The i3-MARKET architecture enables data providers and consumers to share or trade data in an open and fair (every organization can participate under equal conditions) as well as interoperable manner. i3-MARKET uses an open APIs design principle that will be released as open source project, thus all future extensions could be maintained. The architecture will be fully tested on industrial, manufacturing and wellbeing marketplace-associated use cases that would directly benefit from the ability of sharing or trading data across the different marketplace instances. The i3-MARKET architecture addresses the existing need that yet no scalable, trusted and interoperable solution enabling sharing or trading of data assets across individual marketplace instances exist.
Moreover, today’s data marketplace platforms still lack the capability for exchanging sensitive industrial data assets as the required levels of security and privacy (in accordance with the GDPR) are not yet supported – especially not across ecosystem boundaries. i3-MARKET architecture addressed the trusted conditions by using blockchain-type technologies by design as part of the building blocks for the i3-MARKET architecture.
i3-MARKET will contribute to the growth of the European data market economy by providing solutions using blockchain-like technologies for managing data operations and transactions and encrypted-based technologies for data protection that could be used for implementing the data markets integration and thus developing a trusted, decentralised backplane consisting of the following capabilities