Streamr DATAcoin - Technology which will make a global data economy possible.

What is Streamr DATA coin?

DATAcoin is the means of compensation between data producers and consumers. It is also an incentive for running broker nodes in the P2P network. DATAcoin is the basis for karma, the reputation metric in the community. In a bigger picture, it is a way to gain exposure to data as a valuable commodity.

DATAcoin flows in the opposite direction from the data. (Taken from official whitepaper)  

Overview of Streamr Platform :

• This platform allows companies, developers, and private users to connect with one another.
• It serves as a global market that can facilitate real-time data exchange in a safe, encrypted fashion.  
• The project has a growing online community.
• There are a total of 677,154,514 DATAcoin tokens currently in circulation.

Overview of the functional model used by Streamr.  (Taken from official whitepaper)

Essentially, the network will facilitate a marketplace which is expected to release  on 16th May 2018 at Consensus 2018 event  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.It is also important to mention that Streamr helps create a real-time data backbone for a completely decentralized network that offers users with features such as:

• Scalability 
• Low latency
• Non-interoperable data delivery

Key features:

Streamr comes loaded with a wide array of innovative features that allow it to make the entire dApp construction process much more streamlined. Through the use of an end-to-end pipeline framework, this platform makes data storage, distribution and processing quite easy. 

(Taken from official whitepaper)

How Does Streamr DATAcoin work?

Streamr’s ecosystem consists of publishers, consumers, and brokers. All data is submitted as events to the network’s datastreams.As their name suggests, publishers commit data to the datastream in the form of events.  Some of this data is free to consumers, while other data needs be purchased using DATAcoin. 

Let’s consider a self-driving electric car. For optimal operation, it needs data from other machines, such as traffic congestion information from other cars, electricity prices on nearby charging stations, weather forecasts, and so on. Streamr provides a single interface for real-time data delivery and payment, making data streams tradeable using the DATAcoin token, The car can autonomously get the data it needs and pay for it. In turn, the car can sell the data it produces, such as traffic data to other cars, road condition measurements to a smart city, location and battery level to advertisers, and so on. A data stream economy is born.

Streamr Stack :

• Streamr Editor constitutes a usability layer and toolkit which enables rapid development of decentralized, data-driven apps
• Streamr Engine is a high-performance event processing and analytics engine that executes off-chain in a decentralized fashion. It can run on a decentralized computing provider such as Golem.
• Streamr Data Market is a universe of shared data streams which anyone can contribute and subscribe to.
• Streamr Network is the data transport layer, defining an incentivized peer-to-peer network for messaging in the decentralized data pipeline.
• Streamr Smart Contracts
  enable nodes in the Streamr network to reach consensus, hold stream metadata, handle permissioning and integrity checking, and facilitate secure token transfers.

Streamr Stack. (Taken from official whitepaper)  

Token Performance History: 

Streamr DATAcoin (abbreviated as DATA) entered the market on November 4, 2017. As can be seen in the graph above, the initial value of DATA was around US$0.072. However, the currency rose to a peak value of US$0.368 on the 7th of January, 2018. The price of a single DATA token currently stands at US$0.103.

DATAcoin token lifetime performance chart. (Courtesy of Coinmarketcap)

Final Thoughts : 

With Streamr providing users with the ability to create real-time data processing applications, it would not be surprising to see DATAcoin attract a lot of interest in 2018. 

Also, as when demand and popularity  of IoT application increases in future Streamr DATAcoin will be a hit.

If you’d like to start investing in Streamr, DATAcoin trading pairs are currently being offered on Ethfinex.