[Korean Exclusive News]
Author: Shin Yi Jin, South Korea
One 22nd June, a Korean cryptocurrency exchange, Coinone announced that it is the first Korean exchange to list ‘DATA’, a cryptocurrency used in a block chain based data platform, Streamr. It is the 12th coin listed on Coinone.
The Streamr platform features SmartCraft which enable developers to easily leverage data on Ethereum block chain. Various non-refined data from all devices, from general IT devices such as smart phones to Internet (IoT) devices such as autonomous vehicles, can be processed into usable information. This makes it easy for application developers to utilize the data.
DATA coins are used to buy and sell data that is originated on Streamr platforms. Streamr first unveiled the Streamr DATA Market at Consensus 2018 in New York in May. It allows data consumers to purchase data generated in real time using data tokens.
“As the block-chain industry grows, various cryptocurrencies are being developed at a rapid pace,” said Cha Myung-hun, co-president of Coinone. “They need to thoroughly review and verify whether they can grow over the long term because all has distinct technical characteristics,” He said.