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Data has become a useful tool for businesses in recent years. The ability to target specific markets using an individual’s data has become a valuable strategy. With such a demand for data, the way some companies obtain data has become increasingly unethical. The data industry is massive but it has not been utilised to its full potential. DataBroker aims to solve these issues, by introducing the first marketplace to buy and sell sensor data on a decentralized platform.
The global data market is set for disruptions with DataBroker, who are using blockchain technology to enable senor owners to turn generated data into revenue streams. Their mission is to revolutionise how data is used and gathered which is set to become far more effective.
Securing More Than Money
DataBroker are at the forefront of a major development. The Internet of Things (IoT) market value is expected to erupt next year, with the estimated worth of sensor data is set for 1.2 Trillion USD. Interestingly, due to the centralized systems dominating the market, and the majority of sensor data being locked away with the sensor owners, around 120 Billion USD worth of data will be locked away.
Sensor data is being used to optimise and monitor operations in recent years. This has resulted in a single purpose data landscape. DataBroker seeks to make this data easily accessible to organisations and cities at an affordable price.
DataBroker has a goal to to drive the evolution towards “smart living”. Their solution is certainly innovative, and gives individuals and companies the freedom to monetize their data. Providing a unique way to enhance the social and economic developments on ‘Smart Islands.’
DataBroker DAO are now sharing their vision with the world. They attended a Smart Island World Congress that sought to discuss and explore the potential challenges facing islands, and the solutions. With Islands such as Aruba and Barbados keen to see how the they may benefit from such a platform, capable of managing issues such as waste management and lack of sensor data.
The DataBroker DAO platform is set to bring island societies new technological empowerment. Blockchain Solution Architect, Tom De Block stated:
“Islands are the perfect playing ground for our solution. Unlike cities, where some of the competencies are regional or even national, an island stands alone. Making it a lot easier to get things done. That is one of the reasons why we will gladly work together with all interested islands to deploy white labeled front ends of the DataBroker DAO marketplace.”
DataBroker DAO Platform and Data Quality
DataBroker have a mission to empower individuals with their platform. This is made possible by prioritising that the data available on the platform is of high quality. The team is notably committed to its community, in response to mass feedback, token holders and users can benefit from an upgraded platform, that has a “token curated registry”. Users can now have a stake in the native token DTX, against any data they wish to sell.
There is a lot of excitement surrounding the platform, not to mention the “discovery release” or the Alpha V2.0 upgrade carries with it a new range of sensors located in Belgium. This is designed to act as the interface for users to browse data built on the token curated registry. In conjunction with their new decentralized application (DApp), users can benefit by discovering new data sets. Check out this video to find out more.
The DTX Token Sale
DataBroker are at an exciting new chapter, with their token sale that is now live. The sale for the platform’s native token, DTX began The token sale for the platform’s native token DTX began April 26th, 2018 and ends May 26th, 2018 4pm CET. The rate of exchange during the DTX token sale is 1 ETH per 4000 DTX the token will be available for public trading May 30th, 2018 on the CoinFalcon exchange.
Blockchain technology is continuing to revamp entire industries and benefit individuals and organisations on a global scale. Thanks to DataBroker, islands, governments and companies are set to benefit from IoT sensor data. To find out more on the DTX token sale, visit their Website and read their Whitepaper. The team also invites you to join the community and connect on Telegram a join the data revolution.