An opensource software integrating data markets, via APIs, thus allowing users to access, sell, and buy European data through common interfaces, secure contracts and trusted payments methods.
It introduces data monetisation in the form of Intelligent Data Economy services to formerly closed systems.
The goal? Helping systems offer and share data and lower the market-entry barriers for stakeholders (especially SMEs) in trading owned 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:
Desired levels of privacy and confidentiality that support both legal and user-desired control and transparency for sharing data among relevant systems and services.
Regulatory aspects around sensitive data assets developing the required security and access control measures, securing trading of data including support for automated contracting (smart contracts incl. the required legal framework following European regulation) and real-time exchange of data.
i3-Market stands from its main objectives and deployable open source marketplace backplane with trusted and secure software tools for incentivising the industry data economy.
i3-MARKET has overcome these hurdles by developing missing building blocks for data providers and consumers, thus incentivising the creation of a more trusted European data market economy.
i3-MARKET has addressed the interoperability and integration challenges for trading data assets across independent stakeholders via secured transactions based on data annotation (semantics) as well as a trusted data trading platform.
It has also provided a network of decentralised and Economy-driven and Scalable Data Repositories, extensible for enabling the deployment of Intelligent industrial Data Services fostering innovation and business opportunities.
Through i3-MARKET, the federation of data markets has step up as a key enabler in embracing the latest European Commission Digital Single Market strategy, thus incentivizing the industrial data market economy.