My First Perspective

Internet of Things (IoT) is a concept I’ve come across before, and I’ve been given a clue of how big this market is, but I never actually researched it much.

I came across a new ICO, DataBroker Dao, about 2 weeks ago and began to look into it. The ICO is highly focused on creating an efficient secondary market for IoT sensor data, and at first, I hadn’t a clue what this meant but I got a quick grasp of it quite soon.

I see a huge potential in this just because the current market size is huge and its scope and annual growth is growing exponentially. The sheer market potential of IoT is driving its participants forward, even when the product is useless (no one needs an app-activated $100 toaster). IoT sensors can be used to connect anything to the grid referred to as the Internet of Things, which is basically a network of all things that connect to each other via the internet and transfer data amongst themselves. I learned that the data transfer among themselves enhances the system and its interaction, and as a result each autonomous device (or thing) that is part of the system gets smarter.

What to Expect

I looked up details on the companies that are partaking in this and I could clearly see that all the major tech firms are in this and they are heavily invested in it, but they are mainly aiming for consumer goods.

From the way I see it, DataBroker Dao has found a sweetspot to fill in. It’s not going to compete with the big boys, it’s just going to let them sell-off data they, and other sensors owners across the world, have already used. Such a service is something large firms usually outsource and now they have some place to outsource it to. I think this was an obvious gap in the IoT market that can primarily be filled up through a decentralized platform, but the blockchain market just hasn’t had much of a focus on IoT.

I’m sure DataBroker Dao won’t be the first one to enter this market from the blockchain side, but being the first mover is a big advantage. And during my time investing in crypto, I’ve noticed a performance pattern, at least in the short term: blockchain coins perform great, exchange tokens come in second, platform tokens generally do well, and, ironically, dApps and real-world linked tokens tend to be a miss. This is at least my grasp of token performance in the short term. DataBroker Dao, though, is entering a market that has a lot of growth to be covered and that makes this token a “hodl.”

Essential Information

🌐 Website: https://databrokerdao.com/
💡 Whitepaper: https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_en.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2113309.0
💻 Telegram: https://t.me/databrokerdao
⌚️ Token Sale: March 26
📃 Ticker: DTX
👂🏻 Token Type: ERC20
🔗 KYC: YES
💰 Accepts: ETH
👔 County: Belgium

Please
If you found this article helpful, appreciate the information I have curated, appreciate the analysis I have provided, and/or are simply just a kind person, please support me by liking and sharing this article; you can also follow me to stay updated with the most remarkable ICOs coming up.

If you find the project valuable or interesting, support it by sharing and liking this page and keeping up with company profiles.

DataBroker Dao Website: https://databrokerdao.com/
Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
https://steemit.com/@hatu – Follow for a new ICO analysis every day!
Twitter
Telegram Group – Keep up with ICOs