Nokia Is Letting Consumers Monetize Their Data With Blockchain

Blockchain data platform Streamr is partnering with Finnish telecom giant Nokia and California software company OSIsoft to allow mobile customers to monetize their user data and make purchases.

Chief executive Henri Pihkala announced the partnerships at CoinDesk’s Consensus 2018 conference Wednesday, while also conducting a live launch of its real-time data marketplace, through which users can provide and subscribe to real-time data streams.

He said in a statement that “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.”

The partnership with Nokia will see Nokia’s Kuha base stations integrate with Streamr’s data marketplace, allowing Nokia customers to both monetize their user data and purchase streams from Internet of Things devices.

He said in a statement that “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.”