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Nokia Is Letting Consumers Monetize Their Data with Blockchain

Blockchain text platform Streamr is partnering with Finnish telecom giant Nokia and California software troop OSIsoft to allow mobile customers to monetize their user figures and make purchases.

Chief executive Henri Pihkala announced the partnerships at CoinDesk’s Consensus 2018 seminar Wednesday, while also conducting a live launch of its real-time materials marketplace, through which users can provide and subscribe to real-time facts streams.

He said in a statement that “today marks a hugely impressive day in Streamr’s history, not only showcasing our platform to the world on-stage at Consensus but notifying two stellar partnerships.”

The partnership with Nokia will see Nokia’s Kuha wretched stations integrate with Streamr’s data marketplace, allowing Nokia purchasers to both monetize their user data and purchase streams from Internet of Preoccupations devices.

“We recognize a growing movement of empowered mobile customers who long for to control and monetize their own data,” Nokia’s radio system progress lead Martti Ylikoski, said in a statement, adding, “our partnership with Streamr reflects our dogged belief in the platform.”

Participants buy and sell real-time data streams from head to foot ethereum smart contracts. Buyers and sellers use an ERC-20 token required DATAcoin.

The partnership with OSIsoft will see the firm’s enterprise fellows gain the ability to earn money for their operations data.

Ealier in May, Streamr hint ated another partnership, with Hewlett Packard Enterprise, to use the Streamr Locomotive – a data aggregator and analytics tool – to collect data feeds from an Audi Q2.

Information image via Shutterstock

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