DatabrokerDAO ICO details
Start Date: 2018-3-19
End date: 2018-3-25
- Site: DatabrokerDAO site
- Twitter: https://twitter.com/DataBrokerDAO
- Facebook: https://www.facebook.com/DataBrokerDAO/
- Github: https://github.com/DataBrokerDAO/
- Reddit: https://www.reddit.com/r/DatabrokerDAO/
- Bitcointalk: https://bitcointalk.org/index.php?topic=2113309.0
- Medium: https://medium.com/DataBrokerDAO
- Telegram: https://t.me/databrokerdao
Databroker DAO – Global market for local 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.
With DataBroker DAO, we aspire to unleash long-tail creativity with the use of sensor data to facilitate the conversion of incredible ideas into value adding services. By providing a distributed foundational layer for the buying and selling of IoT sensor data, we expect that unimagined uses of data that exist in the hearts and minds of entrepreneurs, researchers and organisations around the world, will emerge to create incredible value adding services that enrich the quality of life in our cities and our societies as a whole.
The global market for IoT sensors has surpassed 600 billion USD per year including the purchase, installation and maintenance of sensors and the acquisition of software packages to interpret and enrich the data. The data resulting from this investment is for primary usage by the sensor owner or enhanced with value-added insights and resold.
Whether for primary usage or for enrichment and re-sale, the data remains grossly underutilized and the utility for society locked away in organisational silos. By connecting data owners with 3rd party data consumers directly, DataBroker DAO provides a marketplace where IoT sensor data can be fully valorised outside of the primary silos in which it is locked today.
In this sense, DataBroker DAO can be likened to a “secondary market” for IoT sensor data and has been referred to as an “eBay” or “Amazon” for IoT sensor data.
A wide range of parties will benefit greatly
- 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.
Can get access to thousands of sensors and can buy data directly and more cheap on the marketplace, cutting out established data providers.