Category Archives: DataBroker DAO

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DataBroker DAO Announces Three New Alliance Members and Listing with Tokenjar

DataBroker DAO is emerging fast, having recently announced their forging of successful alliances and a listing on decentralized exchange Tokenjar. These members will help DataBroker DAO reach its goal of bringing the Internet of Things revolution to fruition.

DataBroker DAO have been busy planning the next steps in their journey after the recently successful token launch. The Internet of Things (IoT) sensor data marketplace is building a major part of the fourth industrial revolution, as well as becoming a part of the popular emerging technology blockchain.

About DataBroker DAO

Based in Dubai, DataBroker DAO has captured the interest of private industry and governments worldwide. They are the first decentralized marketplace to buy and sell sensor data using blockchain technology. The marketplace enables owners to turn generated data into revenue streams, creating a wealth of opportunities where data will be used and become more effective across numerous industries.

DataBroker expressed the reason why they invented the platform on their website:

“Individuals, companies, researchers & governments are spending hundreds of billions each year on buying and maintaining IoT sensors. The growth of the investment and applications in IoT is truly staggering, and yet, all data captured by these devices is locked up in silos and walled gardens.”

As a solution to the challenges in hand, DataBroker DAO plan to use their smart contract-based marketplace on the Ethereum network. The gateway operator will enable sensor owners to put data generated by their sensors for sale, where potential buyers can discover and purchase the data using the DTX token.

The DTX Token and Previous Alliances

The DTX token is the method of cryptocurrency based on the DataBroker DAO platform that enables senor owners to carry out their transactions. Recently, the sale for the token ended. The aftermath of the sale resulted in the DTX token being listed on CoinMarketCap, and was further made available for trading on two credible exchanges, Bitforce and CoinFalcon.

Additionally, DTX tokens can now also be traded on Tokenjar, a decentralized exchange with zero service fees and a direct wallet-to-wallet transaction system, without the need for deposits, registrations, or KYC. Tokenjar’s underlying technology is 0x protocol – an open, permissionless protocol that enables ERC20 tokens to be traded on the Ethereum platform.

The Next Step

The team at DataBroker DAO are knuckling down on the use of cases, stories, and examples of the platform at work, transforming lives and enterprises. In terms of marketing, the team are trying to reach out to a range of audiences by making the idea more comprehensive so that it appeals to various market segments.

Currently, DataBroker DAO has around 25 organisations ready to participate on the platform, and are gradually bringing them on board to ensure all needs and requirements are met for the alliance members.

Furthermore, DataBroker DAO’s mission is to acquire the desired developers by the end of summer of 2018. Amongst their outstanding goals, there are still challenges being tackled. The company is trying to maintain consistent communication with their token sale participants and alliance members, as well as the rest of the world.

IoT Future

The main focus is on IoT sensor data owners and buyers. Providing they have a successful breakthrough, all DataBroker DAO partners and participants will receive long-term rewards from the fourth industrial technology revolution, backed by blockchain.

The Forging of New Alliances

DataBroker now welcomes three new alliance members. These alliances help bolster the security of the platform, as well as with crowd-sensing, project management and consulting work.

The first alliance member, Rivetz, produces embedded, blockchain-based mobile security solutions. Their technology offers maximum security for digital assets and transactions. Using Google Authenticator (a two-factor authentication software application), users are protected from any attacks, fraud or identity theft. On the other hand, Rivetz also offers a simpler protection service, without the need of passwords, PIN numbers, or 64-character private keys.

The second alliance member is SenLab, a cutting-edge mobile enterprise company. They provide an award-winning IoT dashboard for smartphones, as well as a gateway and API for testing, prototyping and piloting. SenLab are active in the crowd-sensing field and have a network of mobile device users who received reliable data in industries such as healthcare, safety, environmental monitoring, urban mobility, and social networking.

The final alliance member is Eurocon, a project management and consulting business who specialise in the management of technology, business clusters, innovation centres, new projects emerging in markets, and advanced digital programmes. Eurocon have been running on an IoT community event since 2011, notably used as a smart connection for Industry 4.0, logistics, healthcare, and supply chain industries.

DataBroker DAO’s collaboration with these three alliance members will help ensure they reach their target goals: DataBroker DAO drives the evolution towards truly ‘smart living’ by making this data easily accessible to cities, organizations and entrepreneurs at an affordable price.”

The team are encouraging all those interested to stay up to date on their Telegram channel or website.

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Image Courtesy: Databroker DAO

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DataBroker DAO Announces Double Token Distribution and Sets Sights on China while Extending Token Sale to June 30th 2018

The DataBroker DAO team have been pondering the next steps for the company, extending their token event to the 30th June, 2018 and for every DTX purchased, participants will now receive a bonus token, with the extra tokens being locked away for a 3 month period.

The DataBroker DAO platform has undergone many positive changes since its inception, as well as opening up a wide scope of vision for the project. As new opportunities have presented themselves, and so DataBroker DAO is more than pleased to reveal these new exciting details to everyone involved.

Token Sale Extension and Token Distribution Doubled

The DTX token sale period was coming to a close, and the community put forward several questions on the DataBroker Telegram, regarding whether or not unpurchased DTX tokens would be burned or not.

DataBroker came to a solid conclusion that the best and most fair solution for the community would be to continue to distribute them to the participants. For everyone that already has and will go on to participate in the DTX token sale, one it has concluded, users automatically receive an extra token for each one purchased in the token event. This naturally increases the base rate of 4000 DTX per 1 ETH to 8000 DTX, subject t a 3 month lock-up period.

DataBroker DAO Traveling To China

The DataBroker DAO team are planning to travel to china on what is expected to be a strategic and important trip for the company. DataBroker DAO will be postponing listing DTX on the CoinFalcon exchange until this extended period has drawn to a close. In the meantime, DataBroker DAO is in the process of having the DTX token listed on reputable Chinese exchange.

As the company is heading to China for two weeks, visiting Beijing and Shanghai with two additional cities in consideration; the goal of which is to introduce the platform to the Chinese markets and shoot for the 108 Million DTX sale target.

Continued Platform Development

DataBroker DAO is on track to launch the widely anticipated dataset feature that allows data purchases to sell “Processed Datasets” i.e AI, BigData, Aggregation, Enriched Data, and it will become live on the DApp this week. DataBroker DAO wholey believes this extra monetization option can generate waves of bold innovations on an unfathomable scale.

The DataBroker team has also been in talks with external experts to finalize release contracts, as well as implementing   “a bridge between the Ethereum Mainnet with the DTX token, and the Parity based proof of authority network that will run the application.”

DTX Token Sale

As mentioned previously, the token sale for the platforms native token DTX has been extended to June 30th, 2018. The rate of exchange is now 1 ETH per 8000 DTX; this is inclusive of participants who purchased DTX prior to this announcement. 4000 of the tokens earnt per ETH will be subject to a 3 month lock-up period.

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Databroker DAO — Bringing Data to the Masses

Ever-evolving Technologies Pave new Paths for Data Collection
As we progress ever further into a hyper-connected environment the ways in which users and companies are using and collecting data is an ever-evolving process. Data is collected by companies in a variety of ways in order to build a cyber profile. An example of this would be web browser cookies. This information helps companies target specific individuals with advertisements or products.

Today’s companies make use of “sensor data” collected from IoT devices to optimize and monitor their day to day operations. Internet of Things (IoT) is a broad term that encapsulates a multitude of physical devices embedded with electronics, software, and sensors connected via a network. In recent years, we have seen a 31% rise in online compatible devices leading to a figure of 8.4 billion recorded in 2017.  Industry experts have estimated that the figure could rise to over 30 billion IoT devices by 2020 as well as a market value of 7.1 trillion. A company looking to take advantage of this industry using the blockchain is Databroker DAO.

Databroker In a Nutshell
Data Broker DAO is the world’s first decentralized markets place which enables users to buy and sell IoT sensor data. Being a decentralized marketplace allows owners of devices with various sensors to create a substantial stream of revenue using their personal data. This in turn, gives opportunities to many companies in varying industries to acquire accurate data in an efficient and more importantly, in an ethical manner. By utilizing blockchain technology and therefore a decentralized marketplace had enabled data broker to increase efficiency and lower the costs, in turn, allowing more profit for sellers and lower prices to those buying the data.
Databroker aims to disrupt the IoT sensor data industry by revolutionizing the way in which sensor data is used. Devices that are often forgotten about in day to day activities generate a magnitude of specific data that many average people do not see the monetary value of. In regards to data researchers, this type of information is a gold mine.

Databroker’s decentralized marketplace has many stand out features that benefit seller and buyer in multiple ways. The need for a middleman has been eliminated lowering costs for all parties involved. By utilizing blockchain technology allows transparent transactions, inspiring trust from users as well as offering easy and efficient access to accurate and relevant data for companies and organizations alike.

DTX Token Sale Details

Databroker has just announced its public sale starting on April 26th, 2018 completing on the 26th of May. This public sale allows contributors to acquire DataBrokers DTX tokens at a reduced price. To ensure there are no regulatory issues in the future, Databroker has included a KYC procedure for all contributors, this is mandatory and must be completed before acquiring their DTX tokens.

Once completed this process and the confirmation email has been received backers are able to send ETH to the address listed and claim the specified amount of DTX tokens. DataBroker DAO has already signed up with multiple exchanges including Coin Falcon and Chankura to list their tokens a week after the sale ends, bringing public trading to all token users.

During the DTX token sale buyers have a chance to claim 4000 DTX tokens at the exchange rate of 1 ETH. A 10% discount was available to DTX token sales until April 26th, however a  generous referral system is still in place which offers buyers a 5% bonus on tokens sold.

To find out more more about DataBroker’s DOA platform and token sale, click here. For more insight, read Data Broker DOA’s Whitepaper. Users are also encouraged to chat with DataBroker DAO’s team on Telegram.

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