DataBroker DAO is a platform to unleash long-tail creativity with the use of sensor data, to facilitate the conversion of incredible ideas into value-adding services. 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 organizations 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. The platform can be likened to a “secondary market” for IoT sensor data and has been referred to as an “Amazon” for IoT sensor data.
For Smart City initiatives, a roadblock for getting their smart city initiative off the ground is the upfront cost of populating the town with sufficient sensors for it to be meaningful. Thereafter, the smart city initiative is confronted with a perpetual maintenance cost to maintain the sensors and keep them up and running.
DataBroker DAO changes this paradigm, turning the high upfront sunk cost and perpetual maintenance expense into an investment with a 2-3 year payback period and a perpetual income stream thereafter.
DataBroker DAO provides a direct path to data monetisation for sensor owners.