People are reluctant to provide their personal data, making it difficult for corporations to collect such information. The Personal Data Market presents a promising solution to this problem, but current offerings must overcome several challenges. This paper proposes a Blockchain-based Data Market framework, “Decentralized Data Marketplace for Digital Me”, in which personal data are anonymized in accordance with the General Data Protection Regulation to protect the owner's privacy. In addition, this paper presents a user scenario for the framework in the form of Financial Me, which provides a reasonable price range and adequate incentives for data quality.
Bibliographical noteFunding Information:
This research was supported by Basic Science Research Program through the National Research Foundation of Korea (NRF) funded by the Ministry of Education, South Korea ( NRF-2016R1D1A1B02015987 ). We would like to express our gratitude to Hyun Dong Kim for sharing his pearls of wisdom with us during the study, particularly regarding Blockchain technology and big data business.
All Science Journal Classification (ASJC) codes
- Information Systems
- Hardware and Architecture
- Computer Science Applications
- Computer Networks and Communications