Place/Date: Dubai, UAE - May 22nd, 2018 at 8:10 pm UTC · 3 min read
Contact: Frank Van Geertruyden, Source: DataBroker DAO
The Internet of Things (IoT) market value is expected to explode by 2019, the estimated worth of sensor data at that point is 1.2 Trillion USD, which is an eye-watering figure.
Fascinatingly, due to centralized systems dominating the market, and the majority of IoT sensor data being locked away with the sensor owners, roughly 120 Billion USD worth of ‘sought for others’ data generated will also be locked away.
DataBroker DAO is the blockchain remedy that goes beyond just unlocking this financial figure. It is a platform with the ability to improve the quality of IoT sensor data, allow public or private entities to monetize their data at their consent and, as a bonus, provide a unique way to enhance the economic and social developments on ‘Smart Islands.’
DataBroker DAO attended a two-day Smart Island World Congress that brought together experts from across the globe, the purpose of which was to discuss and explore the solutions to challenges facing islands. Islands such as Aruba and Barbados have been keen to see how the platform can help them manage the specific challenges they face including waste management and lack of sensor data.
DataBroker DAO Blockchain Solution Architect Tom De Block had this to say on why the platform is the solution that can provide island societies with a new technological, social and economic empowerment:
“Islands are the perfect playing ground for our solution. Unlike cities, where some of the competencies are regional or even national, an island stands alone. Making it a lot easier to get things done. That is one of the reasons why we will gladly work together with all interested islands to deploy white labeled front ends of the DataBroker DAO marketplace.”
Assuring that the data available on the DataBroker platform is high quality is of paramount importance; in response to masses of feedback from community members, token holders and potential users, Databroker DAO upgraded the platform, addressing the concerns.
The platform has a “token curated registry” in which users will have to stake the native token DTX against any data they wish to sell on the platform, essentially requiring users to put their money where their mouth is.
Furthermore, the “discovery release” or the Alpha V2.0 upgrade carries with it a new range of sensors located in Belgium.
Designed to act as the interface for users to browse and search data built on the token curated registry; furthermore, DataBroker DAO created a new decentralized application (DApp) that bolsters the effort by discovering new and exciting data sets. Take a look at this explainer video to find out more.
The token sale for the platform’s native token DTX began April 26th, 2018 and ends May 26th, 2018 4pm CET. The rate of exchange during the DTX token sale is 1 ETH per 4000 DTX; the token will be available for public trading May 30th, 2018 on the CoinFalcon exchange.
Individuals, governments, companies, researchers, any entity of any size can benefit from IoT sensor data. To find out more take a look at the relevant links below.
Disclaimer DataBroker DAO is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The DataBroker DAO token sale is closed to US participants and participants of all countries in which ICOs are illegal.