The New Oil: IOTA, Microsoft, 20 Other Companies to Launch Data Marketplace
Posted: Mon Nov 27, 2017 10:56 pm
“Data is the new oil,” said Ajay Banga, president and CEO of MasterCard, at the US-Africa Business Forum in 2014. He wasn’t wrong – “the five most valuable listed firms in the world” are data giants Google, Amazon, Facebook, Apple, and Microsoft. A report by The Economist in May compared calls to break up these large (and ever-growing) companies to similar calls against Standard Oil in the early 20th century.
In a partnership with more than 20 companies, including Microsoft and Fujitsu, the IOTA network has recently announced the launch of a new data marketplace. The marketplace ... (read more)