Nokia Rolls Out Blockchain-based IoT Service Dedicated for Smart Cities

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Nokia is set to launch an Internet of Things (IoT)-based set of services, data analytics, and Blockchain technologies for what it claims to be economically and environmentally sustainable “smart cities.”

Billions of connected devices will generate huge amounts of data in the emerging IoT wherein smart cities will have to retrieve, process, interpret, and act on real-time environmental data as quickly as possible to maintain sustainable environments for its citizens. For IoT sensor network operators that can provide authorities of smart cities with data processed and analyzed real-time to make IoT ecosystems efficient, creating new data monetization opportunities is a must.

Nokia Global Services business development head Asad Rizvi says “Cities need to become digital in order to efficiently deliver services to their habitants.” Rizvi continues, “Smart infrastructure, which is shared, secure, and scalable, is needed to ensure urban assets and data are efficiently used. We can help cities with that. In addition, we can help operators generate new revenue utilizing their existing network by providing solutions for smart city players, such as city, transport, travel and public safety authorities.”

Sensing as a Service (S2aaS) by Nokia is designed to provide intelligent analysis of environmental data gathered from sensors connected to the IoT. Operators can sell the analyses made to cities and other authorities. The company is aiming for a real-time monitoring system based on the IoT which can provide timely environmental information for the management of smart cities. The S2aaS will detect unusual environmental behavior such as trash burning, unusual particles in the air, or illegal construction.

The idea behind it, NetworkWorld cites, is to provide a means for mobile network operators to monetize already existing infrastructure through selling live environmental sensor data to cities.

Nokia’s new service is powered by a Blockchain which has a built-in micropayment platform. The platform supports smart contracts for “anonymized, private and secure micro-transactions that allow operators to monetize analyzed data and generate new revenue streams.”

A Nokia solution paper states “Our complete micropayment platform can help you quickly generate new revenue from your data. Based on blockchain, the distributed ledger technology that is taking finance, healthcare, and a range of other industries by storm, our platform allows you to easily integrate third parties into your data market — expanding your customer base and service offerings. And as every transaction is verified against other peers in the blockchain network, you can be sure that your platform is secure.”

A traditional Capital Expenditure (CapEx) business model or a revenue sharing service model can be used by independent operators which Nokia can work with to determine the optimal business model for the specific use cases. The company will manage all the installation of hardware, the equipping of existing network sites with new environmental sensors and edge gateways – the S2aaS is also designed to include a complete platform for processing and collecting sensor data hosted in Microsoft Azure, Nokia’s private cloud, or AWS. It will be given a choice on which IoT to use between Amazon IoT, Nokia’s own AVA cognitive services platform, and Microsoft IoT.

Nokia describes AVA saying it “integrates cloud-based delivery, intelligent analytics and extreme automation to deliver instant and flawless personalized services.”

The company is scheduled to present S2aaS and its other related services during the Mobile World Congress in Barcelona, Spain on February 26 to March 1, 2018.