IoT: Sensor-as-a-service, run by blockchain, is coming

IoT: Sensor-as-a-service, run by blockchain, is coming

Telecommunications equipment maker Nokia has launched a turnkey, sensor-as-a-service offering for Internet of Things (IoT) networks.

The idea behind the product is to provide a way for mobile network operators (MNOs), many of which use Nokia cell site equipment, to monetize existing infrastructure, such as towers, by selling live environmental sensor data to cities and others.

MNOs increasingly are looking for new revenue sources as consumer smartphone growth plateaus. And cities need to adopt digital strategies to manage assets, increase efficiencies, and keep stakeholders happy. For example, they need granular real-time data about public transportation flow and air quality to ensure they comply with regulations—that the traffic is flowing and no illegal garbage is burning.

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