Home Page ContentPress Releases Nokia launches blockchain-powered Data Marketplace for secure data trading and AI models

Nokia launches blockchain-powered Data Marketplace for secure data trading and AI models

by Brenda Lafeuillee
  • Designed to enable trusted exchanges and monetization of data via private blockchain
  • Accelerates initiatives in AI and machine learning through federated learning
  • Offers secure multi-party transactions to benefit a wide range of industries 

5 May 2021

Espoo, Finland – Nokia today announced the launch of Nokia Data Marketplace as-a-service to facilitate secure sharing of data and AI models, enabling digital transformation and data monetization for enterprises.

As data volumes continue to surge, AI and machine learning are increasingly crucial in business decision making. Nokia Data Marketplace is designed to help enterprises and communications service providers (CSPs) use data in strategic decision making, by providing real-time access to massive trusted datasets.

The new service also enables enterprises and CSPs to become data marketplace providers themselves, by monetizing data exchanges between customers or business ecosystem participants.

Nokia Data Marketplace ensures trusted data exchange and authorization mechanisms. This enables a wide range of vertical use cases, including electric vehicle charging, environmental data monetization, supply-chain automation and preventative maintenance powering numerous vertical segments, including transportation, ports, energy, smart cities and healthcare.Friedrich Trawoeger, Vice President, Cloud and

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