Robonomics and Ocean Protocol Monetizing IoT Data and Creating a New Cyber-Physical Data Market

It’s unquestionable that the future of mankind is one filled with machines, IoT devices, and robots. Be it sensors, drones, assistant robots, they’ll all be generating abundant amounts of data through their activities and interactions with humans. Much of their generated data will be valuable to both individuals and companies.

Just take a few moments to imagine a future for yourself where you’d be able to monetize valuable data created by your robotic devices and turn that into a source of income by tokenizing it on the blockchain. Or one where your automated home environment can autonomously purchase or process helpful data to do its job better and make your life more convenient.

A collaboration between Robonomics, a platform for developers and engineers to connect IoT and ROS compatible devices to a digital economy and Ocean Protocol, which lets one monetize any kind of data is creating a future where machine data can be automatically monetized.

Through the use of Robonomics, IoT devices and robots can become economic agents for people. Simply put, they can partake in legal obligations, purchase things, and even participate in an open job market.

As mentioned previously, a robot economy naturally produces a lot of data, this is where Ocean comes in. Robonomics leverages Ocean Protocol and the creation of data tokens, a fundamentally new type of asset, to discover new pathways and use cases for automatically monetizing data generated by robots and IoT devices.

With a growing robotics and automation trend in everyday life, it is now already possible to quite easily see potential applications of such technology. An important and demanded one is the tokenization of environmental data obtained from a device, for example, a sensor or drone that measures soil, air, and water pollution.

The ability to tokenize and monetize such environmental data will allow for the emergence of new markets that revolve around concepts of carbon credits and citizen science. If…

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