Recently they have been a lot of new platforms created for the purpose of helping us to monetize and safeguard our data but all these platforms concentrate solely on our personal data , no platform has ever considered making a platform that will help us monetize the large amount of IOT sensor data we produce until now with the coming of databroker DAO .
The data that are produced when we use IOT sensor devices are many we don't see this because when we purchase any IOT sensor device we purchased it to service a specific purpose but collectively when you calculate the number of IOT sensor devices that are purchased you will see that the data produced are many, for example you purchase an IOT sensor device to help you on your farmland and other person will purchase it to help him during his exercise and there are other many uses of these devices, when we use the data provided by these devices there are no longer useful to us because they have served their purpose so we get rid of them.
Collectively the data we get rid of is worth about 60 billion dollar per year you see this data we get rid of is actually worth alot, the reason why it is worth alot is because there are other companies that need this data for their industries , for research that is why they need it and they are willing to pay for it .
DatabrokerDAO will create a market place where buyers can buy this data from sellers who are willing to sell their used up data, the marketplace will be based on the blockchain and its will be decentralized . DatabrokerDAO I will use the gateway that our data passes through before they are locked away to create this market.
Every user has the right to sell his data to any buyer willing to buy it and he gets paid using DTX token. The buyer easily searches for the specific data he needs and when a match is made the platform would use the smart contract to connect the buyer and seller and make the transaction possible.
But before seller can sell his data you will have to pass thier KYC and set his profile his, he's profile details will not be revealed to any third party only the platform will have that information making your privacy safe.
The token that will be used for the transaction on the platform is called DTX and it will be the token that will be available for purchase during the ICO .
For more info on this platform kindly visit.
Website : https://databrokerdao.com
Telegram : https://t.me/DataBrokerDAOBounty
Bounty thread : http://bit.ly/2Edmcn9
Whitepaper : https://goo.gl/YLzVGF
Original by AhmadBello99.
https://bitcointalk.org/index.php?action=profile;u=1815340;sa