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Home News

Nokia has revealed its blockchain-based market for data trading

Bishop eL by Bishop eL
2 years ago
in News
Reading Time: 2 mins read
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Nokia, a telecom giant headquartered in Helsinki, revealed that he has launched the “Nokia Data Marketplace” blockchain market. Hyperledger Fabric blockchain is incorporated on the Marketplace and aggregates data from distributed sources to make machine learning knowledge favorable (ML).

According to Nokia, the blockchain AI solution will offer data and artificial intelligence (AI) modeling services to telecommunications and other companies.

This shift will allow AI to run on data locally and return key metrics without sharing the basic data.

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The transition enables AI to run data locally and to communicate key measurements without the underlying data and analytics being shared. It runs a learning machine model that guarantees that the data remains local. The framework is finally updated to upgrade the model without losing the underlying data.

In order to provide solutions to connected cars and also to contribute to improve smart towns, aeroespace, ports, energies and health, the once-dominant cell phone producer targets IoT info.

Blockchain – the ultimate data monetization facilitator
Ultimately, Blockchain turns to monetization of data and analysis. It has enabled markets for persons, companies and even businesses

Blockchain – the ultimate data monetization facilitator
Ultimately, Blockchain turns to monetization of data and analysis. It has allowed markets to directly exchange data and analytical information with individuals, companies and even intelligent entities.

The technology contributed to the monetization of driving data. The sharing of data and linked automobiles is a hot trend today. Denso and General Motors are also competitors who are already pulling strings in the industry. The new Blockchain mobility data sharing standards have recently been developed together by the MOBI Alliance.

However, Chinese automakers have also introduced their own blockchain link data-sharing solution

However, China’s car manufacturers have also introduced their own connected vehicle blockchain data sharing solution. Daimler operates an Ocean Protocol pilot elsewhere. Fetch has also worked with Bosch to provide group learning and to enhance the IAs of its equipment.

Nokia stresses “authorisation processes” and “trustful sharing of data,” nevertheless. It will focus on the monetization of data to speed up AI, ML and multi-party transactions are some of the critical areas listed by the service.

Tags: blockchaindata tradingnokia

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