DataBroker DAO

DataBroker DAO

Global market for local data

This paper introduces DataBroker DAO, 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.

With DataBroker DAO, we aspire to unleash long-tail creativity with the use of sensor data to facilitate the conversion of incredible ideas into value adding services. By providing a distributed foundational layer for the buying and selling of IoT sensor data, we expect that unimagined uses of  ata that exist in the hearts and minds of entrepreneurs, researchers and organisations around the world, will emerge to create incredible value adding services that enrich the quality of life in our cities and our societies as a whole. The global market for IoT sensors has surpassed 600 billion USD per year ¹ including the purchase, installation and maintenance of sensors and the acquisition

of software packages to interpret and enrich the data. The data resulting from this investment is for primary usage by the sensor owner or enhanced with value-added insights and resold. Whether for primary usage or for enrichment and re-sale, the data remains grossly underutilized and the utility for society locked away in organisational silos. By connecting data owners with 3rd party data consumers directly, DataBroker DAO provides a marketplace where IoT sensor data can be fully valorised outside of the primary silos in which it is locked today. In this sense, DataBroker DAO can be likened to a “secondary market” for IoT sensor data and has been referred to as an “eBay” or “Amazon” for IoT sensor data.

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. On its path from sensor to silo, all this data flows over gateway operators like telecom companies, networks and even the control panels of the sensor manufacturers.These sensor owners usually have a two year business case for their placement and the data they generate. The primary marketfor these sensors is expected to reach 1.2 trillion USD in 2019, and estimating that at least 10% of the data generated is sought for others (1-3 times), the value of data locked away will reach 120 billion next year

The Solution

Using a smart contract based marketplace on the Ethereum network, it becomes possible to unlock this value. Via their gateway operator, the sensor owners place the data generated by their sensors up for sale (while staking some of their DTX tokens), and buyers can discover and purchase access to the data using that same DTX token.

The gateway operator will run their own Ethereum mainnet blockchain node and run the open-source DataBrokerDAO dAPI (distributed API) on top. Data generated by the sensors of their clients is sent (within the same datacenter) to their dAPI which check who has purchased access and send the data directly on to the location specified by the buyer on purchasing.

Since the gateway operator is already set up to deal with the data its clients generate, routing purchased data streams to a location on the internet is a straightforward extension.

For doing so, the gateway operator is awarded 10% of each transaction in DTX tokens. The platform also earns 10% and, most importantly, the lion share goes to the sensor owner receiving 80% of the proceeds.

To move from a local to a global marketplace, the DataBroker DAO implementation is replicated with a multitude of gateway operators around the world.

This grants access to a global market for data. Anyone in the world will be able to buy any available data anywhere, making it truly, “a global market for local data”.

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.

ROADMAP

MARCH, 19TH 2018 4PM CET

PRESALE

The presale phase of this token sale event starts on March 5th, 2018 at 4PM CET. During this presale a 50% token bonus applies (6000 DTX/ETH) and the minimum purchase amount during this period is 10 ETH.

APRIL, 26TH 2018 4PM CET

TOKEN SALE

The main sale will start April 26th, 2018 at 4PM CET. The sale will run for 4 week. The first day a 10% bonus will be awarded.

MAY 30TH 2018

TRADING OPENS

The tokens will not be tradeable until 1 week after the sale ends (May 30th, 2018). At this point in time we have a commitment to list the DTX token on Chankura.com at that time and are identifying one or two more exchanges to list it on, by that time

Q2 2018

MAINNET RELEASE

With the availability and the ability to trade the DTX token, the platform can move to the mainnet.

Q2 2018

SETUP AND ONBOARDING OF AN EXTENDED TEAM

One of the larger challenges for DataBroker DAO will be scaling the team fast enough to cope with market demands. Onboarding a new sales team and additional developers is a daunting task. Since September this has been an active focus and this will be the case for the years to come.

Q2 2018

GATEWAY OPERATOR INTEGRATIONS

The main road to mass adoption is integrating with gateway operators that enable the onboarding of millions of sensors in one go. The DataBroker DAO platform will be integrated with the gateways of these gateway operators. We will be working on both common standards and libraries to ease integration, and perform the initial integrations for the first operators in the DataBroker DAO Alliance.

Q3 2018

IMPROVING THE (WHITE LABELED) FRONTEND INTERFACE

On the one hand is the focus of DataBroker DAO mostly on the dAPI. This is where the data streams will flow over, and combined with the smart contracts the core value of the platform. We expect quite a few gateway operators to use the dAPI to build a marketplace in their existing platforms. There will however be quite a few that do not have an integrated approach, or no existing systems to integrate with. That is the reason we will build a DataBroker DAO marketplace frontend and offer this frontend in a white labeled form to gateway operators. When first launching the platform this interface will be a basic one, and will require a diverse set of skills (information architecture, design, web and mobile development) over in the first two years to build a tier one frontend. This will be a heavy focus for Q3 of 2018 to reach the next guideline.

Q4 2018

PRIVATE DATA SALES AND WHITELISTED BUYERS

Working with our alliance members has taught us a lot. Including the fact that there is a large set of data in the market that companies want to sell to either anyone except a competitor, or to just a whitelisted group of companies. As such this capability will be integrated in the smart contracts from the start, and work in the frontend side will continue into Q4 2018.

Q1 2019

DATA ENHANCEMENT INTEGRATIONS

Having easy access to large amounts of data opens up a wealth of options for many startups across the globe. Enhancement and aggregation will provide even more valuable data than the raw data itself. The team will look for, and work with partners in the Alliance to provide valuable services based on the raw data by providing libraries and integrations for commonly used tools. Integration with AI tools (like provided by the large cloud providers, or Tensorflow) come to mind. Initial integrations will be made with the dataprocessors in our Alliance in Q1 2019

To learn more please click on the link below :

Website || ANN Thread || Twitter || Whitepaper || Telegram 

By : @Jengger_jali

Profile Bitcointolk : https://bitcointalk.org/index.php?action=profile;u=1912849