DataBroker DAO Updates on ‘Smart Islands’ Talks, as Token Event Closes in

DataBroker DAO is a blockchain solution for the Internet of Things (IoT), the market value in this industry is expected to soar by the end of 2019, with the estimated worth of sensor data at that point being USD 1.2 Trillion.

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As most of the industry in this space are using decentralized systems dominating the market, and the majority of IoT sensor data being locked away, around USD 120 Billion worth of “sought for others” data generated will also be locked away.

More Than Just Money

Blockchain-based platform DataBroker DAO is set on disrupting the IoT industry and creating a remedy that goes far beyond just unlocking a financial figure. The platform will give users the ability to improve the quality of the sensor data, allow public or private entities to monetize their data at their consent. Additionally, the platform provides a niche way for unlocking the enhancement of the economic and social developments on “Smart Island.”

The company believes Islands are the perfect playing ground for the DataBroker DAO solution, unlike cities, where some of the competencies are regional or even national, an Island always stands alone. Making it easier to roll out what is necessary to get everything completed. This is the reason DataBroker DAO will work together with all interested Islands to deploy white labeled front ends of the DataBroker DAO marketplace.

DataBroker and Quality Data

DataBroker DAO will ensure the data available on the platform is of the highest quality. DataBroker has taken on the masses of feedback from the community, token holders, and potential users, addressing the concerns and are set on upgrading the platform.

DataBroker DAO has a token curated registry, this enables users to stake the DTX token against a wide array of data they wish to sell using the platform, essentially requiring users to put their money where their mouth is.

An upcoming release will see the Alpha V2.0 upgrade rolled out, this will carry a new range of sensors located in Belgium. Designed to act as the interface for users to browse and search data built on the registry. The company has created a new decentralized application (DApp) that lessens the effort by discovering new and exciting data sets. Explainer Video Here.

DTX Token Event

The DataBroker DAO token generation event began on the 26th of April, 2018 and will draw to a close on the 26th of May, 2018 at 4 PM CET.

The token events exchange rate during the DTX sale is 1 ETH per 4000 DTX, the token will be available for public trading May 30th, 2018 on the CoinFalcon exchange.