Information is power. A good quality set of data can yield results that can be surprising, given that the right analysis tools are used.
Data collecting firms are using more and more methods to collect information about people - usually without their consent. It is no wonder that large corporations like Facebook and Google are always under the nose of one or another regulatory body for breach of trust and user privacy. With Internet of Things (IoT) devices becoming a major part of a regular person’s life, the generation and collection of data is increasing everyday.
DataBroker DAO is a Blockchain based data marketplace that enables data buyers to connect with IoT device owners. The platform believes in ethical exchange of data, where the data generator willingly (and in full knowledge) gives data to people and organizations that require it. As a marketplace, it serves helps data seekers by enabling data seekers and sellers to come together at one place, saving time and resources.
The decentralized nature makes the exchange very secure, meaning that only the buyer has access to the seller’s data and a third party cannot pry into it.Buyers are assured that the data they seek is authentic and high quality, and the sellers are given the opportunity to monetize on their data, which otherwise would sit idle in their respective devices.
DataBroker DAO helps monetizing data with its own native coin, DTX. Buyers pay to sellers with it on the data exchange platform. The developers understand that sellers and buyers on the platform will be people from all walks of life, some having no specialist knowledge of crypto trading and buying. In order to facilitate them, DataBroker DAO has listed its coin on CoinFalcon, an exchange that has all the tools of crypto trading, and a simple buy and sell option for people who find complex trading tools too difficult to handle. The exchange has a number of trading currencies, such as BTC, ETH, LTC, IOTA and many others.
DataBroker DAO developers understand the IoT market very well. They know that, although the devices generate a lot of data, it is still stored in silos. Multiple devices from different manufacturers are used by individuals and organizations. Each model and type will store its data separately. AllThingsTalks is IoT data firm that gives tools to connect, aggregate and deliver data from various IoT devices and process it in a visual manner for ease of understanding for users.
The partnership will help DataBroker DAO users as they will spend less time on the technical solutions of data and more on their ideas and projects.
The initial TGE of DTX, the token of exchange on DataBroker DAO is in progress right now. DTX is available for 1 ETH = 6000 DTX during this time. The main TGE will start on 26th April, 2018. During this event, 1 ETH = 4000 DTX and a special bonus of 10% will be available on the first day. The event will run for one month and there is an extra 5% bonus for referrals.
For more information on the marketplace, visit their website: https://databrokerdao.com/
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