The Nethermind Data Marketplace (NDM) is a protocol that creates a subnetwork within Ethereum to handle data delivery directly between parties running NDM-supporting nodes.
NDM allows data consumers to discover data providers, and uses a smart contract to facilitate on-chain, secure payments in exchange for data.
Its unique built-in reputation and data delivery protocol minimises the amount of on-chain transactions with very low counterparty risk.
Monetising API access (both for subscription and pay-as-you-go models)
On-chain commercialisation of research and analysis reports
New sales channels for data streams (such as live market data)
No need for banks, credit cards, illiquid tokens or complex exchanges. NDM operates on Ether, the native currency of the world’s biggest decentralised computing platform - Ethereum. Why complicate? It’s ETH-simple.
Data is fully encrypted and streams directly between providers and consumers. There are no middlemen or third party servers.
We keep on-chain transactions to a minimum, as data flows from peer to peer. Given the current mainnet state, we estimate* 1.25 million data delivery contracts could be handled per month - one of the few projects on Ethereum that can currently scale.
The NDM’s UI comes in one package with the Nethermind Ethereum client and built-in wallet integration for signing transactions - all you need to hit the ground running. During the first run, a guide will be displayed to show you what can be done with Nethermind Data Marketplace.
We’re here for you. In addition to maintaining and improving the software, we offer support and consulting services tailored to your needs. For inquiries on the solutions we can offer, just contact us.