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-aded 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.
Databroker DAO
