Open Data Market Architecture and Functional Components

This paper discusses the principles of organisation and infrastructure components of Open Data Markets (ODM) that would facilitate secure and trusted data exchange between data market participants, and other cooperating organisations. The paper provides a definition of the data properties as economic goods and identifies the generic characteristics of ODM as a Service. This is followed by a detailed description of the generic data market infrastructure that can be provisioned on demand for a group of cooperating parties. The proposed data market infrastructure and its operation are employing blockchain technologies for securing data provenance and providing a basis for data monetisation. Suggestions for trust management and data quality assurance are discussed.