Nokia Enabling Data Sharing Via Blockchain Partnership
On Wednesday morning at Consensus 2018, blockchain data platform Streamr announced that it will be partnering up with telecom giant Nokia and software company OSIsoft to enable mobile users to monetize their data and make purchases.
CEO of Streamr, Henri Pihkala announced the partnerships at CoinDesk’s Consensus 2018 conference, while also directing a live launch of its real-time data marketplace. The web-based app will let providers list their real-time data streams and consumers to subscribe and buy the streams. The pricing and fee schedule terms will all be written in smart contracts which will run on the Ethereum blockchain.
Pihkala said in a statement “The launch of our Marketplace represents a pivotal moment for our platform and underlines our commitment to driving the future of data utilization and monetization.”
He went on to say that: “today marks a hugely significant day in Streamr’s history, not only showcasing our platform to the world on-stage at Consensus but announcing two stellar partnerships.”
The partnership will have Nokia integrate its Kuha transportable base stations into Streamr’s data marketplace, enabling Nokia users to connect with mobile data networks and monetize their data and purchase streams from the Internet of Things devices and sensors.
” Providing smart mobile coverage for up to four billion individuals across the world is a major challenge and current solutions don’t go far enough. We recognize a growing movement of empowered mobile customers who want to control and monetize their own data,”” Martti Ylikoski Nokia’s radio system evolution lead, said in a statement, adding that, “our partnership with Streamr reflects our firm belief in the platform.”
As mentioned above, participants can buy and sell real-time data streams via ethereum smart contracts. They will also have to use an ERC-20-based token called DATAcoin.
OSIsoft is an operational intelligence provider in the oil and gas industry and runs an enterprise platform which enables more than 1,000 utilities and infrastructure companies to gather, manage, analyze and visualize data.
By integrating OSIsoft’s PI Sytsem with the Streamr marketplace, the firm’s enterprise customers will be allowed to share and receive capital for their operations data.
“To realize our vision of a sustainable, equitable, and efficient data economy, we needed to create a space in which buyers and sellers could come together freely, and today we have achieved just that,” said the CEO of Streamr, adding that: “If people want to own their data, legislation won’t do that for us.”
Earlier in May, Streamr announced another collaboration, with Hewlett Packard Enterprise, which wil make use of the Streamr Engine – a data aggregator and analytics tool – to take data feeds from an Audi Q2.