IDEAS home Printed from https://ideas.repec.org/a/spr/envsyd/v43y2023i3d10.1007_s10669-023-09907-0.html
   My bibliography  Save this article

Decentralized brokered enabled ecosystem for data marketplace in smart cities towards a data sharing economy

Author

Listed:
  • Bokolo Anthony

    (Institute for Energy Technology
    Østfold University College)

Abstract

Presently data are indispensably important as cities consider data as a commodity which can be traded to earn revenues. In urban environment, data generated from internet of things devices, smart meters, smart sensors, etc. can provide a new source of income for citizens and enterprises who are data owners. These data can be traded as digital assets. To support such trading digital data marketplaces have emerged. Data marketplaces promote a data sharing economy which is crucial for provision of available data useful for cities which aims to develop data driven services. But currently existing data marketplaces are mostly inadequate due to several issues such as security, efficiency, and adherence to privacy regulations. Likewise, there is no consolidated understanding of how to achieve trust and fairness among data owners and data sellers when trading data. Therefore, this study presents the design of an ecosystem which comprises of a distributed ledger technology data marketplace enabled by message queueing telemetry transport (MQTT) to facilitate trust and fairness among data owners and data sellers. The designed ecosystem for data marketplaces is powered by IOTA technology and MQTT broker to support the trading of sdata sources by automating trade agreements, negotiations and payment settlement between data producers/sellers and data consumers/buyers. Overall, findings from this article discuss the issues associated in developing a decentralized data marketplace for smart cities suggesting recommendations to enhance the deployment of decentralized and distributed data marketplaces.

Suggested Citation

  • Bokolo Anthony, 2023. "Decentralized brokered enabled ecosystem for data marketplace in smart cities towards a data sharing economy," Environment Systems and Decisions, Springer, vol. 43(3), pages 453-471, September.
    • Handle: RePEc:spr:envsyd:v:43:y:2023:i:3:d:10.1007_s10669-023-09907-0
    DOI: 10.1007/s10669-023-09907-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10669-023-09907-0
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10669-023-09907-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Stephen Adams & Steven Greenspan & Maria Velez-Rojas & Serge Mankovski & Peter A. Beling, 2019. "Data-driven simulation for energy consumption estimation in a smart home," Environment Systems and Decisions, Springer, vol. 39(3), pages 281-294, September.
    2. Anthony Jnr. Bokolo, 2022. "Exploring interoperability of distributed Ledger and Decentralized Technology adoption in virtual enterprises," Information Systems and e-Business Management, Springer, vol. 20(4), pages 685-718, December.
    3. Juan-Francisco Delgado-de Miguel & Tamar Buil-López Menchero & Miguel-Ángel Esteban-Navarro & Miguel-Ángel García-Madurga, 2019. "Proximity Trade and Urban Sustainability: Small Retailers’ Expectations Towards Local Online Marketplaces," Sustainability, MDPI, vol. 11(24), pages 1-20, December.
    4. Igor Linkov & Sabrina Larkin & James H. Lambert, 2015. "Concepts and approaches to resilience in a variety of governance and regulatory domains," Environment Systems and Decisions, Springer, vol. 35(2), pages 183-184, June.
    5. Roger Cooke & Alexander Golub, 2020. "Market-based methods for monetizing uncertainty reduction," Environment Systems and Decisions, Springer, vol. 40(1), pages 3-13, March.
    6. Alexander Vaninsky, 2021. "Multiobjective restructuring aimed at green economic growth," Environment Systems and Decisions, Springer, vol. 41(1), pages 110-130, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aven, Terje & Renn, Ortwin, 2018. "Improving government policy on risk: Eight key principles," Reliability Engineering and System Safety, Elsevier, vol. 176(C), pages 230-241.
    2. Moreno Jaramillo, Andres F. & Laverty, David M. & Morrow, D. John & Martinez del Rincon, Jesús & Foley, Aoife M., 2021. "Load modelling and non-intrusive load monitoring to integrate distributed energy resources in low and medium voltage networks," Renewable Energy, Elsevier, vol. 179(C), pages 445-466.
    3. Derek Lemoine & Sarah Kapnick, 2024. "Financial markets value skillful forecasts of seasonal climate," Nature Communications, Nature, vol. 15(1), pages 1-10, December.
    4. Vaninsky, Alexander, 2023. "Roadmapping green economic restructuring: A Ricardian gradient approach," Energy Economics, Elsevier, vol. 125(C).
    5. Zachary A. Collier & James H. Lambert & Igor Linkov, 2021. "Advanced analytics for environmental resilience and a sustainable future," Environment Systems and Decisions, Springer, vol. 41(1), pages 1-2, March.
    6. Zachary A. Collier & James H. Lambert & Igor Linkov, 2019. "Advances in machine learning and decision making," Environment Systems and Decisions, Springer, vol. 39(3), pages 247-248, September.
    7. Bokolo Anthony, 2023. "Deployment of distributed ledger and decentralized technology for transition to smart industries," Environment Systems and Decisions, Springer, vol. 43(2), pages 298-319, June.
    8. Eric Specking & Bobby Cottam & Gregory Parnell & Edward Pohl & Matthew Cilli & Randy Buchanan & Zephan Wade & Colin Small, 2019. "Assessing Engineering Resilience for Systems with Multiple Performance Measures," Risk Analysis, John Wiley & Sons, vol. 39(9), pages 1899-1912, September.
    9. Lucyna Łȩkawska-Andrinopoulou & Georgios Tsimiklis & Sarah Leick & Manuel Moreno Nicolás & Angelos Amditis, 2021. "Circular Economy Matchmaking Framework for Future Marketplace Deployment," Sustainability, MDPI, vol. 13(10), pages 1-22, May.
    10. Giulio Mangano & Giovanni Zenezini & Anna Corinna Cagliano, 2021. "Value Proposition for Sustainable Last-Mile Delivery. A Retailer Perspective," Sustainability, MDPI, vol. 13(7), pages 1-15, March.
    11. Zachary A. Collier & James H. Lambert & Igor Linkov, 2020. "Interdisciplinary mathematical methods for societal decision-making and resilience," Environment Systems and Decisions, Springer, vol. 40(1), pages 1-2, March.
    12. Miglė Černikovaitė & Žaneta Karazijienė & Lina Bivainienė & Valdas Dambrava, 2021. "Assessing Customer Preferences for Shopping Centers: Effects of Functional and Communication Factors," Sustainability, MDPI, vol. 13(6), pages 1-17, March.
    13. Zachary A. Collier & James H. Lambert & Igor Linkov, 2020. "Concurrent threats and disasters: modeling and managing risk and resilience," Environment Systems and Decisions, Springer, vol. 40(3), pages 299-300, September.
    14. Miguel-Ángel García-Madurga & Miguel-Ángel Esteban-Navarro & Tamara Morte-Nadal, 2021. "CoVid Key Figures and New Challenges in the HoReCa Sector: The Way towards a New Supply-Chain," Sustainability, MDPI, vol. 13(12), pages 1-19, June.
    15. Bokolo Anthony Jnr & Sobah Abbas Petersen, 2023. "Using an extended technology acceptance model to predict enterprise architecture adoption in making cities smarter," Environment Systems and Decisions, Springer, vol. 43(1), pages 36-53, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:envsyd:v:43:y:2023:i:3:d:10.1007_s10669-023-09907-0. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.