Nokia Targets IBM’s Blockchain And Watson Cognitive Computing Platforms – Nokia Corporation (NYSE:NOK)

Nokia is testing its own commercial blockchain for enterprise applications.

Nokia could become a rival to IBM’s blockchain for enterprise application and healthcare services.

Blockchain is an incorruptible decentralized ledger for any digital transactions. It has no single point of failure and cannot be controlled by one entity.

Nokia has also launched a blockchain-powered Sensing-as-a-Service service for telecom companies to monetize environmental data gathered from smart devices.

Like IBM’s Watson, Nokia also has a cognitive computing platform called AVA.

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