INTRODUCTION
The Internet of Things (IoT) is changing everything and will continue to exert great influence on virtually every aspect of human endeavours; from new applications, such as smart cities or autonomous vehicles to massive sensor networks for monitoring environmental or industrial systems, customers, both business and individuals, demand ever more intelligent and valuable services to help simplify their daily routines. Carriers that embrace the IoT era will not only benefit from the additional revenue opportunities, but they will also gain a significant competitive advantage through leadership in this new communications reality. In other words, IoT will be the enabler for sustainable competitive advantage and revenue growth. The market for IoT is huge and even on the rise. Organisations and individual spend billions of US dollars on data which are not easily accessible. Access to this data requires a lot of processes and many intermediaries and this comes at huge cost. What of if there is a system that bring all the players together such that the sensor producer, transmitters and consumers are in a single platform? There is no doubt this will result to huge relief to all parties with associated economic optimization. This is where DataBroker DAO comes in. DataBroker DAO drives the evolution towards truly ‘smart living’ by making this data easily accessible to cities, organizations and entrepreneurs at an affordable price. Through the application of blockchain technology and smart contract integration, DataBroker DAO will achieve a peer-to-peer system to manage all data transactions.
THE PROBLEM
Despite the huge amount of money spent by individuals, governments, companies and researchers annually on buying and maintaining IOT sensors, all data captured by these devices are locked up in silos and walled gardens. There is also the problem of security as the boom in internet have brought with it increasing hacks and cyber-attacks. These problems demand urgent solution and this is what DataBroker DAO seek to proffer.
DATABROKER DAO SOLUTION
DataBroker DAO provides a platfrom through which IoT sensor owners can engage in direct financial transaction with consumers without the rigors of third-party and regulations. In other words, DataBroker DAO will be a market place that bring all the key players in IoT sensor services into a single fold. This platform seeks to bring together, the sensor owners (data providers), the data buyers (stakeholders who will purchase data on the platform), data processors (stakeholders who will purchase and enrich the data for resell or other purposes) and the gateway operators (through which data is transmitted). Through the integration of blockchain technology, decentralization is entrenched in this platform and this provides additional security and ensures transparency
DataBroker DAO have made many partnerships with great companies in this line of business to ensure smooth operation; all is set to take this business to a new enviable height.
DATABROKER DAO TOKEN
As a blockchain based project, transaction within this platform will be done through currency primarily designed for this platform. To this end, a total of 225 million ERC 20 compliant token Databroker DAO token (DTX) have been created to serve as the medium of exchange within the platform. In other words, the DTX will serve as the credits to buy and sell sensors within the platform. 48% of this DTX is offer for sale to the public during the ICO at a price of 1 ETH=4,000 DTX. 30% of this token will be locked up as reserve which 5% will be for the team and will also be vested for 3 years. The balance will be used for early adopters, bounty, incentives and platform development.
It is worthy of note that this is a real business and not some abstract project with no sign of being realized. Hence an investment here will be a wise decision. Furthermore, there is limited time to get this token, so, it is expedient to go through the website and all available materials as soon as possible to be able to take decisions and secure an investment in this project before the token sale closes.
For more information regarding the team, roadmap and how to join the token sale, please follow any of the links below:
Website: https://databrokerdao.com
ANN thread: https://bitcointalk.org/index.php?topic=2113309.0
Whitepaper: https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf
Telegram: https://t.me/databrokerdao
This article was written by:
BTT username: nattykio
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1617655