Home » Cryptocurrency News » Cryptocurrency News » Nokia announces blockchain-powered data marketplace Nokia announces blockchain-powered data marketplace May 6, 2021 Nokia’s permissioned blockchain platform will reportedly allow trusted data exchange and monetization among client participants.
2777 Total views
14 Total shares
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.
As part of the announcement, Nokia declared that clients across diverse industries can participate in the blockchain network, leveraging the benefits of decentralized technology for trusted data transfer.
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.”
As part of the vertical integration potential of its blockchain data marketplace, Nokia also stated that the new service could enable other communication service providers to develop similar networks.
“With Nokia Data Marketplace, enterprises and CSPs can now benefit from richer insights and predictive models to drive digital ways of working and tap into new revenue streams,” added Friedrich Trawoeger, vice president of cloud and cognitive services at Nokia.
Apart from trusted data exchange and monetization, Nokia is also reportedly eyeing the deployment of the new platform toward advances in artificial technology and machine learning via blockchain-based federated learning protocols.
Nokia becomes the latest company to debut a blockchain-based enterprise service as the market sector experienced significant growth in 2020.As previously reported by Cointelegraph, enterprise blockchain has been touted as a major adoption driver for 2021.
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.Share this: PayPal CEO calls on crypto industry to work hand in hand with regulators Compliance is key if you want to play the game, says PayPal CEO Dan Schulman.955 Total views 8 Total shares There is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes.On Dec.2, Schulman joined the Web Summit online conference to discuss… After Steem Voting Controversy and Hardfork, Binance Lists HIVE In response to customer demand, leading cryptocurrency exchange Binance launched trading support for the community-led Steem (STEEM) hard fork Hive (HIVE) on April 27.HIVE can now be traded against Bitcoin (BTC), Tether (USDT), and Binance Coin (BNB), however, withdrawals and deposits will not go live until April 29.While Huobi’s recently introduced support for HIVE skyrocketed… New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex.According to a court filing on Aug.19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors.In the filing, Judge Joel Coehn… Volatility derivatives project Volmex Finance attracts backing from VC giants Volatility derivatives are coming to DeFi with backing from several VC giants.
1988 Total views 14 Total shares A number of venture capital giants have completed a financing round for Ethereum-based volatility and derivatives protocol Volmex Finance.According to a March 17 announcement from Volmex Labs, the financing round was contributed to by several leading decentralized… Bitcoin Price Posts Strong Weekly, Monthly Closes — Traders Eye $11.9K Crypto traders fully understand that there is never a boring day in the sector and the month of November started with a handful of tantalizing news stories.On Nov.4, Bloomberg reported that two university researchers concluded that the entire 2017 Bitcoin rally to $20,000 was driven by one solitary whale.
The next day the Stellar… ‘Biggest Names in the Collectibles Space’ to Attend NYC Event on Non-Fungible Tokens Non-fungible tokens (NFTs) have been generating a buzz in the crypto world for some time — and now, a conference is being established where enthusiasts and entrepreneurs can delve deeper into these digital assets, exploring the latest trends and uncovering new opportunities in the market.NFT NYC is taking place on Wednesday, Feb.20 at the… Blockchain Tech May Soon Fuel Medical Tourism in South Korea A consortium aims to strengthen medical tourism in South Korea by launching a blockchain-powered platform.1267 Total views 33 Total shares In Busan, a private-public consortium in South Korea announced their intention to build a blockchain-powered medical tourism platform.No deadline for launch is currently set.According to Gyeongnam Ilbo, the initiative will be led by… Bitcoin Price ‘Golden Cross’ Hints at 170% Rally to $26K by Halving Bitcoin (BTC) can hit $26,000 in just two months thanks to a bullish event that previously triggered 170% price gains.As noted by Cointelegraph Markets analyst, Keith Wareing, on Feb.18, this week saw Bitcoin’s ascending 50-day moving average cross over its 200-day moving average.Bitcoin 1-year price chart with 50 and 200-day moving average.
Source: TradingView Known… Deloitte Outlines Five Major Obstacles to Blockchain’s Mainstream Adoption “Big Four” audit and consulting firm Deloitte has outlined five basic areas of development for blockchain technology in order achieve widespread adoption, according to a study published September 28.According to Deloitte, in order to be adopted by enterprises on a mass scale, blockchain technology should overcome five major obstacles – the possibility of time-consuming operations,… Leave a Reply Search.
