The DataBroker DAO intends to bring change to this situation and unleash the potential of data that is currently inaccessible, moving data from uni-purpose to broadly accessible for the broad creation of value added services. As with the financial markets, where the importance and value of company data have been apparent for decades, giving rise to Bloomberg Market Data, Thomson Reuters, Fact Set and many data service vendors, the same opportunity will emerge for IoT sensor data via DataBroker DAO.
The DataBroker DAO Platform
The past few months the DataBroker team has been hard at work to build the working BETA platform. Leading up to the token sale, more and more of the code underlying the platform will be open-sourced. The core features of the BETA platform currently consist of the wallet functionality, the data streams listings, sensor (data) details and the dataset listings.
The core marketplace functionality is powered by an Ethereum smart contract, which enables the listing of the data for sale by IoT sensor owners and the purchase of the data by data consumers with an ERC20 compliant utility token.
The data sold on the platform is recorded on a private and permissioned Blockchain or
traditional cloud infrastructure. It is then subsequently anchored to a public blockchain, such as the ethereum blockchain to ensure the integrity of the data being bought and sold.
You can try out the BETA platform at https://beta.databrokerdao.com
What others are saying about DataBroker:
“I WAS IMPRESSED BY THE DATABROKER PLATFORM WHEN SETTLEMINT FIRST PROVIDED A PRIVATE DEMO TO MEDICI VENTURES IN JANUARY 2017,” SAID MEDICI VENTURES PRESIDENT JONATHAN JOHNSON.
“WITH THE ANALYSIS OF PRODUCT-MARKET FIT FOR DATABROKER THAT SETTLEMINT HAS DONE IN EUROPE, THE MIDDLE EAST AND ASIA OVER THE PAST SIX MONTHS, AND THE CONTINUED IMPROVEMENT OF THE PLATFORM, SETTLEMINT HAS MADE GREAT STRIDES TOWARDS COMMERCIALIZING DATABROKER.”
“I’M EXCITED TO SEE MORE IN THE MONTHS AHEAD. THE SALE OF THE DATA UTILITY TOKEN FOR USE IN DATABROKER DAO IS WELL THOUGHT OUT AND WELL-CONSTRUCTED. THE DATA UTILITY TOKEN IS INTEGRAL TO THE EFFICIENT ECONOMIC FUNCTIONING OF THE DATABROKER DAO ECOSYSTEM.”
“THE INTERSECTION OF IOT AND BLOCKCHAIN IS ENORMOUSLY PROMISING,” SAID PATRICK M. BYRNE, CEO AND FOUNDER OF OVERSTOCK.COM, MEDICI VENTURES’ PARENT COMPANY.
“FOR SENSOR- OWNING ORGANIZATIONS, THE ABILITY TO USE AN IMMUTABLE LEDGER TO STORE DATA, ENSURE ITS INTEGRITY, AND PROVIDE A CLEAR PATH TO DATA MONETIZATION, IS, A STELLAR EXAMPLE OF THE PROMISE OF BLOCKCHAIN.”
“THE VALUE OF THE IOT SENSOR MARKET IS GREATER THAN $600 BILLION USD PER YEAR, AND IS EXPECTED TO DOUBLE IN THE NEXT 3 YEARS, SIMPLY FOR PRIMARY USAGE OF THE DATA BY THE SENSOR OWNER! THE MAGNITUDE AND POTENTIAL VALUE OF A MARKETPLACE FOR DATA-HUNGRY THIRD PARTIES IS STAGGERING.”
The DataBroker marketplace has already been presented to great acclaim at global tech events including Blockchain Expo in London, Dublin Tech Summit, IoT World Paris, Smart City Saudi Arabia, IoTX Dubai, MoneyConf Madrid, Money2020 Copenhagen, TechXLR8 London, Tech Open Air Berlin, Unbound London and the Smart Dubai Office’s Blockchain Challenge.
DataBroker DAO announces early token sale
DataBroker DAO will be organising an early token sale starting on the 18th of september, which will be running for 4 weeks or until the hard cap is reached.
The token sale of DataBroker DAO is a so called multi-stage sale. Instead of offering all the available tokens at once, like many other ICOs have done in the past, DataBroker DAO will do an early token sale at which they’ll be offering 5% of the tokens (11.250.000 DATA) at a rate of 1200 tokens per ETH (20% bonus compared to main sale).
The goal of this early token sale is to bring the platform up to v1.0 readiness, and more importantly onboard a sizeable group of both consumers and suppliers of data. The proceeds of the early token sale will be spent on growing the team to 8-10 people ranging from business developers, community and development profiles. Additional spending will be allocated to operational costs like infrastructure, office space, marketing and legal expenses.
Once the platform is ready for public launch, and a sizeable group of both early consumers and suppliers are onboarded, DataBroker DAO will hold the main token sale in conjunction with the public launch of the platform. Rates for the main token sale will be set to favour early contributors by 20%. The main token sale will be 6-8 months after the early token sale and the proceeds of the main token sale will be used to scale the marketplace.
Interested to learn more about the DataBroker DAO token sale structure? DataBroker welcomes everyone on their slack or telegram channel to ask questions and discuss the platform & token sale with the team. From the ecosystem point of view, we see great activity in the IoT environment, solving many complex problems in the future. And we are fanatical fans of this trailer, knowing that DAO Databroker is an excellent add-on for many of these projects, the missing links in the ecosystem. We are not blind to usability problems, using separate tokens in the public block chain for all types of users. We are working on several solutions that promote adoption:
We will encourage the company to directly buy data tokens from DAO DataBroker. This token will come from the reserved platform foundation and will be sold in the fiat currency with a full account, like any other digital element. We will not buy a token or publish more.
We plan to use the GasStation concept, introduced by Swarm.city in DevCon 3, to solve the "gas" hump problem when installing new platform users.
We are actively working with leading purse vendors to introduce our tokens by default, reducing the installation and management of these tokens for companies.