Databroker DAO: The Pioneer Decentralized Platform For IoT Sensor D...

INTRODUCTION

There are millions of IoT sensors deployed all over the world and these sensors are constantly generating and transmitting data as long as they're in use. The Internet of Things (IoT) have seen a massive application in recent years, which means that more things which were formally mere objects are now connected to the internet and virtually given a mind of their own to act and respond to their environment without human intervention. This feat is achieved through sensors that are designed to sense specific factors in the environment. The IoT application can be seen in almost every facet of life, from something as dainty as a little girl's doll to something as complicated as a jet engine or smart electric meters, all of which generate data.

Suffice it to say that data is the lifeline of any establishment or organization and as such, billions of dollars are expended annually by companies, organizations, governments and individuals to purchase data.
Most times the data available for sale are usually substandard and may not add value to the buyer or may even end up damaging the business it was meant to enhance. For this reason, it becomes imperative for data buyers to source for trusted data and at affordable costs that wouldn't eat up the profit margin.

UNLOCKING THE UNTAPPED DATA GENERATED FROM IOT SENSORS

By the year 2019 there will be an estimated 32 million IoT sensors deployed around the world and generating data worth about 600 billion dollars. All these generated data, all 600 billion worth of it, are routed through gateway operators and locked up in walled gardens or data silos.
Now, imagine what it will be like having unhindered access to the stored data generated by these IoT sensors and applying them to your business or enterprise. And the best part will be having the access via a decentralised and democratised platform that cuts out the centralised and too expensive traditional data providers.

INTRODUCING THE DATABROKER DAO NETWORK

Databroker DAO is a blockchain powered platform that is pioneering the buying and selling of IoT sensor data on a decentralised platform. Databroker DAO is leading the revolution on how data is accessed and has lots of benefits for all parties including sensor owners/manufacturers, gateway operators and data users.
Databroker DAO is designed to make IoT sensor data available to buyers across the globe so they can be used for productively instead of staying locked away in data silos and walled gardens.

WORKING MECHANISM OF THE DATABROKER DAO PLATFORM

The platform has a straight forward interphase built on the open-source Ethereum network utilizing self-executing smart contracts for transactions. IoT sensor owners deploy their sensors which then generate and transmit data that is channeled through gateway operators. The gateway operators which may be telecom companies, sensor panels or networks will have their own Ethereum mainnet blockchain node on top of which the open-source Databroker DAO distributed API will be run. The buyers will purchase access to sensor data on the Databroker DAO network dAPI which is interacting directly with the gateway operators Ethereum mainnet blockchain node. Data generated from the client's IoT sensors are sent via the gateway operator's data center on to the dAPI where the buyer who has access and requested for data is checked and then the data is sent to the destination specified by the buyer on the internet.
Since the gateway operators are configured already to deal with generated data from clients, sending purchased data to specified address on the internet becomes a simple extension of service.

The Databroker DAO mechanism is replicated with numerous gateway operators in all parts of the universe so anyone anywhere can access data from anywhere on the globe. This defines the globalization and accessibility of IoT sensor data.

BENEFITS OF DATABROKER DAO TO SENSOR OWNERS, GATEWAY OPERATORS AND DATA USERS

IoT sensor owners and manufacturers stand to gain a lot from the Databroker DAO platform because they will have an additional stream of income generated from selling data accruing from their sensors. For every successful sale transaction on the platform, sensor owners get 80% of the proceeds while the platform and gateway operator share the remaining 20% equally.
This way sensor owners can recoup some of the production costs and have an unlimited income source afterwards.

For the gateway operators, Databroker DAO platform provides a means of scaling operations and faster adoption of their networks while also earning 10% of every successful transaction.

Data users or buyers are assured of verified and global data at a very cheap and affordable rate. There will no longer be any need to go through data providers who often inflate the cost of data and makes it inaccessible to those that need it.

DATABROKER DAO TOKEN DETAILS

The Databroker DAO token DTX is the native crypto currency of the platform and is used to pay for all transactions therein. It has a fixed amount and is an ERC20 compliant token. The token sales is currently ongoing and selling out fast.