Streamr has called for interested IoT developers to grow with the community and join in on the marketplace.
The Data Union, a framework that allows IoT app developers to offer new data monetization opportunities to users, moves today from public beta to full launch.
By integrating the framework, app developers can empower their users to monetize the real-time information they create every day online using IoT, smart or connected devices.
Interested developers can also apply for seed funding from Streamr to create Data Union projects to help individuals take back more control of the data they create online.
By joining a Data Union, such as Swash, individuals can actually earn money as they browse the web. Streamr’s concept is designed to decentralize control of our information away from a few giant corporations.
The data is sent to a stream on the Streamr Network, and access to the pooled data is sold as a product on the Streamr Marketplace. Any revenue from the data product is automatically shared among the Data Union members and distributed as DATA, an ERC-20 Ethereum token.
Henri Pihkala, Streamr’s founder and CEO said: “We’re very excited about the potential of Data Unions and can’t wait to hear from developers who have ambitions to create their own. Democratizing the value of our data like this helps to decentralize the monopoly of a few giant corporations, putting control back in the hands of the individual user.”
To celebrate the launch Streamr is holding the ‘Data Challenge’ hackathon across India, starting later this month, in partnership with Lumos Labs. The 16-week challenge will see hundreds of developers from the subcontinent compete to build innovative apps around the Data Union technology.