Categories
Events

Webinar: Three pillars for building a Smart Data Ecosystem: Trust, Security and Privacy

Joint webinar with the BIG DATA VALUE Ecosystem project (BDVe)

On Friday, 23 October 2020, the BDVe project will host i3-MARKET’s webinar “Three pillars for building a Smart Data Ecosystem: Trust, Security and Privacy“.

In this webinar, i3-MARKET experts will explain how the i3-MARKET solutions help overcoming data marketplaces hurdles by providing the suitable level of trust (consensus-based self-governing, auditability, reliability, verifiable credentials), security (P2P encryption, cryptographic proofs) and privacy (self-sovereign identity, zero-knowledge proof, explicit user consent).

AGENDA

11.00 – 11.05  Welcome from BDVe

11.05 – 11.20  i3-MARKET introduction and project context

  • Big Data and Data Marketplaces as a constantly growing field and a key sector in Digital Economy
  • Enhancing Data Mobility and Data Transfer as a priority for the EU in terms of the Digital Single Market / The EU Data Strategy
  • Trust Security and Privacy as objectives/challenges and central engineering values in the context of Value Sensitive Design and Responsible Engineering

11.20 – 11.50  Three pillars for building a Smart Data Ecosystem

Trust: Everything under control
With the blockchain technology, i3-MARKET provides an open, decentralized, consensus-based system with a shared and tamper-proof ledger. With verifiable credentials, i3-MARKET provides trusted attestations that could be issued by a trusted party, and self-presented and self-verified by any stakeholder.

Security: Unlock the data with a key
With a protected hardware wallet, i3-MARKET provides cryptographic keys to secure transactions and data.

Privacy: Meet and overcome GDPR requirements
With self-sovereign identity, zero-knowledge proof and explicit user consent, i3-MARKET users own their personal and sensitive data and maintain the control on data sharing / exchange.

11.50 – 12.00  Q&A with participants and wrap-up

Webinar in collaboration with

Categories
News

Newsletter #1

i3-MARKET’s first-ever newsletter is now available!

You can inform yourself on the latest news of the i3-MARKET project in the pdf above. This format also allows you to share it with other data-interested people in your company and your network.

In this first edition, you get to know more about i3-MARKET’s progress of the past 8 months, i.e. how we coped with COVID-19, our activities and events, as well as some exclusive information on the coordinators and the dissemination leads of the project, respectively NUIG and DIGITAL SME.

Should you prefer to have our newsletter delivered straight to your e-mail inbox, suscribe via this form to get the next editions sent to you!

Categories
News

The biggest challenges related to data marketplaces and data monetisation

On 23 July, i3-MARKET hosted its first workshop, dedicated to the needs of potential end-users of the i3-MARKET solutions. The aim of the workshop was to gather the end-users’ view of the data market and to identify challenges related to data marketplaces, data usage and data monetisation. 

While the first part of the workshop was a virtual discussion about data marketplaces between the participants and organisers, the second part was structured as an online workshop organised in different breakout sessions. In order to galvanise participants’ creative input, the workshop employed the so-called “6-3-5 brainwriting” technique.  Developed by German marketing and business consultant Bernd Rohrbach, this technique fosters the rapid production of ideas and proposals in a small group setting. Groups of 6 people have to generate 3 ideas on a given topic in 5 minute-rounds. The workshop started with an open discussion on general issues regarding data marketplace and the data economy. From this discussion, three core issues were identified and discussed in the group brainstorming sessions:

1. Companies struggle with using the data they collect

2. Companies have trouble finding accessible data sets

3. There is a general lack of trust in data marketplaces

The brainstorming sessions led to following results:

1. Companies struggle with using the data they collect

According to the participants, the issue of not being able to use industrial data relates to ecosystem maturity. This can happen, for example, when there is no ecosystem leader and DaaS (Desktop as a service) is not yet established in the respective industry sector.

Participants also pointed to data cost and pricing. First of all, there is a high cost of handling, searching, and managing data. In addition, the value of data is also often unclear, and there is no free data for industrial use. Not being able to use data is also due to a lack of Open Data availability, or to the fact that Open Data is not necessarily available for commercial use, as well as due to the difficulty to find matching or useful data formats. Moreover, there are hurdles at the company level, the major problems being that there is often no clear understanding of the added value of sharing data or that companies are reluctant to share their data. On top of this, there is little compensation for data owners. Lastly, even if a company gathers and manages data, it might not be able to create value from it. Indeed, it takes a completely novel company structure to be able to incorporate knowledge derived from data or to sell it.

2. Companies have trouble finding accessible data sets

Regarding the problematic of finding relevant data, the main issue raised by the participants is the lack of trusted data providers. This is due to the difficulty to identify compliant organisations and matching users or providers, and to the missing standardisation for data extraction and storage. Finding relevant data is a challenge because of the lack of available Open Data, but also because of the high amount of data sources and the difficulty to find third-party data. Finally, the Data Services that are offered by existing marketplaces are still in their early stages, leaving significant room for improvement. Issues like customer support, data anonymisation, and dataset harmonisation are services that are missing or not offered to a full extent in the current ecosystem.

3. There is a general lack of trust in data marketplaces

When addressing the problematic of trust in a data marketplace, the participants cited regulation as one of the main issues. Indeed, there is a need for harmonised European regulation, for example a financial transaction framework, and for setting up  (smart) contracts. Trusting a data marketplace requires to have trusted partners, which is challenging if there is no reliable user authentication and user verification, as well as no authority to turn to in case of conflicts. The source of the data should also be reliable. In addition, the workshop participants would expect from a data marketplace to have clear terms and conditions, a clear pricing model and a clear mention of the data ownership, as well as ease of use. Among other items, they listed search engines, after-sales support, and the possibility to anonymise data and users.

This first workshop offered valuable insights of data-marketplace users and their main issues. Among others, it seems that openness of data is a recurring problem for the participating companies, as it has been stressed throughout the different addressed problematics.

The results of the workshop will allow the i3-MARKET project partners to develop solutions matching real market needs.

Categories
Events

i3-MARKET Workshop for data marketplace users

The i3-MARKET project is pleased to announce its first workshop on 23 July 2020, from 10:00 to 12:30 CEST!

  • Are you a data-driven company?
  • Do you face challenges in developing your data related business?
  • Are you interested in learning more about industrial data marketplaces?

Then take part in the i3-MARKET ONLINE workshop dedicated to the needs of our end-users and stakeholders! We offer a unique approach to data trade and sharing!

By attending our exclusive workshop, you get a chance to:

  • get involved in an industrial data ecosystem with a network of leading companies in Europe;
  • get visibility and ‘spotlights’ for your company within i3-MARKET channels;
  • express your needs regarding data marketplaces;
  • get i3-MARKET solutions matching real market needs;
  • be involved in the upcoming Open Source Ecosystem of i3-MARKET.

Find the Creative Sprint presentation and results here

Agenda

10:00              Welcome and introduction

10:15              Round Table: best practice exchange on SME data sharing practices and data marketplaces

10:50              Open discussion and brainstorming workshop

  • Issues of and ideas for data-driven companies
  • Creative Sprint

11:30              Coffee Break

11:40              Creative Sprint results presentation & Discussion

12:30              End of Session