Swiss blockchain startup Streamr made major announcements at Consensus 2018 in New York – the launch of its real-time data marketplace and its partnerships with consumer electronics giant Nokia and OSIsoft, a leader in operational intelligence.

The announcements come on the heels of Streamr’s recent partnership with Hewlett Packard Enterprise to monetize vehicle data in real-time.

Data Marketplace

The data marketplace will connect data producers and consumers. It 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. Terms of use, pricing schedule, and time-based access control are coded in Ethereum smart contracts. By using Streamr’s cryptographic token, DATA, it is possible to make data streams around the globe freely tradeable.

“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. 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,” Henri Pihkala, CEO of Streamr said.

Partnership with Nokia

The partnership is aimed at enabling Nokia customers to monetize their data. Streamr will play a role in building the next generation of mobile base stations. Under the partnership, Nokia’s Kuha transportable base stations will be integrated into Streamr’s data Marketplace, enabling Nokia customers to monetize their data while receiving a better offer when it comes to connecting to a range of IoT sensors and devices. Users of the base stations will 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. 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,” said Martti Ylikoski, Radio System Evolution Lead at Nokia.

Partnership with OSIsoft

Streamr’s partnership with OSIsoft will focus on enabling new business cases and data sharing solutions that are not currently available on the market.

“By integrating OSIsoft’s PI System with the Streamr Marketplace, we take a step toward offering our customers the ability to share and monetize their operations data. The partnership with Streamr demonstrates how the 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,” said Richard Beeson, CTO of OSIsoft.