With the ascending growth in digital world people are incessantly divulging data through their many web searches. In the internet world every interaction/ details of the internet user is recorded, GPS location data for different handheld devices are collated freely these data in most cases users are compelled without choice to agree to terms and conditions, privacy policies before they can have unfretted access to the use of certain applications in this process passive consent of the user is obtained. These trends have been become a viable venture for most companies specializes in data collection management over time and most consumers are in the dark as to how their data is utilized, value of the data collected them and the amount of money that these companies make from consumer data; however the growing penchant and usability of internet of things (IoT) sensor and the need for it data have opened a new perspective of understanding as well as exploitation by companies providing internet of things (IoT) services; when we say IoT we are referring to the connectivity of devices equipments, appliance, vehicle and inbuilt sensors in other devices, this sensor make it possible for exchange of data between them. The IoT (internet of things) market specifically for IoT sensor seem to have commanded a huge market capital base since its inception but a lot of IoT data still lies waste and moribund . This problem majorly is due to the bridging reason to not just match these different IoT (internet of things) with required needs but also pay the owner of the IoT data; The bridges in IoT sensors data are regarded as broker and a broker collate data of people based on public records and private archives like census data, location or Gps data, health, education records, bank details etc. This data are used by brokers to create monetary benefit for themselves without the owner’s consent or compensation. However Data broker DAO is poised towards been an ultimate bridging reason and major market for internet of things (IoT) sensor data, it is the first data broker platform that brings the IoT data sensor owners (giver) and the IoT sensor data companies (receiver) into a common front where the interest of every party is represented equitably; data broker DAO relishes on the world-class technology framework of blockchain to make sure that consumer transaction relating to buying of IoT sensor data are fully decentralized DAO data broker operates within the confines of business that offers manufacturing and natural resources, transportation, utilities, government, smart city initiatives and the agricultural sector the data generated from the above mentioned can be sold to public transport services, weather management service centre, educational institutions, energy management corporation. DAO data broker uses arrays of data processors that manage varieties of data in different forms.
ABOUT DATA BROKER DAO
With blockchain smart contract platform based on ethereum network, peer-to-peer transaction between buyer and sellers of IoT is facilitated, transactions are processed between buyers of IoT and sellers of IoT using the DTX tokens the output of this transactions runs through gateways and is eventually checkmated by dApi, during the process the gateway is credited with about 80% DTX tokens to the owners of sensor data while the remaining 20% is given to the platform; internet of things (IoT) sensor data becomes more effective if it has a level of global acceptability. The DAO data broker ensures a globalization of its services by creating many gateway operators in different places of the world; this will create easy coalition of IoT sensor data. Blockchain technology provides a level of decentralized, transparent, efficient and cost-effective mechanism within the platform using liquidity funds in DTX form and wallets. This operation comes with a benefit as the gateway operator can benefit from 10% of each of the transactions, all will be rewarded via DTX tokens
STAKEHOLDERS IN DATABROKER
1.SENSOR OWNERS
Sensor owners purchase IoT sensors and make it available to the platform
2.DATA USERS
the data provided by sensor owners is being utilized by the data buyers who buy the data from the platform and choose to either use to either use it in its raw form or process it
3.DATA PROCESSORS
The data buyers at this stage choose to either refine these collated data for the purpose of reselling or maintaining it for their clients
4.GATEWAY OPERATORS
The role of gateways is to route, switch and package data messages. In the SuperStream space, the gateway operators wil operates in a way to enable data owners to sell their data in the platform.
TEAM INFORMATION
CONCLUSION
Data broker DAO is at the verge of becoming the world’s largest seller /buyer platform for IoT data however it takes full cognisance of the increasing demand for its services, it intends to use a quarterly and yearly roadmap plan to make this, data broker intends to create a better interface for all its stakeholders using many gateway operations.
For more information visit:
Website: https://databrokerdao.com/?ref=btctalk
Telegram: https://t.me/databrokerdao
Btt Ann thread: https://bitcointalk.org/index.php?topic=2113309.0
Whitepaper: https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf
Author:https://bitcointalk.org/index.php?action=profile;u=2076423
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What a great article on data broker 👍They have top partners i hope they perform well in the data industry
Yes they will make great impact
Where can we check for more information about the team
The whitepaper will help in that aspect
Are all stakeholders going to benefit from databrokers eco-system?
Yes none will be left out
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