Nokia announces a blockchain-based data marketplace
Earlier today, Nokia announced the launch of Nokia Data Market – the company’s enterprise-level blockchain-based data market infrastructure service. Unlike ordinary public chains, the Nokia blockchain is a private chain. The operation and maintenance of this blockchain are entirely with Nokia. In an official statement, Nokia revealed that the new blockchain service provides data transactions and analysis functions within the framework of a secure, private, and authorized blockchain infrastructure.
The service will allow its partners from various industries to collaborate through private chains. It will use AI and automation mechanisms in real-time to cope with the rapidly increasing amount of data. Furthermore, it will ensure safe and reliable access to data for effective business decisions.