Aofex

DataBroker DAO Will Back Smart-Island Projects With Internet of Things Platform

| Updated
by Eugenia Kovaliova · 3 min read
DataBroker DAO Will Back Smart-Island Projects With Internet of Things Platform
Photo: DataBroker DAO

A blockchain startup DataBroker DAO will implement IoT platform to conduct smart-island projects, seeing islands as the perfect playing ground for a solution.

The use of smart technologies is a rapidly emerging trend in modern civilizations. Hyper-connectivity between human activity and the physical world around them has brought about the development of smart-cities and smart-islands.

Disruptive technologies, such as Artificial Intelligence, Robotics, Blockchain and the Internet of Things (IoT) are key technologies that will be part of any smart-civilization in the near future. The definition of a smart-city / smart-island can vary, but generally, it refers to a broad mission to optimize the functions of a city or island.

Public transport, hospitals and traffic control are to be transformed by the emergence of smart-society initiative, making the IoT even that more vital when paired with blockchain technology.

The IoT sensor data market is growing very rapidly. According to some experts, it is predicted that the market value of sensor data will be worth 1.2 Trillion USD by 2019. Due to the traditional conventions of centralization in the IoT industry, approximately 10% of $120 Billion USD of that data is unavailable.

IoT sensor data has the potential to truly unlock social and economic developments in any society. Moreover, this will soon become one of the major technologies powering smart-civilizations.

A blockchain startup DataBroker DAO represents itself as one of the leaders in the field of IoT. The company offers a platform that allows users to buy and sell sensor data at their discretion in harmony with blockchain technology.

DataBroker DAO has recently took part in the Smart Island World Congress, the two-day event which has brought experts from across many industries and nations together to discuss and explore the challenges facing islands. Islands such as Aruba and Barbados were rather keen to discover how DataBroker DAO can tackle specific challenges, which are typical for islands to face, such as waste management and lack of sensor data.

DataBroker DAO Blockchain Solution Architect Tom De Block believes that the islands are the perfect playing ground for a solution. Unlike cities, where some of the competencies are regional or even national, an island stands alone. This makes it easier to get things done, and is one of the reasons the company will work together with all interested islands to deploy white labeled front ends of the DataBroker DAO marketplace.

DataBroker DAO assures the highest quality of data on its platform by requiring users to stake the native token DTX against any data they wish to sell on the platform; the “token curated registry” requires data-sellers to put their money where their mouth is.

Additionally, as part of the Alpha V2.0 upgrade, also known as the “discovery release,” DataBroker DAO allocated a new range of sensors in Belgium that interface between users searches queries and the token curated registry. Furthermore, they created a new decentralized application (DApp) that backs this upgrade by discovering new and exciting data sets.

The DTX token sale is about to complete. The event has begun on April 26th, 2018. The crowd sale will end May 26th, 2018, 4 pm CET. During the sale, the rate of exchange is 1 ETH per 4000 DTX. On May 30th, 2018, DTX will be publicly tradeable on the CoinFalcon exchange.

Blockchain News, News
Eugenia Kovaliova

Eugenia can call herself a multy-interested person, as she is always in search of new proffessional fields to encompass. After graduating from Belarussian State University with Bachelor degree in both International Communication and Public Relations, she joined a travel startup Fresh Adventures, where she worked for 3 years creating unique itineraries through exotic countries, travelling around the world and developing the company as a partner. Currently, she works as a business analyst in the field of information technologies. She believes that IT is the future, that is why it is so important to keep up with the latest trends in this rapidly growing industry.

Related Articles