Project Acronym: DataVaults
Project Full Title: Persistent Personal Data Vaults Empowering a Secure and Privacy Preserving Data Storage, Analysis, Sharing and Monetisation Platform
Duration: 01/01/2020 – 31/12/2022
Topic: ICT-13-2018-2019 - Supporting the emergence of data markets and the data economy
Project Website: https://www.datavaults.eu
Suite5 in DataVaults
Suite5 is the technical coordinator and the lead scientific advisor of the project. Moreover, Suite5 leads the implementation of the Personal DataVaults Application, providing components that have to do with Edge Analytics, Data Exploration and Querying, Contracts Composing over private and public distributed ledgers and Anonymisation and Persona Building services.
DataVaults goal is to set, sustain and mobilize an ever-growing ecosystem for personal data and insights sharing and for enhanced collaboration between stakeholders (data owners and data seekers). This will rely exactly on the DataVaults personal data platform’s extra functionalities and methods for retaining data ownership, safeguarding security and privacy, notifying individuals of their risk exposure, as well as on securing value flow based on smart contract. DataVaults aims to deliver a framework and a platform that has personal data, coming from diverse sources in its centre and that defines secure, trusted and privacy preserving mechanisms allowing individuals to take ownership and control of their data and share them at will, through flexible data sharing and fair compensation schemes with other entities (companies or not). The overall approach will rejuvenate the personal data value chain, which could from now on be seen as a multi-sided and multi-tier ecosystem governed and regulated by smart contracts which safeguard personal data ownership, privacy and usage and attributes value to the ones who produce it.