Buy & Sell Sensor Data Blockchain Powered Marketplace ICO Launched

A new marketplace for buying and selling sensor data, powered by Blockchain technology, has been launched. Called DataBroker DAO, it offers people the chance to get DAX utility tokens for their sensor data.

DataBroker DAO, a new decentralized marketplace for buying and selling sensor data, has launched, offering anyone the chance to turn generated data into revenue streams. It is powered by blockchain technology, and offers up a range of opportunities for a variety of industries.

More information can be found at:

The site explains that, in today’s market, companies make use of sensor data to optimize and monitor their operations. The result of this is a single purpose data landscape.

The new DataBroker DAO platform is aiming to drive evolution towards a true “smart living”. It is setting out to achieve this by making the data easily accessible to cities, organizations, and entrepreneurs at an affordable price.

DataBroker DAO says that individuals, companies, researchers, and governments are spending hundreds of billions each year on buying and maintaining IoT sensors. However, despite staggering growth in the industry, all of the captured data is locked up in silos and so called ‘walled gardens’.

DataBroker DAO aims to be the solution to this problem. Through using the platform, sensor owners get remunerated in DTX utility tokens, while network operators also get recompensed in DTX tokens

These network operators can then stream sensor data to an API, and the purchased data flows back to the buyers, either through the DataBroker DAO Private Blockchain network or other, traditional cloud solutions.

The company states: “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.”

It goes on to say: “By providing a distributed foundational layer for the buying and selling of IoT sensor data, we expect that unimagined uses of data 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.”

Full details of the benefits of the platform can be found on the URL above.

Release ID: 304347