Streamr
Crypto Overview
Purpose and Utility
Streamr is a decentralized real-time data network that enables users to publish, share, and monetize real-time data streams. The DATA token serves as the payment and incentive mechanism within the Streamr Network, used to pay for data streams and incentivize node operators.
Business Model Evaluation
The business model focuses on creating a decentralized marketplace for real-time data, which aligns with halal principles as it involves legitimate exchange of value and clear utility. The network facilitates transparent peer-to-peer data trading without involving any prohibited activities.
Real-World Adoption
Streamr has established partnerships with organizations like Binance, Nokia, and Hewlett Packard Enterprise. The network is being used for various IoT data streaming applications, though adoption remains in early stages.
Platform Development
The project maintains active development with regular updates to its Network and Data Union framework. The GitHub repositories show consistent activity, and the team provides regular technical updates through their blog and community channels.
Token Distribution
The initial token distribution allocated 30% to the team and company, with vesting periods in place. The remaining tokens were distributed through public sale and ecosystem development funds. This distribution model appears reasonable and aligned with project development needs.
Revenue Model
The revenue model is based on legitimate exchange of data services, with no interest-bearing mechanisms or prohibited activities. Node operators earn DATA tokens by providing network resources, representing a halal form of compensation for actual services rendered.
Crypto Impact
To assign a comfort level investing in Streamr from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Streamr.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.