Terbine Rolls Out System To Enable IoT Data Trading Alliances

LAS VEGAS, Feb. 25, 2019 /PRNewswire-PRWeb/ -- Terbine announced today a version of its cloud-based IoT Data Exchange and Marketplace that enables "data trading alliances" within and between industries. The offering makes it possible for supplier-buyer groups, trade associations, government agencies and research institutions to have their own white-labeled or "branded" data exchanges.

"Since launching the Terbine system in August 2018, we've been approached by multinational corporations, industry trade groups and public agencies wanting to have their own exchanges," said David Knight, Terbine Founder and CEO. "We've answered their needs by creating a version of the system that has all of the functionality of the Terbine Exchange with their nameplate, and giving them control over who participates, what they can access and when it gets charged for. It's a powerful tool for the growing data-based ecosystems that are building around autonomous vehicles, smart cities, renewable energy, precision agriculture and many other technology-driven sectors."

The first group to take advantage of the new offering is the Intelligent Transportation Society of America. The association has over 300 member-organizations ranging from major automakers to federal, state and municipal highway authorities. The ITSA Data Exchange, as it is called, offers a frictionless environment for participants to share, and in some cases monetize, their IoT data feeds with the goal of improving road safety and transportation efficiency. It is viewable at itsa.terbine.io

Terbine's branded data exchange system is akin to having a private commodities exchange, with many input feeds and many participants operating within a closed user group. It provides advanced data curation, automated handling of regulatory and licensing matters, tracking of transactions and a highly advanced policy engine that gives administrators full control over who can see any given IoT data feed. The offering includes a web-based console that is used to manage member accounts, control data feeds and assign pricing when desired. Terbine hosts and operates the exchanges for customers, facilitates onboarding of both the primary entities who "own" the trading alliances and their participant member-organizations, and provides training plus customer support.

For more information visit https://terbine.com/branded-data-exchanges/

About Terbine

Terbine is building the first global ecosystem for the seamless exchanging of machine-generated/IoT data. Over two years in development, the IoT Data Exchange is capable of characterizing, categorizing, licensing, monetizing, tracking and securitizing the flow of billions of IoT data feeds emanating from public agencies, academic sources and commercial entities. Designed to leverage key advances in artificial intelligence, blockchain and edge computing, Terbine will scale with the growth in IoT data generation and solidify its usage within and between industries, to the benefit of global commerce and people alike. http://www.terbine.com

SOURCE Terbine