Valorising the IoT Databox: Creating Value for Everyone

TL;DR

This paper discusses the development of personal Databoxes in the IoT ecosystem, emphasizing their role in enabling secure data sharing and creating value within future data marketplaces.

Contribution

It reviews research challenges in building personal Databoxes for secure data access and sharing, highlighting their importance in future IoT data economies.

Findings

Identifies key challenges in personal Databox development

Highlights the role of Databoxes in future data marketplaces

Discusses potential benefits for data sharing and value creation

Abstract

The Internet of Things (IoT) is expected to generate large amounts of heterogeneous data from diverse sources including physical sensors, user devices, and social media platforms. Over the last few years, significant attention has been focused on personal data, particularly data generated by smart wearable and smart home devices. Making personal data available for access and trade is expected to become a part of the data driven digital economy. In this position paper, we review the research challenges in building personal Databoxes that hold personal data and enable data access by other parties, and potentially thus sharing of data with other parties. These Databoxes are expected to become a core part of future data marketplaces.