IoT is something that had come up and gained immense popularity over the years. It was a subject that had drawn the attention of tech gigs and scholars, one in which many studies and discussions had fired up.

IOT refers to all the devices and physical things that are connected to the internet. Your pc, tablet, mobile phone, the new age vehicles that tracks down locations and driving patterns, your smart air conditioners which automatically detects your surrounding temperature and adjusts itself, the fitness gadget on your wrist, pacemakers, almost everything that involves a sensor or that collects data such as GPS, the temperature detector, falls into the INTERNET OF THINGS (IOT). These so-called "smart things" seems to have occupied every space possible.

IoT devices have sensors attached to themselves which continuously collect and transmit plethora amount of data. The process is going on, with more number of devices being attached to sensors, and more data being generated. It is estimated that by 2020 1.26 billion IoT devices are likely to be added. This means a huge pile of data, which comes in at high velocity, in different forms.All these data have the capability to generate newer trends and developments. But unless there is a proper channel all the data collected becomes useless. Until the right people make use of it these data bundles merely remain stored in huge centralised servers.Such surplus data flowing in at high rates require a proper storage system. The present-day server storage seems unfit for this. Also, it prevents data sharing with the those in need of data.

Alongside increasing trends in IoT, there have been growing tensions regarding its security and authenticity. The increasing possibilities of hackers meddling with these smart things can lead to catastrophes. Hence there is a need for a more foolproof system of data gathering and storing. Blockchain seems to have a solution for everything. DataBroker is a coin that has IoT and blockchain as its two sides.

Databroker is the peer to peer marketplace for IoT sensor data. It becomes a platform for unlocking the hidden possibilities of sensor data. It is a place where sensors sell their data, potential developers in need of complex data can easily find all they need under an umbrella.The characteristics of blockchain remove all redundancies associated with its security and authenticity.The market works on smart contracts and tokens.It provides a decentralised platform for the sensor owners to exhibit data publicly so that users can easily access them and they get paid for using the data.

The various stakeholders who make this possible are the sensor owners, the data buyers, the data processors and the gateway operators.

Sensor Owners : Who are those willing to sell IoT data? The key players are the manufacturers or the industrial IoT whose main aim is to improve operations and reduce costs. The transportation sector is yet another seller of IoT data. This involves both vehicular specific and traffic specific. Then there comes the government utilities and agricultural sector

Data Buyers : The potential buyers include self-driving vehicles, smart cities, arcade: mics and research fields, energy corporations and so on.

Gateway Operators : The glut of data emitted by these smart things flow across a wireless sensor network (WSN) that is operated by large telecommunication companies.It is the job of the gateway operators to open up the channels for data sellers to sell their IoT data.

DTX TOKEN

The DTX token enables transactions within the platform. Its based on Ethereum and the pre-token sales have already begun by March. The main sales are to kick in by April. With too many devices streaming data globally, this innovation gains much importance.

The world is in the race for being smarter each day, this shall add on more user-friendly devices that precisely tracks human behaviours and trends. A large number of sensors are required for this purpose. From the tiny miny devices placed inside your heart to the one sitting at the far end of your bedroom corner, these are constantly involved in transmitting valuable data. Unorganised data can lead to chaos, DataBroker is likely to be the silver lining in the cloud.

Website – https://databrokerdao.com/

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

Telegram - https://t.me/databrokerdao

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Published by smithjones

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