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. 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.
The global market for IoT sensors has
surpassed 600 billion USD per year ¹
including the purchase, installation and
maintenance of sensors and the acquisition of software packages to interpret
and enrich the data. The data resulting
from this investment is for primary usage
by the sensor owner or enhanced with
value-added insights and resold.
Whether for primary usage or for enrichment and re-sale, the data remains grossly underutilized and the utility for society
locked away in organisational silos. By
connecting data owners with 3rd party
data consumers directly, DataBroker DAO
provides a marketplace where IoT sensor
data can be fully valorised outside of the
primary silos in which it is locked today.
In this sense, DataBroker DAO can be
likened to a “secondary market” for IoT
sensor data and has been referred to as
an “eBay” or “Amazon” for IoT sensor data.