DataBroker DAO is the first marketplace to sell & buy sensor data. As a decentralized marketplace for Internet of Things (IoT) sensor data using Blockchain technology, DataBroker DAO enables sensor owners to turn generated data into revenue streams. This will open up a wealth of opportunities for various industries. Data will be used and become more effective.
DataBroker DAO was built & launched by SettleMint in July 2017, using their own core technology Mint.
THE CHALLENGE: UNLOCKING THE POTENTIAL & MONETIZATION OF IOT SENSOR DATA Individuals,companies, researchers & governments are spending hundreds of billions each year on buying and maintaining IoT sensors. The growth of the investment and applications in IoT is truly staggering, and yet, all data captured by these devices is locked up in silos and walled gardens. Whether for primary usage or for enrichment and direct resale, the data remains grossly under-utilized and locked away in deep organizational silos, stifling innovation and holding back society as a whole.
THE SOLUTION: A PEER TO PEER MARKETPLACE FOR IOT SENSOR DATA
This is where DataBroker DAO, as a distributed marketplace (or an ‘Amazon’) for IoT sensor data, comes in. DataBroker DAO will enable the monetization of gathered IoT data, turning costs into perpetual revenue streams.
BETA platform: We have a fully functioning platform for you to try. Want to know how selling or buying IoT sensor data would work on DataBroker? Check out the BETA version of the platform: https://beta.databrokerdao.com
A quote by Patrick M. Byrne – CEO and Founder of Overstock.com: “The intersection of IoT and blockchain is enormously promising. For sensor- owning organizations, the ability to use an immutable ledger to store data, ensure its integrity, and provide a clear path to data monetization, is a stellar example of the promise of blockchain. The value of the IoT sensor market is greater than USD 600 billion per year, and is expected to double in the next three years, simply for primary usage of the data by the sensor owner! The magnitude and potential value of a marketplace for data-hungry third parties is staggering.
I believe that what online retailers like Overstock.com have done for making physical goods accessible online, DataBroker DAO will do for sensor data.”
– recoup sensor costs – gain access to thousands of sensors – turn expenses into investments – monetize your data
WHO IS IT FOR? DataBroker DAO connects people with complementary needs. The platform allows sensor owners to earn back their investments in hardware while enabling entrepreneurs and organizations to buy and aggregate data for their own purpose or resell the enriched data via DataBroker DAO.
Are able to monetize their data and turn a sunk cost into a potential moneymaker and at least the opportunity to recoup some of their investments in IoT sensors.
Gain scale and speed in the adoption of their network as connected telcos can present a win-back to their enterprise accounts, a clear USP.
Can stop the “race to the bottom” for production and pull resources and capital out of manufacturing and allocate these to profitable SaaS offerings.
SMART CITY INITIATIVES
Can limit the upfront cost of populating the town with sufficient sensors and turn the expense into an investment with a 2-3 year payback period and a continuous income stream after that.
In the Agricultural sector in Belgium today, 10% of farmers are “techie”. They deploy sensors include for wind, temperature, barometric pressure, humidity, PH level in the soil. The platform will provide the possibility to recoup some of this cost.
Can get access to thousands of sensors and can buy data directly and more cheap on the marketplace, cutting out established data providers.
THE DATABROKER DAO ALLIANCE:
Building a platform and business like DataBroker DAO requires real sellers and buyers of IoT sensor data. Over the past couple of months we have been hard at work integrating these parties into an alliance. The first official mem
bers of this DataBroker DAO alliance are YUKTIX and SENTHUS, DESIDEDATUM, IQUADRAT, SKYLARK and TECHNILOG.
Looking ahead, we envision DataBroker DAO forming an integral part of the IoT data-fabric, which means there will be a greater need for effective and multidisciplinary collaboration between active stakeholders. These parties will have a clear need to define collaborative models to work together to create better synergies between their collective businesses and use-cases. Therefore, in order to kick-start the ecosystem and facilitate a collaborative environment, we have formed the DataBroker DAO Alliance. This Alliance will increasingly play a role in defining the further development of the DataBroker DAO platform.
Throughout 2018, we will continue our proactive efforts to continue growing the Alliance. At this point, membership is without cost so if you are working for an organization big or small that has an interest in radically broadening access to and monetizing IoT sensor data, please visit https://databrokerdao.com and register as a DataBroker DAO member. We will get in touch shortly thereafter to begin your member onboarding.
For the DataBroker DAO upcoming token sale, the Databroker DAO team has set a tentative date for the main token sale and we are validating this with our advisors and extended team. The date will be announced soon.
Check the DataBroker DAO website (https://databrokerdao.com/) to know everything about other alliance partners, the events we will be attending in the near future, who’s who and what the media and Industry experts worldwide are writing about DataBroker DAO.
Stay tuned for more exciting news and insights very soon and please join one of the live webinars in the coming weeks or follow DataBroker DAO on Telegram!