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Towards A Data Marketplace Ecosystem

Authors:
Sebastian Lawrenz
Priyanka Sharma
Andreas Rausch

Keywords: Blockchain; Data; Data marketplaces; Community; Data ecosystem; Open platforms, Data Trading

Abstract:
The amount of data generation has been increasing exponentially over the last decades. The reasons for this amount of data are pretty similar: The evolution of technology, as well as new technologies, such as the Internet of things or artificial intelligence, as well as data-driven business models. However, the profiteers of the data boom are few players, like big tech companies. Small- and medium-size companies do not have access to the same amount of data and thus cannot benefit from the data boom and adapt their business models. This paper presents the concept of a data marketplace ecosystem to overcome the inbalance between big tech companies and these smaller companies. In comparison to other data marketplaces, our proposal is entirely community-driven. Instead of a single authority or player, it is developed and controlled by a community. The concept is closely related to software ecosystems and adaptive and open systems. The paper presents a blueprint of such an ecosystem based on blockchain technology and smart contracts, discusses the related state of the art, and reflects critically on the results.

Pages: 38 to 45

Copyright: Copyright (c) IARIA, 2022

Publication date: April 24, 2022

Published in: conference

ISSN: 2308-4146

ISBN: 978-1-61208-951-5

Location: Barcelona, Spain

Dates: from April 24, 2022 to April 28, 2022