Streamr to enable Nokia clients to make money on blockchain-based user data streaming

16 May 2018

StreamrStreamr, a Switzerland-based technology company focused on blockchain data streaming, announced the partnership with Nokia and OSIsoft, a California-based software company, over enabling Nokia clients to make money on the data of their users and purchase stream from Internet of Things devices.

The announcement made the CoinDesk Consensus 2018 call on Wednesday, comes with the statement made by Streamr about its live launch of real-time data marketplace, where users may share and subscribe for real-time data streams.

Under the terms of the partnership, Nokia’s Kuha base stations will be integrated with the data marketplace of Streamr, creating an environment for Nokia clients to capitalize on the user data of their customers and buy real-time data streams.

The platform enables its members to purchase and sell data streams in the real-time format using Ethereum smart contracts. The transactions involve the use of ERC-20 standard token dubbed DATAcoin.

Martti Ylikoski, speaking for Nokia, noted: “We recognize a growing movement of empowered mobile customers who want to control and monetize their own data,” and added “our partnership with Streamr reflects our firm belief in the platform.”

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