Streamr DATAcoin DATA

$0.0150
Market Cap $ 10.172 MM (#210)
24h Volume $ 271.129 K
Chg. 24h: 1.22%
Algo. score 3.3/5  (#325)
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Streamr DATAcoin project purpose and description

Streamr DATAcoin clarity of purpose

Streamr DATAcoin purpose and aspects

The token will be needed for at least two purposes: 1= Streamr Network usage. 2 = Payment for data licenses in case of non-free data on the Streamr Marketplace.

Short description

Streamr provides a complete system to tokenize the value of real-time data to enable a new way for machines and people to trade it on a decentralised P2P network.

Abstract

Streamr delivers unstoppable data to unstoppable applications. It is the real-time data backbone of the global supercomputer. It is a decentralized network for scalable, low-latency, untamperable data delivery and persistence, operated by the DATAcoin token. Anyone — or anything — can publish new data to data streams, and others can subscribe to these streams to power Ðapps, smart contracts, microservices, and intelligent data pipelines. To incentivize user participation in the network, there's a built-in mechanism for data monetization. Valuable data from security exchanges, connected devices, IoT sensors, and social media can be offered to companies, developers, and private citizens. Machines can autonomously sell their data, get paid, and purchase the data they require. A global market for real-time data emerges, with built-in data provenance, encryption, and access control. Alongside the decentralized data network and marketplace, the full Streamr stack includes a powerful analytics engine and a UI for rapid development of real-time Ðapps. Data streams, smart contracts, and decentralized computing resources can be interconnected in a low-code environment using high-level building blocks. Streamr will be the easiest place to create real-time, data-driven, and trustworthy blockchain applications.

Link to Roadmap: https://blog.streamr.com/ https://www.streamr.com/faq#roadmap
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