Blockchain Startup Streamr Launches Realtime Data Marketplace, Partners With Nokia And OSIsoft

Announcements, Blockchain | May 17, 2018 By:

Swiss blockchain startup Streamr has partnered with Finnish telecom giant Nokia and California software company OSIsoft to enable consumers to control and market tokenized data.

The partnerships was announced at the Consensus 2018 conference Wednesday, where Streamr CEO Henri Pihkala also conducted a live launch of the company’s real-time data marketplace. The marketplace is a web-based application where data providers can list real-time data streams and data consumers can subscribe and pay for access to those data streams. The pricing and fee schedule terms are all codified in ethereum smart contracts.

“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,” said Pihkala. “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.”

Nokia’s partnership with Streamr will allow the telecom giant to integrate its Kuha transportable base stations with the real-time data marketplace. The integration will enable Nokia customers to monetize their data while receiving a better offer when it comes to connecting to a range of Internet of Things (IoT) sensors and devices. Users of the base stations will also be able to buy and sell data worldwide.

“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,” said Martti Ylikoski, Radio System Evolution Lead at Nokia. “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, as well as our commitment to better serve our customers.”

Streamr’s partnership with OSIsoft is aimed at enabling new business cases and data-sharing solutions. OSIsoft is a provider of operational intelligence in the oil and gas industry. The company’s PI System, a suite of software products that are used for data collection, allows more than 1,000 utilities and infrastructure companies to collect, manage, analyze and visualize data.

“By integrating OSIsoft’s PI System with the Streamr marketplace, we take a step toward offering our customers the ability to share and monetise their operations data,” said Richard Beeson, CTO of OSIsoft. “The partnership with Streamr demonstrates how our PI system can plug into an open source platform and highlights our commitment to empowering our customers to maximize the value of their business operations data. Together with Streamr, we can be the enablers of innovation in the ever-evolving data market.”

The announcement came a week after Streamr announced its partnership with Hewlett Packard Enterprise (HPE) to create an integrated smart car platform which shares data with other vehicles over the blockchain.