technological improvement and development over the past few years. Companies usually make use of sensor data to optimize and monitor their operations. The huge amount of generated data transmitted from sensing devices can provide a lot of information but is often considered a big data challenge for businesses. It’s no wonder individuals, institutions, researchers etc. spend billions of dollars yearly buying and maintaining IoT sensors. Even with the growth and increase in the investment of IoT, data collected by these devices are stored in silos, disabling any possible factor for creating a stream of viable monetization on a global scale. On its path from sensor to silo, all this data flows over gateway operators like telecom companies, networks and even the control panels of the sensor manufacturers. For this reason, a team of expert engineers and developers have created Databroker Dao. DataBroker DAO is the first marketplace to sell and buy sensor data. As a decentralized marketplace for IoT sensor data, built on the ethereum blockchain technology, Databroker DAO enables sensor owners to turn generated data into revenue streams. This will open up a wealth of opportunities for various industries. Data will be used more effectively. Today companies make use of sensor data to optimize and monitor their operations. DataBroker DAO drives the evolution towards truly smart living by making this data easily accessible to cities, organizations and entrepreneurs at an affordable price.
DATABROKER DAO PLATFORM
Using a smart contract based marketplace on the Ethereum network, it becomes possible to unlock this value. Via their gateway operator, the sensor owners place the data generated by their sensors up for sale (while staking some of their DTX tokens), and buyers can discover and purchase access to the data using that same DTX token. The gateway operator will run their own Ethereum mainnet blockchain node and run the open-source DataBrokerDAO dAPI (distributed API) on top. Data generated by the sensors of their clients is sent (within the same datacenter) to their dAPI which check who has purchased access and send the data directly on to the location specified by the buyer on purchasing.