Blockchain Startup Streamr Partners With Hewlett Packard Enterprise To Monetize Car Data

Announcements, Blockchain | May 11, 2018 By:

Hewlett Packard Enterprise (HPE) has partnered with Swiss blockchain startup Streamr to create an integrated smart car platform which shares data with other vehicles over the blockchain.

Founded in November 2015 as part of splitting of the Hewlett-Packard company, HPE is a business-focused organization with two divisions: Enterprise Group, which works in servers, storage, networking, consulting and support, and Financial Services Group. The split was structured so that the old Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a newly created company. HP Inc. retained the old HP’s personal computer and printing business, as well as its stock-price history and original NYSE ticker symbol for Hewlett-Packard. Enterprise trades under its own ticker symbol: HPE.

Streamr’s platform allows users to take ownership of data generated from their devices, facilitating information transfer from buyer to seller directly and according to permissions defined by users themselves. The company aims to be the world’s leading information marketplace, where users can buy and sell real-time data from Internet of Things (IoT) and more traditional sources like finance, commerce, travel, weather and social media.

Under the partnership, the companies will integrate standard vehicle technology, HPE’s interfacing, and Streamr’s Engine to deliver vehicle data in real-time to the Streamr marketplace. HPE indicated that it was collecting information in real-time from the communications “bus” in the car, where hundreds of data points arrive from sensors within the car. That data, from fuel consumption and location, to acceleration and gearing, can then be sent straight to the Streamr platform.

The companies said the project will be demonstrated next week at the Streamr pavilion at ConsenSys 2018 in New York, where attendees will have the opportunity to see data “flowing” through a 3D Audi Q2 chassis.

Henri Pihkala, CEO of Streamr, said the partnership with HPE not only solves some of the challenges associated with smart cities, it also proposes a solution to the question of data ownership.

“We want to ensure that when drivers get in their car and produce valuable data, no one is reaping the rewards but them, and with Streamr, we will always keep our users in the driving seat,” said Pihkala. “Our current focus is the rollout of our data marketplace, but this is just the beginning for Streamr. Presenting individuals with an opportunity to monetize their data is one thing but encouraging vehicles to trade information between themselves in an economy where machines can “talk” to other machines in real time is a vital part of any smart economy. This is the future, and we are thrilled to be a part of it.”

Raphael Davison, worldwide director for blockchain at HPE, said that their main objective at HPE is accelerating time-to-value for their Enterprise Blockchain customers.

“We see blockchain use cases evolving into what we call blockchain 3.0: the intersection of blockchain, IoT, big data, AI and the Intelligent Edge,” Davison said. “Our partnership with companies like Streamr helps us bring this future closer to a reality.”