The Fate of IoT Sensor Data
It is common practice, though not encouraged for possessors of Iot sensors to generate data and then leave them to lie fallow for an immeasurable length of time. This creates a dearth of data for markets in serious need of such generated data.
With Databroker DAO, a market is created where buyers and sellers of IoT sensor data can congregate in harmony, linked by a unilateral desire for profit and usability. While drawn by their needs and possessions. Data monetization is made realistic. Data hoarding becomes a thing of the past.
Sensor owners who have purchased various sensors from various manufacturers turn out to be the top gainers in this system. This is simply due to the fact that they have attained the “Data Providers” status. All data providers make the flow in the system possible while Databroker DAO provides the enabling platform for any such profitable communication.
For the gateway providers, they enjoy ready patronization based on the constant movement of data in the system, and hence the need for channels through which to route them. Users would have to utilize their networks as they would’ve been adopted as official Databroker DAO gateway partners.
For a period of time, Sensor manufacturers would experience a boost in sales of their various sensors, as sensor owners would be seeking to expand their data reach and coverage so as to be able to cater for a greater demand for sensor data. However, in the long run, as stability comes, there would no urge to further acquire more sensors as the system might already be saturated with deployed sensors.
Hindrances to the Achievement
The prima obstacle that could pose a problem for the dream is the unavailability of data sellers. Sourcing for owners of sensor data has to be carried out and they must be made to see viable reasons why it would be profitable for them to let go of such data. Incentives have to placed to attract these owners as they happen to have the major roles to play, being the major stakeholders of the system. Without available data, there would be no data market. And the sensor owners provide the available data. Hence, special attention has to be given to the manner in which data owners would be gathered. Sustainability would be hinging on the retaining of such stakeholders.
Pillars of an Ideal Data Marketplace Structure
For an IoT sensor data market to survive, there are key things that must be placed under due consideration. They are:
Accessibility and discoverability: There would be no point in a data market if it can’t be found. If users still find it difficult to have access to the data claimed to have been made available, then the whole idea of creating a market would have been defeated. When implementing a market structure, care must be taken in choosing a platform. Such platform ought to be readily accessible to users searching for them to utilize in assuaging their thirst.
Cross flexibility: The market structure must be able to offer interoperability with different devices and industry. It should support the cross flow of operability across platforms.
Consistency: Data delivered in the marketplace must be of a consistent quality. This instills a level of confidence in the value of services provided on the market forum. This should be entrenched in agreements made with stakeholders.
Communal-based: The marketplace should be an implemented ecosystem. Buyers and sellers and other stakeholders should come to an intersection within an umbrella of a certain forum of shared interests.
Monetization Offers: Profitability and monetization should be allowed to hold sway. This is because in monetization opportunities lie the bane of the offer presented to stakeholders. They must be able to attach tangible financial value to services they provide. Digital relevance is another form of remuneration policy.
Crowdsourcing: Opening up the marketplace for a wide range of information allowed to reign, would invite more owners to the platform.
Team and Advisors
Experts in the field of IoT technology coupled with blockchain experts have been merged to form a team of advisors who have been tasked with fashioning a reputable pathway for innovative excellence in the IoT industry. This project happens to have the best set of team members with relevant experiences needed to deliver the project's mandate.
Conclusion
With the strength of the underlying Blockchain market, the viability of the IoT industry can be revamped and usability and marketability can be rediscovered for data realized from the sensor business. Monetization is infused as further incentive to the entire flow. The perfect push for innovation.
Website: https://databrokerdao.com
Whitepaper: https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_en.pdf
Telegram: https://t.me/databrokerdao
Reddit: https://www.reddit.com/r/DatabrokerDAO/
Bitcointalk thread: https://bitcointalk.org/index.php?topic=2909180.0
Author's Bitcointalk username: mayukus4life
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Databroker Alliances
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The Team
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Advisors
