While the internet remains at a degree neutral and its’ services and products like facebook or google are apparently free; they do come at a cost. Usually, you cannot quantify this value at a personal level but the information these big corporations collect day to day from you by using their products is invaluable. Granted, they provide quality service in return but the collection of data an implied factor and sometimes the methods used to tread on morally grey areas. Essentially, you pay for their services with your privacy most of the time.
Databroker DAO aims to address this issue by creating a decentralized global market for data.
Companies are spending billions yearly to buy and maintaining IOT sensors for collecting data. As the growth in the field continues on an exponential curve, the high operation costs represent a huge barrier to entry for smaller companies that would like a piece of the data “pie.” That being said, the big companies that collect and stock this sort of data keep them most of the time locked up in data silos.
DataBroker DAO has formed an alliance to help facilitate this potential collaborative ecosystem. At the moment 15 companies have formally joined the venture, signaling a strong start on the market. They include players from various industries, ensuring the diversity of the data available on the platform.
The ones who earn it
Sensor owners (data providers) will be able to monetize their data directly and thus generate passive income that will turn an initial long-term cost into a potential money maker right off the bat while giving the opportunity to recoup some of their initial investments. A sensor owner will earn up to 80% of the amounts received and will pay just a small recurring fee for putting the sensor available on the platform. Data buyers and data processors alike will get the data as a service, so there won’t be a need to make any upfront investment in hardware to get the data suited for their needs.
Gateway providers: To gain scale and speed in the adoption of their network/devices as the partner connected to DataBroker DAO, gateway providers will be presented with a win-back to their enterprise accounts. These gateway operators are the gateway through which the data will flow to the DAO, and as such, they are also paid out immediately for each sale in the platform going directly through their gateway.
The DTX Token
The DTX token is categorized as a utility token within the Databroker DAO platform. At its’ base stands an ERC20 compliant system with 18 decimals. The token will act as credits to buy and sell sensor data within the platform. The end goal is to appreciate 1 DTX token to cover the average value of the data from a sensor for one week. Thus allowing for a satisfactory level of granularity (at 18 decimals) to work with micropayments, even after significant growth and price increases. The maximum number of tokens issued will be 225 million; DTX picked this amount to correlate with the growth of sensors available on the platform by 2024.