DATA BROKER : THE EXCEPTIONAL PLATFORM THAT CONNECTS IOT SENSOR DA...

INTRODUCTION

See how beautiful and important internet of things sensor data is, You’re low on milk and on your way home from work you get an alert from your refrigerator reminding you to stop by the store,wow the work of IOT sensor. Let's check your home security system, you can remotely control your locks and thermostats, you can cool down your home, open your windows,etc, based on your choices. What about industrial application? Do you know that UPS,one of the largest shipping companies of the world, uses sensors on its delivery vehicles to monitor speed, mileage, miles per gallon,number of stops, and engine health?

The internet of things (IoT) sensor data market is fast growing with sales of more than $600 billion per annum globally and projects aim turnover sale of $1.2 trillion by 2019. This amount covers the purchase of sensors, acquisition sensor software to process the data, and hardware maintenance and installation. Like other online virtual stores such as Alibaba, Databroker DAO is a maiden virtual marketplace to buy and sell IoT sensor data. It will serve as a platform that will directly connect sensor owners to buyers of the data. In nutshell, Databroker is a secondary marketplace specifically for IoT. Databroker DAO will leverage on the communication providers

CHALLENGES WITH INTERNET OF THINGS SENSOR DATA
Though with the influx of companies and industries for IoT to drive their businesses, a major setback that has held the IOT market from gaining its full market potentials - data collected from the IoT sensor devices are stored in silos and walled gardens, that is they do not share the data but rather lock them up. This may be largely due to the security of the data at the gateway from being hampered.

SOLUTION
Databroker DAO a Dubai based company has proposed a solution to the challenge by creating a peer to peer market for IoT sensor data. Databroker DAO is blockchain powdered technology system and utilizes smart contracts guarantee’s security of data and runs on Ethereum network.

HOW IT WORKS

Data generated by the sensor owner are put up for sale through their secured gateway. The buyer gets to know about it and places the order for purchase it using the DataBroker utility token, DTX.
The gateway operator will simultaneously run the sellers Ethereum blockchain and open source distributed API of the DataBroker DAO to match the seller with the buyer after the purchase has been confirmed so the data is sent directly to the buyer’s location.

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BENEFITS
The benefits of DataBroker DAO are

For the owner of the sensor data, Databroker DAO will enable them to monetize data and will encourage data generation.
For the operator, they increase scale and network speed. With more usage, more revenue is generated.
For Sensor hardware manufacturers, it implies more production and in turn, generates income.
To mention but a few, DataBroker DAO has opened access to industries and many companies to their benefits.

TOKEN INFORMATION AND SALES

DataBroker DAO utilizes the DTX Token on the platform and it is already listed on CoinFalcon exchange.
DTX is compatible with an ERC-20 wallet. The DTX token is what will be as an exchange of sensor data. The target of DataBroker DAO is to utilize 1 DTX Token that will have a lifespan of 1 week. It is expected for 1DTX Token for the period should cover an average value of data from the sensor.
Ticker: DTX
Type : utility token
Start Date : April 26th, 2018 4PM CET
Pice per token: 1ETH = 4000 DTX
End Date: May 26th, 2018 4PM CET
Bonus: Day 1: 10% bonus

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