Databroker (DTX)

 What Is Databroker (DTX)?

Databroker (DTX) is a blockchain-based platform that provides users with a peer-to-peer data marketplace. As cited on the website, Databroker was initially known as Databroker DAO. The platform serves as a home to many data purchasers and providers worldwide. Databroker aims to generate real business value from data. Users in Databroker can trade pre-defined data sets or find their ideal data partner in the platform through negotiable offers. As the platform is built over blockchain technology, purchased data gets securely transmitted directly between the two parties without touching the Databroker platform. 

Databroker provides a tailored DataMatch service for those having difficulty finding the required data. Depending on users' requirements, the platform's DataMatch Advisor, Vincent, searches for significant data partners from the extensive global network. Once the advisor gets what the user requires, the advisor connects users with them. Also, the platform does not charge any additional cost for the DataMatch service. To get the required data from Databroker, the user needs to explain the business requirement so that the platform understands the user's need. 

Databroker also provides a white-labeled Platform-as-a-Service solution (PaaS). A white-labeled PaaS enables data-rich companies to achieve and exceed their business ambitions by operating their data exchange platform. There are multiple benefits of the white-labeled technology of Databroker; firstly, it provides a simple, quick, and low-cost way to set up a custom data marketplace for any vertical. Secondly, it provides the ability for a company to exchange data securely. Lastly, it provides the ability to data providers to publish their data products on more data marketplaces with a few clicks, increasing their visibility and data sales.

Various data communities of the platform include:

• Geographics- The Geographics community consists of data that helps users better understand the earth's physical characteristics.

• Environment- The Environment community collects and organizes data to help users understand the interrelationships between humans and the natural world.

• People- The People community contains information about the characteristics of people.

• Agriculture- The Agriculture community includes data on primary industries like agriculture, mining, forestry, and fishing.

• Energy- The Energy community shares data about production, consumption, and trading, etc.

• Transport- The Transport community shares data about people, the movement of goods, and the transport industry. 

• Economic- The Economic community integrates data that help judge the health of an economy. 

DTX is the native token of the platform. Potential purchasers can use DTX token to search, find and purchase data. DTX token can be staked to ensure the quality of data getting traded.  

History of Databroker (DTX)

In late 2016, the sister company, SettleMint, came up with the idea of Databroker. The CEO and co-founder of Databroker is Mathew van Niekerk. Another co-founder of Databroker is Roderik van der Veer. The DTX token was released in 2017, and in 2019, Databroker DAO was rebranded as Databroker.