Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum. It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
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