Yesterday Nokia announced a new blockchain powered offering to enable data to be sold and used for AI and machine learning. Called Nokia Data Marketplace, the objective is to motivate enterprises and telecoms firms to share their data by offering them a monetary incentive.
The solution uses the Hyperledger Fabric enterprise blockchain and its permissioning to ensure the security and integrity of the data that’s exchanged. Ultimately the objective is to aggregate data from distributed sources for machine learning. It also enables federated learning in which data stays local, runs a machine learning model, and feeds back updates to improve the model without sharing the underlying data.
In many cases, the data might come from IoT devices. Nokia envisions the solution being used in numerous sectors from connected cars and aerospace to ports, energy, smart cities and healthcare.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
