DATABROKER DAO: THE MOST EFFICIENT MARKET PLACE FOR IOT SENSOR OWNERS AND DATA CONSUMERS

CHALLENGE

Data resulting from investments in the global market for IoT sensors which has currently surpassed 600billion USD per year revenue is mostly underutilized and locked away in silos as it is either primarily used by the sensor owner or enhanced with value-added insights and resold. The need for a marketplace where data owners and data consumers connect has become obvious as this would enable sensor owners monetize their data and data consumers properly utilize these data.

SOLUTION – DATABROKER DAO PLATFORM

With the help of a smart contract based market place, using blockchain technology, data consumers can discover and purchase data put up for sale by sensor owners. DATABROKER DAO is a peer to peer marketplace created to provide IoT sensor owners with a clear path to data monetization and data consumers with a decentralized market to buy IoT sensor data. The buyers purchase access to the data using DTX token, a cryptocurrency used on the DATABROKER DAO platform; the sensor owners put the data up for sale also by staking some DTX tokens. The gateway operator (which is set up to deal with the data clients generate and exposes the gateway DATABROKER DAO operates to enable sensor owners to sell their data on the platform) is awarded 10% of each transaction in DTX tokens, the platform earns 10% and the sensor owner earns 80% of the proceeds from the transaction.

STAKEHOLDERS

·        Sensor owners

·        Data buyers

·        Data processors

·        Gateway operators

REVENUE DISTRIBUTION

·        DATABROKER DAO: 10%

·        Gateway operator: 10%

·        Sensor owner: 80%

DATA SELLERS

The diagram below shows two groups data sellers; business and consumers.

DATA BUYERS

The data buyers include the following:

National wealth service, Fertilizer companies, Smart City Initiatives, Academics, Public Transport, Self- driving technology, Environmental agencies , Energy corporations etc.

THE DATABROKER DAO ALLIANCE

Currently, 7 companies ,amongst whom are players in each of the stakeholder groups and form a good cross section of the ecosystem have formally joined the alliance. They are:

Brussels Smart City, Iquadrat, Skylark, Yuktix, DesideDatum, TECHNILOG and IdentityMind Global

THE DTX TOKEN

The DTX token is an ERC 20 compliant utility token in the Databroker DAO platform which will serve as the credit to buy and sell sensor data within the platform. The DTX token has 18 decimals. The DTX token is based upon the MiniMe standard, therefore it’s easy to clone, which means new tokens can be created with an initial distribution identical to the original token at a specified block, either to upgrade the token contract or to create spin of tokens. The token solidity code can be found at https://github.com/DataBrokerDAO

INITIAL VALUE OF THE DTX TOKEN

The goal is to have 1DTX token to cover the average value of the data from a sensor for one week. The price per token is determined based on the market predictions for 2024. At that time, it is projected that 2.5 billion USD would be flowing through the platform for 225 million sensors

An average sensor has a value of 1USD Per month or 0.25 USD per week, therefore the value of 1DTX token should equate initially to this number.

At a rate of 1000USD/ETH:

1ETH = 4000DTX tokens

TOKEN DISTRIBUTION

Platform = 10%

Early supporters = 6.5%

Lock-up( until January 1st ,2021) = 30%

Bounty = 0.5%

Team incentives = 5%

Sale = 48%

Pre-sale :

·        starts march 19th, 2018. 4pm CET

·        50% token bonus applies (6000DTX /ETH)

·        Minimum purchase amount = 10ETH

Main sale:

·        Starts march 26th,2018

·        Sale will run for 4 weeks at 4000DTX / ETH

·        10% bonus will be awarded only on the first day

·        5% of token would be sold via a referral link

·        Unsold tokens will be kept by the platform in case of a significant ETH rate change

The token sale will accept purchases in ETH. The tokens will be delivered the week after the sale completes.

Trading starts April 30th, 2018.

ROADMAP

Q2 2018 – Setup and Onboarding of an extended team.

Q2 2018 – Gateway Operator Integrations

Q4 2018 – Private and Whitelisted Sales

Q3 2018 – Improving (white labeled) frontend interface

Q1 2019 – Data Enhancement Integrations

TEAM MEMBERS

Matthew Van Niekerk – Co-founder & CEO

Roderik Van Der Veer – Co-founder & CTO

Frank Van Geertuyden – MarCom Director

Els Meyvaert – Project Manager

Cassandre Vandeputte – Solution Analyst

Tom De Block – Blockchain Architect

Silke Van Den Broeck – Blockchain Developer

Veronica Murguia – Investment Advisor

ADVISORS

Jonathan Johnson – President Medici Ventures

Patrick Byrne – CEO, Overstock.com

Richard Kastelein – Blockchain News Publisher Partner Cryptoassets Design Group

Julien Marlair – Innovation manager, Proximus

DATABROKER DAO is the perfect link between IoT sensor owners and data consumers as both parties would benefit immensely from their transactions, hence the decentralized platform is a valuable project that is advantageous to its users. For more information about DATABROKER DAO and DATX token, kindly visit the links below:

Website: https://databrokerdao.com

Twitter: https://twitter.com/databrokerdao

Facebook: https://www.facebook.com/DataBrokerDAO/

Telegram: https://t.me/databrokerdao

Reddit: https://www.reddit.com/r/DatabrokerDAO/

Medium: https://medium.com/databrokerdao

Ann thread: https://bitcointalk.org/index.php?topic=2113309.0

 

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bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2076086

wallet address :0x2859DD117e5E186B2dec97b50012C66D0E7597Ad

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