location on the internet is a straightforward extension. For doing so, the gateway operator is awarded 10% of each transaction in DTX tokens. The platform also earns 10% and, most importantly, the lion share goes to the sensor owner receiving 80% of the proceeds.

The benefits

 
Sensor ownersAre able to 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

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

Can stop the ‘race to the bottom’ for production and pull resources and capital out of manufacturing and allocate these to profitable SaaS offerings.

Smart city initiatives

Can limit the upfront cost of populating the town with sufficient sensors and turn the expense into an investment with a 2-3 year payback period and a continuous income stream after that.

Agricultural sector

In the Agricultural sector in Belgium today, 10% of farmers are ‘techie’. They deploy sensors include for wind, temperature, barometric pressure, humidity, PH level in the soil. The platform will provide the possibility to recoup some of this cost.

Academics

Can get access to thousands of sensors and can buy data directly and more cheap on the marketplace, cutting out established data providers.

The DTX Token

The DTX token is a utility token in the Databroker DAO platform14.5% is reserved for team incentives over the coming 4 years. The majority of this team fund will be distributed to team members joining the project and will be vested in stages over 3 years, and the unvested tokens return to the fund in case the team member leaves the team. The rest is distributed to current team members and advisors. An additional 10% is reserved for the platform fund. The majority of these tokens will be used to allow enterprise users to buy tokens using fiat currency to ease adoption of these crucial users. This will happen if no other solution via exchanges can be found, and gradually over the next 4 years as not to influence the market. Their earliest supporters, those who purchased the old DATA token, will get an equivalent of their original ETH investment at current prices in DTX tokens at a bonus rate of 60% to reward them for their trust in the project. This amounts to 6,5% in total.


For more information, visit the Website or read the Whitepaper.

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