Nokia Is Letting Consumers Monetize Their Data with Blockchain

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Blockchain data platform Streamr is partnering with Finnish telecom giant Nokia and California software firm OSIsoft to allow cellular clients to monetize their user data and make purchases. Chief executive Henri Pihkala declared the partnerships at CoinDesk’s Consensus 2018 conference Wednesday, while also conducting a live launch of its real time data market, whereby users may supply and subscribe to real time data streams. He explained in a statement that today marks an extremely significant day in Streamr’s history, not just showing our platform into the planet on platform at Consensus, but announcing two stellar partnerships.” . The partnership with Nokia will watch Nokia’s Kuha base stations incorporate with Streamr’s data market, allowing Nokia clients to monetize their user data and buy flows from Web of Things devices.

We recognize a developing movement of empowered cellular clients who wish to control and monetize their very own data, Martti Ylikoski, leader of the evolution of Nokia’s radio system, said in a statement, adding our partnership with Streamr reflects our firm belief in the system” . Participants purchase and sell real time data streams through ethereum smart contracts. Sellers and buyers use an ERC-20 token known as DATAcoin. The partnership with OSIsoft will see the firm’s enterprise clients gain the capability to make money for their operations data. Ealier in May, Streamr declared another partnership with Hewlett Packard Enterprise to use Streamr Engine – a data aggregator and analytics tool – to collect data feeds in an Audi Q2. Information picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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