Context and Objectives
The European data economy is rapidly expanding and is expected to exceed €800 billion by 2025, driven by IoT, digital services, and AI. Data has become a strategic asset for innovation, competitiveness, and the digital and green transitions. Data marketplaces, projected to reach €100 billion, are key enablers but remain largely ineffective due to centralised architectures that limit data sovereignty, raise privacy and trust concerns, provide weak guarantees on data quality and interoperability, and exclude many organisations.
An analysis of 155 European data-sharing initiatives shows that only 15% have viable revenue models, with most relying on unstable public funding. Data providers face compliance risks, consumers struggle to find trustworthy datasets, and the lack of standardised connectors and quality assurance hinders adoption.
At the same time, EU initiatives such as the European Data Strategy, Data Governance Act, Data Act, AI Act, and Common European Data Spaces call for decentralised, interoperable, privacy-preserving, and trustworthy data sharing. This creates an urgent need for advanced platforms supporting federated AI, decentralised trust, and transparent governance.
SEDIMARK addresses this need by designing and validating a secure, decentralised marketplace for data and AI services, combining Distributed Ledger Technologies (DLT), Self-Sovereign Identity (SSI), semantic interoperability, and energy-efficient Green AI.