Review on Streamr by Fanuel PORPORTY
Streamr: Platform For Real Time Data Exchange
Streamr provides multiple data to many decentralized applications (dApps). It’s the backbone of a supercomputer. It is a highly scalable decentralized network (which is capable of increasing load), with low latency and which delivers secure data thanks to DATAcoin tokens.
Anyone can integrate a data flow and anyone can use it in decentralized or smart-contract applications. To encourage users to participate in the network, there is a mechanism for monetizing the data transmitted to it. So anyone can trade, sell and buy data. From professional to individual, everyone produces data that may be of interest to someone else.
The aim is to enable the valuation and exchange of secure data for connected objects (IoT). The machines will be able to automatically sell and buy data between them.
Streamr also wants to include an engine allowing the creation of decentralized applications and smart-contracts which can interact together through thousands of machines. Streamr’s idea is to become the simplest and most secure way to create and exchange data in real time.
It will also be possible to use this data through applications, decentralized or not, and smart-contracts which will interact with blockchain technology.
Pros
- However, what cannot be denied is the value that is unlocked by creating a market for real-time data to be exploited in order to create more efficiency for the sensors and connected devices in manufacturing, service sector and supply chains.
Cons
- The adoption of the Ethereum blockchain means that in many ways the success of Streamr is linked to the success of Ethereum. This can be seen as an advantage or a disadvantage depending on everyone's point of view on how the ethereum blockchain works.
