Nokia announces blockchain-powered data marketplace

Nokia’s permissioned blockchain platform will reportedly allow trusted data exchange and monetization among client participants. Smartphone maker Nokia has announced the launch Nokia Data Marketplace — the company’s enterprise-grade blockchain-based data marketplace infrastructure service.

In a release issued on Wednesday, Nokia revealed that its new blockchain service reportedly offers data transaction and analysis within the framework of a secure private, permissioned blockchain infrastructure.

An excerpt from the release reads:

“This [the Nokia Data Marketplace] enables a wide range of vertical use cases, including electric vehicle charging, environmental data monetization, supply-chain automation and preventative maintenance powering numerous vertical segments, including transportation, ports, energy, smart cities and healthcare.”

This significant growth in the enterprise blockchain arena has also positively impacted the price action of decentralized ledger technology projects that are building solutions in this market segment. Indeed, enterprise-focused cryptocurrencies like Stellar Lumen (XLM), XinFin Network’s XDC, and XRP have experienced upward price movements in recent times.

Reference :

Hits: 31

Author: Priyanka

Leave a Reply

Your email address will not be published. Required fields are marked *