Insight researchers lead development of European data marketplace
Researchers at Insight, the Science Foundation Ireland research centre for data analytics, University College Dublin, in collaboration with a consortium of EU partners will design and implement a digital marketplace for efficient and secure data trading within the EU.
The SEDIMARK (Secure Decentralised Intelligent Data Marketplace) project will contribute towards the goals of the recent EU Data Strategy, which aims to position the EU as the world’s leading data hub, promoting innovation in business, research and education. A key challenge identified within the EU Data strategy is that data often remains siloed within organisations, who are reluctant to make their data available within centralised marketplaces, where they are unlikely to retain full control. As such, the data remains mostly unavailable to the entities who are best positioned to extract value from it.
SEDIMARK will develop a decentralised data market platform integrating cutting-edge technologies like blockchain, enabling trustworthy security and data governance for data providers, while advanced techniques in distributed machine learning will provide consumers with both the assurance of high quality data, and secure, trusted, on-demand computation of analytics. The project will see test usage within a number of industrial and governmental organisations across the EU, including the smart city initiatives of Santander (Spain) and Helsinki (Finland), energy (Mytilinaios) and water (EasyGlobalMarket) utility companies.
The team based at UCD will be led by Professor Aonghus Lawlor, who will be joined by Associate Professor Neil Hurley; and Dr Elias Tragos.
The project will run for three years and is expected to create at least four new research positions.
Dr Lawlor, speaking at the project kick-off meeting in Santander, Spain, said: “The Sedimark consortium brings together diverse research expertise from across the EU. At Insight, we’re excited to be contributing our expertise in distributed machine learning and recommender systems towards the goal of creating a viable privacy-preserving decentralised data space for Europe.”
SEDIMARK is funded by the European Union’s Horizon Europe framework under the grant agreement no. 101070074. Researchers from a diverse set of research institutions and companies across the EU will participate within the project. These partners include Insight UCD, Universidad de Cantabria (Spain), INRIA (France), Fondazione LINKS (Italy), ATOS (Spain), Siemens (Romania), Mytilinaios (Greece), Easy Global Market (France), WINGS ICT Solutions (Greece), Ayuntamiento de Santander (Spain), the University of Surrey (UK) and Forum Virium Helsinki (Finland).