Streamr, The Decentralized Real-Time Data Economy, Launches Registration Window for Crowd Contribution Period

ZUG, Switzerland, October 6, 2017 /PRNewswire/ --

Streamr, the decentralized real-time data economy, today announced that the Streamr Crowd Contribution Period will commence today, Friday, October 6, 2017, at 12 noon UTC. Tokenizing real-time data, Streamr facilitates a new way for machines and people to trade data on a decentralized P2P network. Last month, it reached its 5 million CHF pre-contribution hard cap in 25 minutes.

Streamr CEO and Co-founder Henri Pihkala said, "There has never been a better time to bring independence to our data systems, providers, and users. The Streamr platform looks to directly challenge the fundamental inequality and vulnerability of traditional data infrastructures and ultimately revolutionize how we view data."

After becoming frustrated with the inefficiencies and limitations associated with centralized data distribution systems, Henri Pihkala, Nikke Nylund and Risto Karjalainen co-founded Streamr Network AG in order to provide a platform that offers scalable, low-latency, and secure data delivery. Using high-level building blocks Streamr allows for data streams, smart contracts, and decentralized computing resources to be interconnected in a low-code environment.

Opening on September 14, the Streamr pre-contribution window was the first of its kind on Bitcoin Suisse, the world's leading crypto-asset broker and asset manager. Operating on a registration model, interested parties underwent a thorough Know Your Customer (KYC) evaluation prior to participating.

"The immense success of our pre-contribution period went far beyond our expectations. In light of this, and in anticipation of an equally successful crowd contribution period, we have worked tirelessly to deliver an excellent participant experience without compromising compliance or security," added Pihkala.

Connecting producers and consumers, Streamr aims to create a market for real-time data. The Data Market categorizes and showcases publicly available data streams. The Streamr token, DATAcoin, is needed to access and operate the market, and to compensate nodes in the P2P network. Subscribers pay for the data with the token while producers and participants are reimbursed automatically and securely.

The Streamr Crowd Contribution Period will follow the same KYC model as its pre-contribution window, and in order to increase transparency, registration will open on October 6, 2017. This will guarantee that all correctly submitted applications will be processed by the start of the official contribution period which will run until October 9, 2017, registrations after this time will be considered late and only processed on a best-effort basis. The Contribution Period will take place from October 12, 2017 at 12:00 noon UTC through October 26, 2017.