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Streamr

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Streamr DATAcoin
Streamr.png
Ticker symbolDATA
Development
Original author(s)Henri Pihkala, Nikke Nylund
White paperUnstoppable Data for Unstoppable Apps: DATAcoin by Streamr
Initial release25 July 2017 (2 years ago) (2017-07-25)
Websitestreamr.com
Ledger
Circulating supply677,154,514 DATA
Valuation
Exchange rateIncrease US$0.3570  (2018)
Market capIncrease US$242 million (2018)

Streamr Network AG (or Streamr) is a Switzerland-based technology company. The company is building a decentralized low-latency,[1] data streaming platform for monetizing data produced by the Internet of Things, utilizing and a cryptocurrency.[2] Streamr's roots are in Finland and the company's current products include a web-based editor for programming real-time data streams.[3][4][5][6][7][8][9]

The platform received crowdfunding for the value of 25 million euros, with an ICO, to be decentralized and open sourced,[10][11] using, in part, the Ethereum blockchain.[12][13][14]

Streamr's leadership includes CEO Henri Pihkala, COO Risto Karjalainen, CDO Matt Innes and Shiv Malik as Head of Communications.[15][8]

Technology[edit | edit source]

Streamr strives to build a marketplace for real-time streaming data, and to re-implement its existing platform around decentralized technology. The distributed version of the company's technology is based on the Ethereum blockchain, and a low-latency p2p network, which remains under development.[16][17][9]

The role of the purpose build p2p network is to distribute data streams that have been purchased by users. The company envisions a future where, for example, urban environments may generate a lot of data from sensors. [18][19][8]

Before its crowdfunding campaign in the fall of 2017, Streamr released a whitepaper on the company's decentralization plans, which argues that the role of the blockchain must be limited to verification and authentication, due to scalability limitations. The whitepaper states that the Ethereum blockhain is ideal for building so-called smart contracts, but considerably too slow for distributing real-time data streams.[20]

In this respect, Streamr's approach differs from that of IOTA, a different cryptocurrency based platform, which uses a non-blockchain distributed ledger for both data and payments.[21] [22][23]

Corporate move and restructuring[edit | edit source]

During 2017, Streamr Network AG was established in Zug, Switzerland, by the partners of Helsinki, Finland based limited company Streamr Oy. Streamr Network AG acquired all rights to the Streamr name and trademarks. The original Finnish company was renamed Data in Chains Oy.[24][8]

The old company, now Data in Chains oy, had previously developed a centralized, currently operational version of Streamr's planned technology.

After the restructuring, in the fall of 2017, Streamr AG arranged a crowdfunding, or Initial coin offering (ICO). The crowdfunding relied on the sales of an ERC20-based token, at a set price. The sale was based on development milestones laid out in the company's whitepaper, which the company states will create the promised decentralized platform. The company later specified focusing on first building a decentralized marketplace.

The crowdfunding took place on a platform provided by the Swiss company Bitcoin Suisse, which enabled practices such as Know your customer.[25][26] The funding collected 25 million euros. Streamr declared the crowdfunding a success and has moved on to develop the planned platform.[27]

Attempts at self-regulation by ICO funded businesses are based on concern around regulation, according to which crowdfunding with currencies might be considered trading regulated financial instruments.[28][29]

References[edit | edit source]

  1. Floyd, David (2018-02-13). "Blockchain Could Make You—Not Equifax—the Owner of Your Data". Investopedia. Retrieved 2018-03-02.
  2. "Blockchain-ideoilla kerätään satoja miljoonia, osa kampanjoista pelkkää kuumaa ilmaa – mistä ico-anneissa on kyse?". Mikrobitti (in suomi). Retrieved 2018-03-02.
  3. "Streamr on Euroopan kolmanneksi paras digitaalisen infrastruktuurialan kasvuyritys" (in suomi). Retrieved 2018-03-02.
  4. "The easy way to extract the value in real-time data" (PDF). European Institute of Innovation and Technology. Retrieved 2018-03-02.
  5. "Maailman kryptovaluuttojen arvo on jo liki 700 miljardia dollaria – asiantuntijat kertovat, mitä kryptohuuma tuo tullessaan". Yle Uutiset (in suomi). Retrieved 2018-03-02.
  6. "Streamr | Crunchbase". Crunchbase. Retrieved 2018-03-02.
  7. "Alma Media sai Googlelta rahaa uutisautomaation kehittämiseen". Arvopaperi. Retrieved 2018-03-02.
  8. 8.0 8.1 8.2 8.3 "Disruption by Blockchain Part 83: Shiv Malik - Streamr - DisruptorDaily". DisruptorDaily. 2018-03-26. Retrieved 2018-03-27.
  9. 9.0 9.1 "Streamr: Data Streaming Marketplace with Henri Pihkala". Software Engineering Daily. Retrieved 2018-03-27.
  10. "Why we've made our code open source". Streamr blog. 2018-02-23. Retrieved 2018-03-02.
  11. "Streamr's Github page". GitHub. Retrieved 2018-03-02.
  12. "Announcing the Streamr DATAcoin ICO". Streamr blog. 2017-08-31. Retrieved 2018-03-02.
  13. "Suomalaisten kehittämä kryptovaluutta huomenna ulos – kokosi hetkessä 25 miljoonaa euroa". Kauppalehti. Retrieved 2018-03-02.
  14. "Streamr Token Launch". token.streamr.com. Retrieved 2018-03-02.
  15. "Streamr". www.streamr.com. Retrieved 2018-03-02.
  16. Barzilay, Omri. "Can Blockchain And AI Accelerate The Arrival Of The IoT Economy?". Forbes. Retrieved 2018-03-02.
  17. "Streamr: Data Streaming Marketplace with Henri Pihkala". Software Engineering Daily. Retrieved 2018-03-27.
  18. Karjalainen, Risto (2017-12-07). "Could Decentralized Data Have The Potential To Power Smart Cities?". NASDAQ.com. Retrieved 2018-03-02.
  19. "How the Internet of Things Has Impacted Small Businesses". TechCo. 2017-12-11. Retrieved 2018-03-02.
  20. "Unstoppable Data for Unstoppable Apps: DATAcoin by Streamr". Streamr. 2017-07-25. Retrieved 2018-03-02.
  21. Hoffer, Jim. "Jim Hoffer - The Rising Star Of The Cryptocurrency World". Townhall. Retrieved 2018-03-02.
  22. "The Streamr way of doing IoT - meet IOTA's Ethereum based rival". www.cryptoninjas.net. Retrieved 2018-03-02.
  23. "Why Blockchain is the Solution to Keeping Up With the Rapidly Expanding IoT Ecosystem - bitcoiner today". bitcoiner today. 2018-02-05. Retrieved 2018-03-02.
  24. "Data In Chains". www.datainchains.com. Retrieved 2018-03-02.
  25. "Streamr Public Crowd Contribution". Bitcoin Suisse. Retrieved 2018-03-02.
  26. "Henri Pihkala's comment". reddit. Retrieved 2018-03-02.
  27. "Welcome to our Trello roadmap!". Streamr blog. 2018-02-12. Retrieved 2018-03-02.
  28. "ICO regulation inconsistent as cryptocurrency bubble fears grow". Financial Times. Retrieved 2018-03-02.
  29. Hern, Alex (2017-09-05). "Cryptocurrency boom stalls as regulators focus on ICOs". the Guardian. Retrieved 2018-03-02.


This article "Streamr" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Streamr. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

External links[edit | edit source]



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