Nokia and Streamr Announced Partnership To Enable Users to Monetize Their Data

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Companies in every single field are signing partnerships so as to offer different blockchain solutions and products. This time, Nokia and Streamr have decided to sign a partnership so as to enable mobile users to monetize their data and make purchases.

Nokia And Streamr Partnership

The information of this partnership has been released by Strramr CEO, Henri Pihkala, at the Consensus Conference in New York. In addition to Nokia and Streamr, OSIsoft will be helping these companies to provide this new service.

Nokia

OSIsoft is a company that works in the oil and gas industry that enables over 1,000 utilities and infrastructure companies to analyse and visualize collected data.

Pihkala commented:

“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. 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.”

Nokia will be able to offer its users a connection with mobile data networks which would allow them to monetize their data and purchase streams from the IoT devices and sensors.

Martti Ylikoski, Nokia’s Radio System Evolution Lead, said:

“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, and our partnership with Streamr reflects our firm belief in the platform.”

Integration With OSIsoft

With the integration with OSIsoft, customers will be allowed to share and receive capital for their operations data. OSIsoft will be integrating its PI System with the Streamr marketplace so as to offer the proposed solutions.

“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,” said Streamr’s CEO.

This partnership comes months after Facebook was involved in a controversy over the data it manages from its users. The main intention of Nokia and Streamr is to allow users manage their data and earn tokens every time they decide to share it with enterprises and other companies.

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