SuredBits is rethinking the way we monetize and distribute data
Summary
Their company, SuredBits, is using blockchain technology to allow people to purchase the data they need in micropayments, something that has not been possible with traditional financial systems. Founded by Chris Stewart in 2014, SuredBits sells software packages that allow developers to stream real-world, real-time data to their own websites in exchange for cryptocurrency. “Breaking into certain data markets is extremely expensive and prices a lot of people out upfront because the fees are so high,” Chris Stewart, founder and CEO of SuredBits said. Stewart worked solo on SuredBits until Nadav Kohen and Dan Smith joined the team earlier this year. The product, an API (application programming interface) runs on the Lightning Network, a payment protocol that operates on top of a blockchain.