Project description
A sustainable solution for data trading and monetising
With so much data available, it is not easy to manage it effectively. There is a massive need for solutions to facilitate the collection, sharing, storage, processing, trading and reuse of data. The EU-funded PISTIS project will bring forward a reference federated data sharing/trading and monetisation platform for secure, trusted and controlled exchange and usage of proprietary data assets and data-driven intelligence. It will advance techniques and technologies, such as federated data discovery and sharing, distributed ledger technologies, data non-fungible tokens, AI-driven data quality assessment and monetisation, to build trust among stakeholders and assuage their safety concerns. PISTIS will consider the different data supply and demand perspectives and train stakeholders to evaluate the sustainability of their data sharing strategies.
Objective
PISTIS brings forward a reference federated data sharing/trading and monetisation platform for secure, trusted and controlled exchange and usage of proprietary data assets and data-driven intelligence. PISTIS will advance the available techniques and technologies, such as federated data discovery and sharing, DLTs, data non-fungible tokens (NFTs), AI-driven data quality assessment and monetisation, to build trust among stakeholders and assuage their concerns. Such stakeholders will formulate a distributed network of existing and new data spaces with built-in governance brought by PISTIS to eliminate silos while accruing the actual data value and multiplying it through derivative assets in a fair and transparent manner. Taking into consideration the data supply and demand perspectives, PISTIS will establish the methodological and technical foundations across different axes:
-PISTIS Federated Data Management, Interoperability & Governance that aims at collecting, curating, securing and fully controlling the data made available through each organisation’s data space.
-PISTIS Federated, Secure Data Sharing that concerns the effective management and on-chain storage of (multi-party) data contracts in an inherently human-understandable manner, as well as the secure peer-to-peer data transfer and usage monitoring mechanisms for appropriately retrieving, provisioning, self-serving on-demand and tracking the appropriate data ‘slices’ according to the relevant contract provisions.
-PISTIS Data Valuation and Monetisation to systematically articulate and recommend an appropriate target value, indicatively taking into consideration the “cost” approach, the “income” approach, and the “market” approach.
-PISTIS Data Sharing Skills Cultivation that provides the training material to educate stakeholders into how they can assess their data sharing maturity, proceed with data, deploy/operate the PISTIS technologies and implement an effective and sustainable data sharing strategy.
Fields of science
Keywords
Programme(s)
Funding Scheme
HORIZON-IA - HORIZON Innovation ActionsCoordinator
80686 Munchen
Germany
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Participants (28)
28760 Tres Cantos Madrid
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Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.
28037 Madrid
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20127 Milano
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151 25 Maroussi
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D03R8P3 Dublin
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
3013 Limassol
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Participation ended
2080 MSIDA
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08290 Cerdanyola Del Valles (Barcelona)
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00185 Roma
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1000 Bruxelles / Brussel
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3071 Limassol
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1075 AT Amsterdam
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
153 41 Aghia Paraskevi Athina
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20133 Milano
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106 82 ATHINA
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1220 Wien
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.
76137 Karlsruhe
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
190 19 SPATA
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19019 SPATA
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118 54 ATHENS
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10582 Athina
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18194 Churriana De La Vega
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08930 SANT ADRIA DE BESOS
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
28014 Madrid
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47151 Boecillo
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8010 Graz
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85737 Ismaning
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5020 Salzburg
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Partners (2)
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
SW7 2AZ LONDON
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Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
LU1 3LU Luton Bedfordshire
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.