(DTX) DATA BROKER DAO – P2P marketplace for IoT data – REVIEW

Sensors are all around us. But we do not use their potential fully, collecting and analysing just local data. Let’s imagine the quality and the volume of information gathered from hundreds or thousands different sensors. With Data Broker all this data can be on your fingertip.

Data Broker established themselves as the world first marketplace for IoT Sensor data, where data owners can get into the direct touch with data purchasers and exchange the collected information. Speaking other words Data Broker will give a possibility to sell your IoT sensors data.

For today, different kind of companies spend around 600 billion of USD each year on buying and maintaining IoT sensors. Through the gateway operator, this data goes to the silo, where it is locked.

Data Broker DAO wants to make some significant changes in this scheme. Smart contact based marketplace will free the previously locked data. The gateway operator will be awarded 10% of each transaction in DTX tokens. The platform also earns 10% and, most importantly, the lion share goes to the sensor owner receiving 80% of the proceeds. How exactly this scheme works you can check below: https://databrokerdao.com/?ref=btctalk

For whom is made this project? Actually for everybody.

• Sensor Owners – obviously they will receive money for selling their data.
• Network operators
• Sensor manufacturers
• Smart city initiatives. As smart house collect data just locally, but more smart houses could make a smart city.
• Agricultural sector
• Academics

Tokens and ICO

DTX is an ETC-20 based token. The Data Broker team planning the token price and ICO made some interesting calculations, results you can see below:

"The goal is to have 1 DTX token to cover the average value of the data from a sensor for one week. This allows us enough granularity (at 18 decimals) to work with micropayments, even after significant growth and price increases.

We determine the corresponding price per token by looking at the market predictions in the previous section for 2024. At that time we project to have 2.5 billion USD flowing through the platform for 225 million sensors.

2 500 000 000 USD/YEAR
225 000 000 SENSORS/YEAR
= 11.11 USD/SENSOR/YEAR

The average sensor has a value of ~12 USD per year, ~1 USD per month, or 0,25 USD per week and as such, the value of 1 DTX token should equate initially to this number. At an ETH price of 1000 USD /ETH, 1ETH will get you 4000 DTX tokens. We determine the maximum number of tokens issued to be 225 million, the number of sensors on the platform in 2024."

For me, it looks like a very prudent tokens policy. From 225 million of issued tokens, the team will keep 5%. 6,5% will be reserved for the early supporters and 10% for the platform. Just 0,5% will be given for a bounty and 48% for the sale. From 30% the reserve fund will be made, with funds locked until the 1st of January 2021.

Team

The team is always a heart of the project which strictly determinates its further success.

For today the team consists of,

Matthew van Niekerk, Co-Founder & CEO
Roderik van der Veer, Co-Founder & CTO
Frank Van Geertruyden, MarCom Director
Els Meyvaert, Project Manager
Cassandre Vandeputte, Solution Analyst
Tom De Block, Blockchain Architect
Silke Van den Broeck, Blockchain Developer
Veronica Murguia, Investment Advisor
Magomet Tsanajev, Content Creator
Astrid Janssens, Management Assistant
Rutger Bevers, Full Stack Engineer
Charles de Bergeyck, CFO
Peter-Jan Brone, blockchain Developer

But not only. Data Broker DAO seeks for new team members (mainly programmers). If you will be interested feel free to contact them via email:  [email protected] . Actual vacancies you can find at project website.

Project also attracted some advisers:

And partners:

Hype

Despite the online marketing Data Broker DAO develop their direct marketing and take parts in different events. The whole list of the events where the team was attending you can find on their website.

Data Broker also received some interested from the media, mainly national and crypto orientated.

If we talk about the community, numbers Data Broker attracted to this project are somewhere in the middle. 5450 Telegram members is not a small number, but I have seen a project with 30 thousand.
A bit better it looks on Facebook – 3151 members is not a small community for the ICO. 3 588 followers on Twitter is also nothing to be a shame of.

PROs and CONS

As always let’s start from the bright sides.

PROs

• Interesting and unique project with a great market potential
• beta platform possible to test the website
• strong team (still looking to expand)

CONs

• middle hype
• not enough information about the collecting data from the users

If you would like to learn more about the Data Broker DAO company or purchase their tokens, check the links below:

Website:
https://databrokerdao.com/?ref=btctalk#alliance

Whitepaper:
https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf

Onepager:
https://databrokerdao.com/whitepaper/ONEPAGER_DataBrokerDAO_en.pdf

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Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.

Anna Hare

You can find me here:
https://bitcointalk.org/index.php?action=profile;u=1754481