Blockchain-based data privacy management with Nudge theory in open banking

Open banking brings both opportunities and challenges to banks all over the world especially in data management. A blockchain as a continuously growing list of records managed by a peer-to-peer network is widely used in various application scenarios; and it is commonly agreed that the blockchain technology can improve the protection of financial data privacy. However, current blockchain technology still poses some challenges in fully meeting the needs of financial data privacy protection. In order to address the existing problems, this paper proposes a new data privacy management framework based on the blockchain technology for the financial sector. The framework consists of three components: (1) a data privacy classification method according to the characteristics of financial data; (2) a new collaborative-filtering-based model; and (3) a data disclosure confirmation scheme for customer strategies based on the Nudge Theory. We implement a prototype and propose a set of algorithms for this framework. The framework is validated through field experiments and laboratory experiments. © 2019 Elsevier B.V

IDMoB: IoT Data Marketplace on Blockchain

Today, Internet of Things (IoT) devices are the powerhouse of data generation with their ever-increasing numbers and widespread penetration. Similarly, artificial intelligence (AI) and machine learning (ML) solutions are getting integrated to all kinds of services, making products significantly more "smarter". The centerpiece of these technologies is "data". IoT device vendors should be able keep up with the increased throughput and come up with new business models. On the other hand, AI/ML solutions will produce better results if training data is diverse and plentiful. In this paper, we propose a blockchain-based, decentralized and trustless data marketplace where IoT device vendors and AI/ML solution providers may interact and collaborate. By facilitating a transparent data exchange platform, access to consented data will be democratized and the variety of services targeting end-users will increase. Proposed data marketplace is implemented as a smart contract on Ethereum blockchain and Swarm is used as the distributed storage platform.Comment: Presented at Crypto Valley Conference on Blockchain Technology (CVCBT 2018), 20-22 June 2018 - published version may diffe