Streamr, a blockchain data platform, partners with telecom giant Nokia and California-based software company OSIsoft to allow customers to monetize their user data and perform purchases, reported Coindesk on May 16.
Henri Pihkala, Chief executive at Streamr, announced the launch of its real-time data marketplace allowing users to provide and subscribe to real-time data streams at CoinDesk’s Consensus 2018 on Wednesday. Streamr CEO also announced the partnership between the three companies.
“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,” he mentioned.
Nokia’s Kuha base stations will integrate with Streamr’s data platform through the partnership, which will provide Nokia customers the chance to both monetize their user data and purchase streams from IoT devices.
Martti Ylikoski, Nokia’s radio system evolution lead, expressed,
“We recognize a growing movement of empowered mobile customers who want to control and monetize their own data. Our partnership with Streamr reflects our firm belief in the platform.”
Users will buy and sell real-time data stream with ethereum smart contracts. Ethereum’s ECR-20 token called DATAcoin will be used by the buyers and the sellers.