Datavault AI and Kove Unveil Secure Tokenized Data Vending Platform at IBM Think 2025
TL;DR
Datavault AI (NASDAQ: DVLT) partners with Kove IO to launch a tokenized data vending platform, addressing the $700 billion data monetization market.
Datavault AI integrates Data Vault® with Kove:SDM software-defined memory to provide a secure and real-time data monetization platform for finance, biotech, and defense industries.
Datavault AI's joint solution with Kove IO offers a compliant way to monetize underutilized data, contributing to a more efficient and profitable business environment.
Datavault AI's platform supports encrypted smart contracts and integrates with Snowflake and Databricks, making data monetization more accessible and streamlined for various industries.
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Datavault AI Inc. and Kove IO Inc. are set to introduce a groundbreaking secure, tokenized data vending platform at IBM Think 2025 in Boston. The collaborative solution integrates Datavault's Data Vault® technology with Kove:SDM™ software-defined memory, offering enterprises in finance, biotech, and defense a compliant method to monetize previously underutilized data resources.
The platform provides a real-time mechanism for organizations to transform dormant data into valuable assets. By supporting encrypted smart contracts and integrating with prominent data platforms like Snowflake and Databricks, the solution addresses a significant market opportunity valued at $700 billion.
This innovative approach represents a strategic advancement in data monetization, enabling companies to securely share and sell data while maintaining strict compliance and privacy standards. The platform's design allows enterprises to leverage their data assets more effectively, potentially creating new revenue streams and enhancing organizational data strategies.
The partnership between Datavault AI and Kove IO highlights the growing importance of secure, intelligent data management in an increasingly digital business landscape. By providing a comprehensive solution that combines advanced memory technologies with robust data valuation mechanisms, the platform could significantly transform how organizations perceive and utilize their data resources.
Curated from InvestorBrandNetwork (IBN)
