Project description
Paving the path for sustainable data economy
With the rise of digitalisation, the economic landscape is undergoing radical transformation. At the same time, the value and structural characteristics of digital goods and data markets are poorly understood, leading to market failures. The EU-funded ATARCA project aims to address these failures by testing an alternative infrastructure for economic growth centred on the concept of anti-rivalry. In contrast to rival and non-rival goods (which lose or retain value with use), anti-rival goods gain value when used. More specifically, ATARCA will develop cryptographically protected anti-rival tokens in order to assess their suitability for the governance of data markets and to promote collaboration in community-driven currencies.
Objective
Data markets and markets for other digital goods are failing. At the same time, Distributed Ledger Technology (DLT) has been suggested as a means to create new value and new economic structures. However, the underlying economic phenomena, especially the structural characteristics of the digital goods, are poorly understood. For over half a century, economists have made a distinction between rival and nonrival goods. Rival goods lose value when consumed, while nonrival ones may be used repeatedly, without losing value. In Ostrom's terms, the value of rival goods gets subtracted upon use; their subtractability is positive. But there has been increasing indications that many information and digital goods are anti-rival in nature. Anti-rival goods gain value when used; their subtractability is negative. Therefore their economics is also fundamentally different from that of other goods. Most importantly, creating a market price — or, more precisely, open market valuation — for them requires, beyond open markets, additional regulative or technological constructions, such as IPR or DRM, in addition to the market mechanisms. We believe that this structural disparity is a root cause for the market failures in the digital goods and data markets, behind the advent of social media monopolies, poorly working or nonexistent markets for industrial data, and many existing data markets (such as municipal ones) reducing to effectively near-zero price. In ATARCA, we create cryptographically protected anti-rival tokens and test their applicability to governing industrial data markets and fostering cooperation in community driven currencies. If successful, this technology will not only help to properly organise the markets for data and other digital goods, but provide the structural fundamentals of a new type of economic growth. This will allow the societies at large to more widely explore structurally new incentives for systemic sustainability and scalable systemic intelligence.
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.
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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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H2020-EU.1.2. - EXCELLENT SCIENCE - Future and Emerging Technologies (FET)
MAIN PROGRAMME
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H2020-EU.1.2.1. - FET Open
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Topic(s)
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.
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.
RIA - Research and Innovation action
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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) H2020-FETOPEN-2018-2020
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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.
02150 Espoo
Finland
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.