Towards a Decentralized Data Marketplace for Smart Cities

, Radhakrishnan, Rahul, & Krishnamachari, Bhaskar (2018) Towards a Decentralized Data Marketplace for Smart Cities. In Proceedings of the 2018 IEEE International Smart Cities Conference (ISC2 2018). Institute of Electrical and Electronics Engineers Inc., United States of America.

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Description

One of the ways in which a city can become smarter is to grow a local economy around the sharing of data from IoT devices and other open data that can be used in applications to improve the lives of its citizens. Prior work and ongoing projects have examined or are currently focused on the development of centralized data marketplaces for smart cities. Here we explore how a decentralized data marketplace could be created using blockchain and other distributed ledger technologies. We consider the possible benefits of such a decentralized architecture, identify different elements that such a decentralized marketplace should have, and show how they could be potentially integrated into a comprehensive solution. We also present a simple smart contract implementation of a decentralized registry where data products can be posted by data owners for retrieval by potential buyers.

Impact and interest:

93 citations in Scopus
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ID Code: 209251
Item Type: Chapter in Book, Report or Conference volume (Conference contribution)
ORCID iD:
Ramachandran, Gowri Sankarorcid.org/0000-0001-5944-1335
Additional Information: Funding Information: This work is supported by the USC Viterbi Center for Cyber-Physical Systems and the Internet of Things (CCI).
Measurements or Duration: 8 pages
Keywords: Blockchain, Decentralized Data Marketplace, Smart Cities
DOI: 10.1109/ISC2.2018.8656952
ISBN: 9781538659601
Pure ID: 76720195
Funding Information: This work is supported by the USC Viterbi Center for Cyber-Physical Systems and the Internet of Things (CCI).
Copyright Owner: 2018 IEEE.
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Deposited On: 29 Mar 2021 00:16
Last Modified: 20 Jul 2024 17:16