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Nokia Is Letting Consumers Monetize Their Data With Blockchain

Blockchain information platform Streamr is partnering with Finnish telecom massive Nokia and California device corporate OSIsoft to permit cellular shoppers to monetize their person information and make purchases.

Chief govt Henri Pihkala introduced the partnerships at CoinDesk’s Consensus 2018 convention Wednesday, whilst additionally accomplishing a reside release of its real-time information market, wherein customers can give and subscribe to real-time information streams.

He stated in a observation that “these days marks a massively important day in Streamr’s historical past, no longer most effective showcasing our platform to the sector on-stage at Consensus however saying two stellar partnerships.”

The partnership with Nokia will see Nokia’s Kuha base stations combine with Streamr’s information market, permitting Nokia shoppers to each monetize their person information and buy streams from Internet of Things units.

“We acknowledge a rising motion of empowered cellular shoppers who need to keep an eye on and monetize their very own information,” Nokia’s radio gadget evolution lead Martti Ylikoski, stated in a observation, including, “our partnership with Streamr displays our company trust within the platform.”

Participants purchase and promote real-time information streams via ethereum sensible contracts. Buyers and dealers use an ERC-20 token known as DATAcoin.

The partnership with OSIsoft will see the company’s endeavor shoppers achieve the power to become profitable for his or her operations information.

Ealier in May, Streamr announced every other partnership, with Hewlett Packard Enterprise, to make use of the Streamr Engine – an information aggregator and analytics device – to gather information feeds from an Audi Q2.

Data image by means of Shutterstock

The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic requirements and abides by way of a strict set of editorial policies. CoinDesk is an unbiased running subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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