TL;DR
This paper introduces IDMoB, a blockchain-based decentralized data marketplace enabling IoT device vendors and AI/ML providers to securely and transparently exchange data, fostering innovation and diverse service development.
Contribution
It presents a novel smart contract platform on Ethereum with Swarm storage for secure, transparent IoT data trading, enhancing data accessibility and collaboration.
Findings
Implemented as an Ethereum smart contract
Utilizes Swarm for distributed storage
Facilitates transparent, trustless data exchange
Abstract
Today, Internet of Things (IoT) devices are the powerhouse of data generation with their ever-increasing numbers and widespread penetration. Similarly, artificial intelligence (AI) and machine learning (ML) solutions are getting integrated to all kinds of services, making products significantly more "smarter". The centerpiece of these technologies is "data". IoT device vendors should be able keep up with the increased throughput and come up with new business models. On the other hand, AI/ML solutions will produce better results if training data is diverse and plentiful. In this paper, we propose a blockchain-based, decentralized and trustless data marketplace where IoT device vendors and AI/ML solution providers may interact and collaborate. By facilitating a transparent data exchange platform, access to consented data will be democratized and the variety of services targeting…
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