Paying an annual or monthly bill requires a centralized accrual system, which often accrues billing fees. This is one potential example.
Accruals and billing are made for humans to manage finances in a timely way as we have certain limitations. In a machine to machine economy, the need for accrual and billing isn't necessary if debits and credits can be ...
Paying an annual or monthly bill is only possible when:
seller and buyer trust each other with the high annual amounts (buyer pays in advance but doesn't get data or seller sends data in advance but doesn't get money)
buyer never or rarely ever changes the data provider
buyer doesn't need data just once
the buyer doesn't want to trust anyone with ...
Short Answer: Nothing
Long Answer: It is exactly the same with music and TV series. They also get re-uploaded illegally in the darknet.
This problem is, however, unrelated to IOTA and as ben75 already said in his comment more a 'licensing' problem.
As a result of this data publishers may increase their prices, so rebroadcasters have to pay more. As a ...
You cant register or buy data at the moment. We have to wait a little longer for the full release.
A similar question has already been asked.
The new Data Marketplace API isn't released yet, this is due in December.
This will probably just take some JSON sensor data so you might be
able to set that up already. I expect that the first version of the
An alternative answer to this question is that IOTA's primary current vision is a machine to machine economy. The machine to machine economy may not have any need for conversion to FIAT, and will generate a more stable IOTA value over time. It is likely that if the machine economy becomes big enough and IOTA is adopted enough, that the value of IOTA will ...
Even with small amounts of IOTA instant conversion to FIAT (or any other stable cryptocurrency) would be possible (e.g. you can sell single IOTAs on exchanges at the current price but you can only withdraw after you have $10)
All exchanges I know only display FIAT with 2 decimal place accuracy currently but it would be easy to implement any amount of ...
A datastream in secured by Masked Authenticated Messaging technology (aka MAM). It means that every message is encrypted and signed by the owner of the channel. The signature guarantee the data integrity (i.e. it guarantee that the content of the message is exactly what the owner of the channel put in the message).
Transaction confirmation is only relevant ...
The data marketplace uses the Masked Authenticated Messaging IXI Module of IOTA.
There are different Privacy & Encryption Modes in MAM which allow encrypted transfer of data.
The decryption key would either be transferred encryped through the tangle or through some secure channel.
Dominik Schiener said in one of his latest tweets that they are currently "working with selected hardware providers".
8/ With all of this, we hope to
launch a production ready marketplace in 2018, and are already now
working with selected hardware providers on integrating MAM in their
SDK's.— Dominik Schiener (@DomSchiener) 28.
Another important point which isn't covered in the others answers:
You don't have to pay directly a high amount or later a high amount. As a company it gives you the freedom and ability to work with your money in realtime. You don't need complex models for how you should work with your money. How and when you pay who, how liquid you need to be. There are ...
The IOTA Data market place is currently just a demo. That said you are actually paying for a subscription to a data stream, not just per request. By paying you get the "frequency" or secret key for that data stream. Payment for data streams is an option but not required; It's a good way to monetize data without having to deal with payment fees. If you want ...
First of all you have to own the data and the data has to fulfill certain legal requirements.
No real world payments or other real world financial consequences will
result from this experiment. All data being contributed to this proof
of concept is either non-sensitive data of which the participants are
the authorized owners and/or is publicly ...