On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace

As data becomes the new fuel of the economy and a key asset to address our societal challenges, we cannot afford to have the data of businesses, public sector and individuals stored and kept unexploited or, what is worse, exploited by others that actually have the resources and capacity to do it. Th...

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Authors: González Carril, Víctor|||0000-0003-1932-1616, Sánchez González, Luis|||0000-0003-0136-3420, Lanza Calderón, Jorge|||0000-0002-9586-1334, Santana Martínez, Juan Ramón|||0000-0003-1374-2153, Sotres García, Pablo|||0000-0002-2881-3594, García Gutiérrez, Alberto Eloy|||0000-0002-5708-9558 
Format: article
Publication Date:2023
Country:España
Institution:Universidad de Cantabria (UC)
Repository:UCrea Repositorio Abierto de la Universidad de Cantabria
Language:English
OAI Identifier:oai:repositorio.unican.es:10902/28357
Online Access:https://hdl.handle.net/10902/28357
Access Level:Open access
Keyword:Internet of Things
Data marketplace
Blockchain
Smart contracts
Data subscription
Performance evaluation
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spelling On the use of Blockchain to enable a highly scalable Internet of Things Data MarketplaceGonzález Carril, Víctor|||0000-0003-1932-1616Sánchez González, Luis|||0000-0003-0136-3420Lanza Calderón, Jorge|||0000-0002-9586-1334Santana Martínez, Juan Ramón|||0000-0003-1374-2153Sotres García, Pablo|||0000-0002-2881-3594García Gutiérrez, Alberto Eloy|||0000-0002-5708-9558 Internet of ThingsData marketplaceBlockchainSmart contractsData subscriptionPerformance evaluationAs data becomes the new fuel of the economy and a key asset to address our societal challenges, we cannot afford to have the data of businesses, public sector and individuals stored and kept unexploited or, what is worse, exploited by others that actually have the resources and capacity to do it. This is affecting not only our economic performance but also our security, safety and sovereignty. Among the plethora of data sources that exist nowadays, the Internet of Things (IoT) is recognised as a game-changer technology that expands its applicability to a huge variety of domains. Its main asset is, precisely, the data that the myriad of sensors embedded in the environment are constantly generating. The diffusion of platforms for IoT data sharing and monetisation is one of the key success factors which may help to drive the data economy and industrial transformation. In this paper, we are presenting a data sharing platform based on Blockchain, so-called Blockchain-based IoT Data Marketplace (BIDM) over which data producers and data consumers are able to share data in a decentralised and trustworthy manner. The BIDM enables a data marketplace where owners of IoT infrastructures can expose the observations that their devices generate while retaining control over who accesses each observation and directly getting revenues according to the price they have set. The evaluation that we have carried out of the BIDM's behaviour and performance in terms of operational execution times and scalability has been the basis for the discussion that we are presenting on the shortcomings that are typically associated with the use of Blockchain technologies as enablers for data marketplaces. This discussion also includes the evaluation of the challenges that must be considered for the creation of secure and interoperable Data Spaces based on Blockchain.This work was supported by the Spanish State Research Agency (AEI) by means of the project FIERCE ‘‘Future Internet Enabled Resilient CitiEs’’ under Grant Agreement No. RTI2018-093475-A-I00 and the project SITED ‘‘Semantically-enabled Interoperable Trustworthy Enriched Data-spaces’’ under Grant Agreement No. PID2021-125725OB-I00.ElsevierUniversidad de Cantabria20232023-07-01journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articlehttps://hdl.handle.net/10902/28357Internet of Things, 2023, 22, 100722reponame:UCrea Repositorio Abierto de la Universidad de Cantabriainstname:Universidad de Cantabria (UC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:repositorio.unican.es:10902/283572026-06-02T12:39:31Z
dc.title.none.fl_str_mv On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace
title On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace
spellingShingle On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace
González Carril, Víctor|||0000-0003-1932-1616
Internet of Things
Data marketplace
Blockchain
Smart contracts
Data subscription
Performance evaluation
title_short On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace
title_full On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace
title_fullStr On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace
title_full_unstemmed On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace
title_sort On the use of Blockchain to enable a highly scalable Internet of Things Data Marketplace
dc.creator.none.fl_str_mv González Carril, Víctor|||0000-0003-1932-1616
Sánchez González, Luis|||0000-0003-0136-3420
Lanza Calderón, Jorge|||0000-0002-9586-1334
Santana Martínez, Juan Ramón|||0000-0003-1374-2153
Sotres García, Pablo|||0000-0002-2881-3594
García Gutiérrez, Alberto Eloy|||0000-0002-5708-9558 
author González Carril, Víctor|||0000-0003-1932-1616
author_facet González Carril, Víctor|||0000-0003-1932-1616
Sánchez González, Luis|||0000-0003-0136-3420
Lanza Calderón, Jorge|||0000-0002-9586-1334
Santana Martínez, Juan Ramón|||0000-0003-1374-2153
Sotres García, Pablo|||0000-0002-2881-3594
García Gutiérrez, Alberto Eloy|||0000-0002-5708-9558 
author_role author
author2 Sánchez González, Luis|||0000-0003-0136-3420
Lanza Calderón, Jorge|||0000-0002-9586-1334
Santana Martínez, Juan Ramón|||0000-0003-1374-2153
Sotres García, Pablo|||0000-0002-2881-3594
García Gutiérrez, Alberto Eloy|||0000-0002-5708-9558 
author2_role author
author
author
author
author
dc.contributor.none.fl_str_mv Universidad de Cantabria
dc.subject.none.fl_str_mv Internet of Things
Data marketplace
Blockchain
Smart contracts
Data subscription
Performance evaluation
topic Internet of Things
Data marketplace
Blockchain
Smart contracts
Data subscription
Performance evaluation
description As data becomes the new fuel of the economy and a key asset to address our societal challenges, we cannot afford to have the data of businesses, public sector and individuals stored and kept unexploited or, what is worse, exploited by others that actually have the resources and capacity to do it. This is affecting not only our economic performance but also our security, safety and sovereignty. Among the plethora of data sources that exist nowadays, the Internet of Things (IoT) is recognised as a game-changer technology that expands its applicability to a huge variety of domains. Its main asset is, precisely, the data that the myriad of sensors embedded in the environment are constantly generating. The diffusion of platforms for IoT data sharing and monetisation is one of the key success factors which may help to drive the data economy and industrial transformation. In this paper, we are presenting a data sharing platform based on Blockchain, so-called Blockchain-based IoT Data Marketplace (BIDM) over which data producers and data consumers are able to share data in a decentralised and trustworthy manner. The BIDM enables a data marketplace where owners of IoT infrastructures can expose the observations that their devices generate while retaining control over who accesses each observation and directly getting revenues according to the price they have set. The evaluation that we have carried out of the BIDM's behaviour and performance in terms of operational execution times and scalability has been the basis for the discussion that we are presenting on the shortcomings that are typically associated with the use of Blockchain technologies as enablers for data marketplaces. This discussion also includes the evaluation of the challenges that must be considered for the creation of secure and interoperable Data Spaces based on Blockchain.
publishDate 2023
dc.date.none.fl_str_mv 2023
2023-07-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10902/28357
url https://hdl.handle.net/10902/28357
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv Internet of Things, 2023, 22, 100722
reponame:UCrea Repositorio Abierto de la Universidad de Cantabria
instname:Universidad de Cantabria (UC)
instname_str Universidad de Cantabria (UC)
reponame_str UCrea Repositorio Abierto de la Universidad de Cantabria
collection UCrea Repositorio Abierto de la Universidad de Cantabria
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,300719

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