Streamr refers to a cloud-based platform that runs analysis of data in real time and offers visually-attractive applications which show the data in an easy-to-understand manner. It is something like getting to see a report which gets updated every second as and when new information is received. So, Streamr has the power to give users a real time map so that they can watch new data streaming in and charts getting updated. This process is built in a way so as to be able to cater to any kind of requirement. So, the process is highly scalable and regardless of the size of your project, you can use it for handling the project effectively.
Streamr gives end-users a comprehensive system to build unstoppable applications in real time without having to write codes. When you have this network the data is under your control and not at the mercy of big businesses. You are free to use and sell this information according to your wishes and the information then travels through a peer-to-peer network which is incentivized by Streamr DATAcoin. For instance it is something like an electrical car which can be self-driven. To use it well, you will need data from computers like information about traffic congestions or weather updates or electricity prices in the nearby charging stations etc. So, Streamr will offer you one interface where you can access real time data and data streams are tradeable using the DATA tokens. So, the car is able to get this information autonomously and it pays for this data. It can also sell data which it has produced like traffic data or road condition data to others.
The Streamr is really a one-stop solution to the data application process. It is capable of handling data reception, processing, distribution and storage. It is essentially a drag-and-drop system where advanced programming skills are not really needed. Streamr can also be conveniently integrates with many other external systems at any time. So, it can extract data from external sources and send outputs to external systems. When you have been able to make your own API, it is possible to embed its dashboard widgets using tags. Once created, the stream can also be edited at will and new modules may be added at any time. Moreover, Streamr is also designed to be highly scalable and regardless of the volume of data you must get it to process, it is strong enough to handle it. It is the app store for data streaming and the platform will bring together consumers and data creators who will be able to transact using DATA coins.
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