Project description
Protecting information in the data economy
The collection of data, which is as old as book-keeping, has undergone a remarkable transformation. The rise of information technology has created new opportunities to collect and analyse. Europe’s presence and potential value in the data economy is growing strong but also requires trusted, secure and ethically-driven personal data platforms and privacy-aware analytics methods. The EU-funded DataVaults project is responding to these needs. It is developing a framework and a platform that has personal data coming from diverse sources in its centre, and that defines secure, trusted and privacy preserving mechanisms. This allows individuals to take ownership and control of their data and share them at will, through flexible data sharing and fair compensation schemes with other entities.
Objective
A strong data economy is emerging in Europe, where both large companies and SMEs acknowledge the fundamental value of Big Data to cause disruptive change in markets and business models .
Nevertheless, the growth of the data economy is hampered by the lack of trusted, secure and ethical-driven personal data platforms and privacy-aware analytics methods capable of, on the one hand, securing the sharing of personal data and proprietary/commercial/industrial data and, on the other hand, of strictly and fairly defining how value can be captured, produced, released and cashed out for the benefit of all the stakeholders involved.
Addressing this kind of concerns on privacy, ethics and IPR ownership over the DataVaults value chain is one of the cornerstones of the project. Its goal to set, sustain and mobilize an ever-growing ecosystem for personal data and insights sharing and for enhanced collaboration between stakeholders (data owners and data seekers) relies exactly on DataVaults personal data platform’s extra functionalities and methods for retaining data ownership, safeguarding security and privacy, notifying individuals of their risk exposure, as well as on securing value flow based on smart contract.
DataVaults aims to deliver a framework and a platform that has personal data, coming from diverse sources in its centre and that defines secure, trusted and privacy preserving mechanisms allowing individuals to take ownership and control of their data and share them at will, through flexible data sharing and fair compensation schemes with other entities (companies or not). The overall approach will rejuvenate the personal data value chain, which could from now on be seen as a multi-sided and multi-tier ecosystem governed and regulated by smart contracts which safeguard personal data ownership, privacy and usage and attributes value to the ones who produce it.
Fields of science
Keywords
Programme(s)
Funding Scheme
IA - Innovation actionCoordinator
80686 Munchen
Germany
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Participants (18)
28037 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.
28760 Tres Cantos Madrid
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2800 Kongens Lyngby
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Participation ended
1080 Bruxelles / Brussel
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
9500 Villach
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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.
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.
20149 Milano
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
11632 Athina
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
85579 Neubiberg
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20009 DONOSTIA-SAN SEBASTIAN (GIPUZKOA)
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47822 Santarcangelo Di Romagna
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4100 Seraing
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
185 34 Piraeus
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59100 Prato
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30100 Espinardo
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
185 35 PIRAEUS
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176 71 Athina
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