DATABROKER DAO PROJECT OVERVIEW

In this article, I will review DataBroker DAO ICO Project which aims to operate in the field of IOT technology. In order to understand the project, we need to know what IOT (Internet of Things) means. IOT which was first used in 1999 for a company presentation by Kevin Ashton is a concept that we hear often nowadays and we will hear more and more in the future. it is possible to define it as a system of devices that communicate with each other through various communication protocols and connect to each other to form an intelligent network by sharing information. According to the researchers, it is estimated that 10-11 billion devices are connected to the internet today and it is predicted that this figure will reach to 50 billion devices by the year 2020. It is also estimated that in 2020, the information traffic to be generated by 20 typical household appliances will be more than all internet traffic generated in 2008. When IOT is mentioned, it is wrong to only understand that devices are connected to the Internet. The fact that RFID sensors and identifiers generate data with different devices is also within this concept.

The objects which are connected with each other via the internet network exchange data and act on some issues with or without approval from us. How is this happening? After a few examples, you will say that these are already in our daily lives. For example, there are devices that recommend us to ventilate the house by making measurements of the amount of oxygen in the house, air quality, etc. and transmitting information to the application on our mobile phone. The sensors in our car measure the air of the tire and can warn us when it is at risk. We can be aware of the gas leakage with the help of the sensors in our house while we are thousands of kilometers away. And we can count thousands of examples like this.

What is DataBroker DAO and What Solutions Does It Offer?

DataBroker DAO is the first IoT sensor data platform to collect data from sensor owners and to enable this data with users by using networks of telecommunications providers.In fact, in the ecosystem of DataBroker DAO Project, there are four main characters which are sensor owners, data buyers, data processors, gateway operators. Sensor owners gather and sell the data in exchange for DTX Tokens to data buyers.

Data Processors are actually data buyers who purchase, analyze, and enrich the data. After the enrichment process is finished, they sell new data to other buyers. Gateway Operators in DataBroker DAO expose the gateway which operated by them in order to enable sensor owners to sell their data on the platform. All of this process is continued by smart contracts based marketplace on the Ethereum network. You can reach more information by reading the Whitepaper. (https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_en.pd)

The Project Team members are very experienced. For example, Matthew Van Niekerk who is the CEO and Founder of the Project founded and exited two companies in Japan. And he also founded SettleMint which is a blockchain company. In fact, nearly all of the members of the team are also in SettleMint company.