Streamr has Partnered With Nokia and HPE to Help Users Monetize Data

Nokia Corp partnered with Streamr - CoinShot

Blockchain Streamr startup has started a partnership with Nokia Corporation (Nokia) and Hewlett Packard Enterprise (HPE), among all offers, providing its technology to create a data marketplace. More details on the cooperation were provided during the 2018 consensus in New York. Marketplace by Streamr, which was launched on Wednesday, allows customers to place their data on blockchain, and then make profit by selling it to various organizations. Data can be collected from any device.

To create the platform, Streamr collected $27 million during the initial coin offering (ICO), which took place in 2017. The Swiss startup wants to tokenize the data through a new digital currency called DATAcoin (DATA), which takes 166th place on Coinmarketcap.

Streamr is working to help its customers monetize data collected on Nokia mobile base stations that are commonly used in rural areas. Farms also use these stations to use Internet sensors to predict weather and control irrigation.

Martti Ylikoski, head of the development of the radio system Nokia, told the media:

“Farmers want to have a meteorological station – they may also want to sell this data.”

And then he added:

“Providing intelligent mobile coverage for four billion people around the world is a serious problem, and existing solutions don’t go far enough. We recognize the growing movement of authorized mobile customers who want to monitor and monetize their own data.”

In the same way, Streamr partnered with the IT giant Hewlett Packard Enterprise last week, which developed a blockchain-based platform that allows to collect data about the car via its Edgeline service. Data can vary from fuel consumption and vehicle location to acceleration and transmission.

As the director of the HPE blockchain Raphael Davison said: “The data stored in your car is extremely valuable, and now our drivers just give it away”, and then he added:

“This kind of technology with blockchain allows you to have control over it, and so you control it, you can monetize it.”

The Streamr team is very pleased with its new partners, which is confirmed by the words of CEO Henri Pihkala:

“This partnership with HPE not only solves some problems related to smart cities, but also offers solutions to the issue of data ownership.”

On Wednesday, in addition to news about partnering with Nokia and HPE, the Streamr startup also became a partner with OSIsoft, which provides data and analytics software for operators in the oil and gas, mining, pharmaceutical, energy and manufacturing sectors.