Swiss startup Streamr has partnered with Nokia, HPE, and OSIsoft, providing its blockchain technology for projects that help users collect data and monetize it. Blockchain startup Streamr recently partnered with Nokia and Hewlett Packard Enterprise (HPE), among others, sharing its technology to create a data marketplace.

More details about the collaborations were unveiled during the Consensus 2018 event in New York City. Streamr’s marketplace, which was launched on Wednesday, enables customers to put their data on blockchain and then generate profits by selling it to different entities.

Data can be collected from any kind of device. To create the platform, Streamr raised $30 million during an initial coin offering (ICO) held in 2017.

The Swiss startup wants to tokenize the data via a new digital currency called DATAcoin (DATA), which ranks at number 166 on Coinmarketcap. Streamr partnered with Nokia to help its customers monetize data collected on the latter’s mobile base stations, which are generally used in rural zones.

The farms also use these stations to leverage Internet-based sensors to predict the weather and control irrigation. Martti Ylikoski, Nokia’s head of radio system evolution, told media: “Farmers want to have a weather station—they might also want to sell that data.” “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. Read more from cryptovest.com…

thumbnail courtesy of cryptovest.com