This is a story about setting up a startup in a huge global future market. A story about intrapreneurial spirit – entrepreneurship within Nokia. Supported by Nokia’s Digital Innovation Acceleratorprogram, George Saleh and Drasko Draskovic have created Datapace, a decentralized, blockchain powered marketplace for secure and automated monetization and data exchange in a new era of valuable data being worth 200$ billion.
Vast amounts of data are being collected by networks and infrastructures and the numbers are increasing rapidly. How can all this valuable data be used and monetized?
It is the digital marketplace for IoT sensor data. Beyond IoT, Datapace can be used to trade any kind of data. One of Datapace’s main goals is to enhance the B2B market by offering a data market place powered by blockchain and the global network of sensors from trusted partners.
Companies such as telephone providers command large amounts of data that is being collected via their established sensor equipped network structures. Apart from their primary function to keep these networks running the collected data can be very useful and precious for businesses such as municipalities, transport companies and many others.
The Datapace data market allows proposing, selling and buying trusted data streams or data worldwide with data source verification with a simple click. Blockchain enabled microtransactions between the stakeholders take place at minimum cost. Money exchange with Datapace is simple. Transactions are taking place as pay per use transactions, invoicing is made at token purchase. High bank charges and complicated legal procedures will belong to the past.
Datapace offers blockchain powered secure transactions (private token) and automated smart contracts to sell and buy certified data streams or share revenues. It functions as a trusted monetization and data brokering platform. The Datapace data marketplace can be used to stream large volume of data from any source, IoT devices, physical assets, autonomous cars, drones, and many others. It enables you to integrate 3rd party data and monetize it through the same marketplace. The data is not being stored anywhere but transferred in real time.
Datapace also seems to set for a bright future: it might also be used for the integration of any data through Google BigQuery (data warehouse and dataset machine learning). It also provides a revolutionary Artificial Intelligence (AI) function that can be applied on the fly to enhance the value of the stream such as video analytics, stream conversion and machine learning (ML).
Datapace reached the minimal viable product (MVP) status in September and a test net will be launched in October. Customers are already trying out the product. The target clients are very divers: ranging from IoT, automotive, healthcare, energy, smart cities, safety, government to more endless opportunities.
Find out more on the OpEN Partners Network & OpEN library
https://open-ecosystem.org/partners/datapace
https://open-ecosystem.org/assets/datapace-decentralized-data-marketplace-based-blockchain
https://open-ecosystem.org/assets/data-market-place-powered-blockchain