Research Article
A Framework for a Blockchain-Based Decentralized Data Marketplace
@INPROCEEDINGS{10.1007/978-3-031-27041-3_5, author={Meshari Aljohani and Ravi Mukkamala and Stephan Olariu}, title={A Framework for a Blockchain-Based Decentralized Data Marketplace}, proceedings={Wireless Internet. 15th EAI International Conference, WiCON 2022, Virtual Event, November 2022, Proceedings}, proceedings_a={WICON}, year={2023}, month={2}, keywords={Blockchain Data Data marketplace Smart contract Reputation}, doi={10.1007/978-3-031-27041-3_5} }- Meshari Aljohani
Ravi Mukkamala
Stephan Olariu
Year: 2023
A Framework for a Blockchain-Based Decentralized Data Marketplace
WICON
Springer
DOI: 10.1007/978-3-031-27041-3_5
Abstract
Data is critical for improving an individual’s quality of life. Its value provides opportunities for users to profit from data sales and purchases. Data marketplace users, on the other hand, must share and trade data in a secure and trusted environment while maintaining their privacy. The paper’s first major contribution is to identify enabling technologies and challenges to the development of decentralized data marketplaces. The second major contribution is the proposal of a blockchain-based decentralized data marketplace framework. The proposed framework allows sellers and buyers to transact with greater confidence. The system employs a novel approach to enforcing honesty in data exchange among anonymous individuals by requiring a security deposit. The system has a time frame before the transaction is considered complete.
