Project description
Decentralising of the data economy
Data is a precious resource. While the data economy fuels growth and innovation, it is controlled by a handful of tech giants. Decentralisation is necessary. The EU-funded Data Visibility Control Overlay assigns data access control at its point of origin – any smart device – allowing consumers to unilaterally grant and revoke visibility over their data to chosen third parties, anytime, as mandated by the GDPR. Reconciling Data Economy and Data Privacy within multi-stakeholders IoT ecosystems, this technology supports corporate neutral data exchanges where consumers are actively involved in the data value chain. As such, they enhance their trust and willingness to share personal data, without the costs and legal liabilities of centralised consent management.
Objective
Ground-breaking innovation of the underlying systems upon which our society is built cannot be enacted by fitting new facts into old schemes. Disruptive solutions require a paradigm shift that could be paralleled to a Copernican Revolution of our time. The revolution I’d like to see unfold is the introduction of a new, decentralised, and distributed data economy. EcoSteer, an IoT and Blockchain start-up for data ownership and monetisation I co-founded, aims at doing precisely that. Data is rapidly becoming the sustenance fuelling economic growth and innovation, yet its economy is utterly asymmetrical and controlled by a handful of tech giants. Moving away from a centralised approach, where digital platforms that collect consumers’ data have exclusive control over third party access, EcoSteer Data Ownership Platform technically implements a decentralised vision, where each consumer can directly control visibility over her data by each individual third party.
Based on a patented multicast end-to-end encryption scheme and Smart Contracts, the DOP adds a layer of data access control decentralization on top of any existing data brokering platform, transforming it into a neutral and blind ‘data intermediary’ . Consumers can unilaterally grant (& revoke) access to their IoT data streams to selected third parties and be compensated in tokens for data sharing, thus promoting ‘data altruism’.
Decentralisation of the Data Economy, as well as availability of the means for everyone to become an active stakeholder - be it a business or an individual - ensures that the market is dynamic, inclusive and heterogenous. More participants to the data economy mean more opportunities for data monetisation, steeper and quicker economic growth, and sustainable data-driven decisions.
EcoSteer DOP, thus, enables European Companies to become the leaders of a new data economy, based on the ethical principles established by the GDPR.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences internet internet of things
- natural sciences computer and information sciences computer security cryptography
- social sciences political sciences political transitions revolutions
- social sciences law
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.2 - European innovation ecosystems
MAIN PROGRAMME
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Topic(s)
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Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-CSA - HORIZON Coordination and Support Actions
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIE-2021-SCALEUP-01
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
39100 Bolzano
Italy
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.