The i3-MARKET project addresses the growing demand for a single European Data Market Economy by enabling secure and privacy preserving data sharing across data spaces and marketplaces. i3-MARKET aims at providing technologies for trustworthy (secure and reliable), data-driven collaboration and federation of existing and new future marketplace platforms. Special attention is given to industrial data, particularly sensitive commercial data assets from both SMEs and large industrial corporations.
It is well known that despite various research and innovation attempts working on Big Data management and sharing, there is no broadly accepted trusted and secure solution for federation of data marketplaces. i3-MARKET is addressing this gap by developing lacking technologies and solutions for a trusted (secure, self-governing, consensus-based and auditable), interoperable (semantic-driven) and decentralised (scalable) infrastructure, the i3-MARKET Backplane, that enables federation via interoperability of the existing and future emerging data spaces and marketplaces.
The i3-MARKET backplane introduces data monetisation in the form of Intelligent Data Economy services to formerly closed systems. The goal is to help these systems offer and share data and to lower the market-entry barriers for stakeholders–especially SMEs–to trade their data assets. Overcoming the “siloisation” of data markets could ignite a flourishing data economy that fosters innovation and business in Europe.
i3-MARKET focuses on the desired levels of privacy and confidentiality that support both legal and user-desired control and transparency for sharing data among relevant systems and services. The i3-MARKET backplane pays special attention in regulatory aspects around sensitive data assets developing the required security and access control measures that enable secure trading of data including support for automated contracting (smart contracts incl. the required legal framework following European regulation) and real-time exchange of data.
Thus, i3-Market stands from its main objectives (Intelligent, Interoperable, Integrative and deployable open source MARKETplace backplane with trusted and secure software tools for incentivising the industry data economy). The main objective of the i3-MARKETproposal is to overcome these hurdles by developing the lacking building blocks (in the form of a software framework called i3-MARKET backplane) for data providers and consumers, and thus incentivise and enable the creation of a more trusted European data market economy. i3-MARKETaddressesthe interoperability and integration challenges for trading data assets across independent stakeholders by means of secured transactions based on data annotation (semantics) as well as a trusted data trading platform and will provide a network of decentralised and Economy-driven and Scalable Data Repositories that can be extensible for enabling the deployment of Intelligent industrial Data Services fostering innovation and business opportunities.
The i3-MARKET proposal aims at enabling the federation of data markets and targets to become a key enabler for embracing the latest European Commission Digital Single Market strategy, incentivizing the industrial data market economy. The impact of the exploitation of the i3-MARKET will be tackled, overall and individually, by exploitation and business models that will benefit all stakeholders in the data economy and take into account the information societies in Europe.
The consortium will implement and integrate the i3-MARKET backplane in three industrial domains (Industrial pilots), which will examine the viability of the implementation, test its reliability and validate whether it’s scalable in real industrial environments.