The Swiss blockchain-backed data monetization platform Streamr is deepening its relationship with Singapore-based Fysical, which operates a decentralized location data market, with the partners launching a European pilot project to build a countrywide traffic model of Georgia.
Streamr and Fysical aim to use real-time aggregated location data to more accurately inform and shape traffic models and future road planning decisions. The collaboration will make use of data from mobile apps on 10 million phones to enable the development of new and improved infrastructure in an industry that has largely relied on limited information. Through its collaboration with Fysical, Streamr aims to demonstrate a significant use case of how data can be collected, modeled and used to improve the delivery of transport planning services within the infrastructure industry.
Streamr has procured Bold Native Advisors (Native), a UK-led Philippines-based multidisciplinary consultancy, to build a traffic model of Georgia using aggregated location data obtained from apps on Apple and Android phones. The pilot aims to build a new demand matrix for a traffic model, with the country of Georgia selected due to the fact that in 2017 Native built a model in the country on behalf of the World Bank, using traditional datasets and roadside interviews.
Through its data Marketplace, Streamr is rectifying the existing roadblocks to efficiently develop traffic models. Among other features, the data Marketplace enables national transport authorities to use vast amounts of traffic-related information that was previously difficult to access. Together, Streamr, Fysical and Bold Native are pioneering a real-world use case that highlights the benefits of recent historic information and data in the development of infrastructure.
Launched earlier this year, Streamr’s blockchain-backed real-time data Marketplace will allow users to trade information over their P2P data network using the DATA token as a means of payment. With Fysical already trading more than 15 billion datapoints every month, the two companies first established their partnership in May to enable consumers to reclaim and monetize the real-time data that is being generated about them from hundreds of mobile apps and other devices. Now, through this new pilot project in Georgia they are making further advances to realize the potential of a global data economy.
“Building a traffic model of Georgia using datasets obtained via our Marketplace is a fantastic example of how Streamr is enabling data to be used in an improved way. We are breaking down the barriers between data producers and users, to facilitate new ways of delivering traditional services in a more efficient and cost-effective manner,” explained Ben Sheppard, head of partnerships at Streamr.
“We see a huge market for this type of work, which is why we felt it important to undertake this pilot and show the transport planning community what can be made possible through our Marketplace.”
Justin Mann, co-founder of Fysical, said, “This pilot project with Streamr will demonstrate the utility of applying real-time location data for the transport planning community. By leveraging information already available from Streamr’s data Marketplace, we look forward to creating schemes that will help governments spearhead initiatives that benefit the lives of their citizens.”