Dreaming superhero fight sequences, I am brought back to my bed as the mobile cries and has to be throttled with a flick of my hand. A snooze, a jog with my fitness app, a refreshing hot shower adjusted to my favorite temperature, a run into the roads, rushing through congestion, noticing billboards, parking, a foot at the automatic doors and a squeeze into the lift to reach my office, pressing my fingers on the attendance machine, swiping my card, and a host of activities, that in one way or the other, involve sensors. Sensors recording personal stats or national security issues through CCTV surveillance or drones or else, local weather, smoke levels, traffic jams info etc. In simple terms, we are surrounded by small devices that are continually receiving and recording data all around us. This data so collected is a sunk cost for the organisations, businesses and individuals as it is locked up in silos. What if such data is collected through different sources aka sellers and sold to the users of such data such as governments, business etc?
Individuals, companies, researchers and governments are spending billions each year on buying and maintaining IoT sensors. The data flowing over getaway operators like telecom companies and networks has a huge demand in the primary market and is expected to reach 1.2 trillion USD in 2019. The value of data locked away and further used again will reach 120 billion next year!
A mind blowing idea brought forth by the founders as a **peer to peer blockchain enabled marketplace for IoT sensor data- DATABROKER DAO** is the one stop solution to retrieve value out of sunk data. This data when utilised through gateways and collected to be accessible to cities, organisations and entrepreneurs; can help them to optimize and monitor their operations. It's a disruption in a sense as the next step towards 'smart living'. It's a GLOBAL SOLUTION FOR ACCESSING LOCAL DATA.
**How it works?**
The platform uses a smart contract based Ethereum network using the existing getaway infrastructure to bring together the sellers and buyers at par through decentralization.
- The sensor owners through their gateway operator place the data generated by the sensors up for sale.
- The buyers can access the data by discovering and purchasing it by using the same DTX tokens staked by sellers earlier.
- The data generated by their client is sent to their distributed API which checks who has purchased the access and sends the data directly to the specified location.
- The gateway operator gets 10% of each transaction in DTX token. The platform also earns 10% but the major share goes to the sensor owner as 80% of the proceeds.
- The DataBroker DAO is implemented through replication with millions of gateway operators around the world. Such that anyone in the world will be able to buy any available data anywhere.
**The parties benefitted:**
1. Sensor owners: They are able to monetize their data and turn their sunk cost into a potential money maker and recover some of their investments.
2. Network operators: Gain scale and speed in the adoption of their networks in the ethereum platform.
3. Sensor manufacturers: Can shift their focus from manufacturing to allocate the available resources to profitable SaaS offerings.
4. Smart city initiatives: costs involved in stuffing the city with sensors can be curbed and the existing sensor infrastructure can be used to reduce the payback period and a steady flow of incomes after that.
5. Almost 10% of the farmers in Belgium use sensors for wind, temperature and pressure. They by selling their data can recoup some of the costs.
6. Academics: Can get access to global network of sensors and can buy data directly at much reduced costs.
There are several established names on the network such as Yuktix, Esoptra, Digital town, Things play, dsp valley, technilog, panasonic etc and much more are still to come.
**ICO details**
The **DTX** is the utility token compliant with ERC20 and feasible upto 18 decimal places. The token will serve the purpose of buying and selling data in the platform. The presales started on 19th March, 2018 with a bonus of 50%. The main sale starts from 26th April 2018.
The total supply is fixed at 225,000,000 and tokens available for sale will be 108,000,000. The exchange price would be 1DTX=11.11 USD. It will also be tradeable on Coin Falcon Exchange from 30th May, 2018.
**Verdict**
The platform was conceptualised at Settlement which focuses on building blockchain tools to ease up the processes.
For sellers its a two way deal- they can earn through selling sensor data and recoup their costs.
For buyers too it's a win-win situation through wider and cheaper availability of data at any time and from anywhere with no worries of initial investments in sensor installation and maintenance.
Each of the parties such as governments, academics, agriculturists, environmentalists, individual enterprises easy access to the sensor data is a boon to their enhanced productivity and monitoring.
The potential that this **global market for local data** showcases is huge and the roadmap proposed is sure to enlarge its scope by leaps and bounds. The **environment friendly reuse and recycle blockchain platform for sensor data will be a delight for all!**
**Website** – [https://databrokerdao.com/](https://databrokerdao.com/)
**Whitepaper** - [https://databrokerdao.com/whitepaper/WHITEPAPER\_DataBrokerDAO\_ENG.pdf](https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf)
**Telegram** - [https://t.me/databrokerdao](https://t.me/databrokerdao)
**ANN** - [https://bitcointalk.org/index.php?topic=2113309.0](https://bitcointalk.org/index.php?topic=2113309.0)
**Published by** - jessicalaurenbt
**Profile** - [https://bitcointalk.org/index.php?action=profile;u=1936052](https://bitcointalk.org/index.php?action=profile;u=1936052)
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