Nokia Announces Blockchain-Based Data Marketplace

CoinEdition

Published May 07, 2021 05:14AM ET

Updated May 07, 2021 05:30AM ET

Nokia Announces Blockchain-Based Data Marketplace

  • Nokia (NYSE:NOK) has announced the Nokia Data Marketplace launch.
  • The company declared that clients could participate in the network of blockchain.
Nokia is a Smartphone maker company that has announced the Nokia Data Marketplace launch. Moreover, Nokia Data Marketplace is the enterprise-grade blockchain-based data marketplace infrastructure service of the company.

Recently, Nokia’s new blockchain service has reportedly provided data analysis and transactions within the framework of a secure private, permissioned blockchain infrastructure, according to the post on Nokia.

More so, Nokia declared that clients could participate in the network of blockchain. However, it leverages the advantages of decentralized technology for trusted data transfer.

The announcement adds,

“This [the Nokia Data Marketplace] enables a wide range of vertical use cases, including electric vehicle charging, environmental data monetization, supply-chain automation, and...

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