DATABROKER DAO: THE MOST EFFICIENT MARKET PLACE FOR IOT SENSOR OWNERS AND DATA CONSUMERS
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.
· Sensor owners
· Data buyers
· Data processors
· Gateway operators
· DATABROKER DAO: 10%
· Gateway operator: 10%
· Sensor owner: 80%
The diagram below shows two groups data sellers; business and consumers.
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
Platform = 10%
Early supporters = 6.5%
Lock-up( until January 1st ,2021) = 30%
Bounty = 0.5%
Team incentives = 5%
Sale = 48%
· starts march 19th, 2018. 4pm CET
· 50% token bonus applies (6000DTX /ETH)
· Minimum purchase amount = 10ETH
· 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.
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
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
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:
bitcointalk username : thankyoulord
bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2076086
wallet address :0x2859DD117e5E186B2dec97b50012C66D0E7597Ad