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User incentives for blockchain-based data sharing platforms
Data sharing is very important for accelerating scientific research, business innovations, and for informing individuals. Yet, concerns over data privacy, cost, and lack of secure data-sharing solutions have prevented data owners from sharing data. To overcome these issues, several research works ha...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9009633/ https://www.ncbi.nlm.nih.gov/pubmed/35421150 http://dx.doi.org/10.1371/journal.pone.0266624 |
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author | Jaiman, Vikas Pernice, Leonard Urovi, Visara |
author_facet | Jaiman, Vikas Pernice, Leonard Urovi, Visara |
author_sort | Jaiman, Vikas |
collection | PubMed |
description | Data sharing is very important for accelerating scientific research, business innovations, and for informing individuals. Yet, concerns over data privacy, cost, and lack of secure data-sharing solutions have prevented data owners from sharing data. To overcome these issues, several research works have proposed blockchain-based data-sharing solutions for their ability to add transparency and control to the data-sharing process. Yet, while models for decentralized data sharing exist, how to incentivize these structures to enable data sharing at scale remains largely unexplored. In this paper, we study different incentive mechanisms for decentralized data-sharing platforms. Smart contracts are used to automate different payment options between data owners and data requesters. We evaluate multiple cost pricing scenarios for data monetization by simulating incentive mechanisms on a blockchain-based data-sharing platform. We show that a cost compensation model for the data owner rapidly cover the cost of data sharing and balance the overall incentives for all the actors in the platform. |
format | Online Article Text |
id | pubmed-9009633 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-90096332022-04-15 User incentives for blockchain-based data sharing platforms Jaiman, Vikas Pernice, Leonard Urovi, Visara PLoS One Research Article Data sharing is very important for accelerating scientific research, business innovations, and for informing individuals. Yet, concerns over data privacy, cost, and lack of secure data-sharing solutions have prevented data owners from sharing data. To overcome these issues, several research works have proposed blockchain-based data-sharing solutions for their ability to add transparency and control to the data-sharing process. Yet, while models for decentralized data sharing exist, how to incentivize these structures to enable data sharing at scale remains largely unexplored. In this paper, we study different incentive mechanisms for decentralized data-sharing platforms. Smart contracts are used to automate different payment options between data owners and data requesters. We evaluate multiple cost pricing scenarios for data monetization by simulating incentive mechanisms on a blockchain-based data-sharing platform. We show that a cost compensation model for the data owner rapidly cover the cost of data sharing and balance the overall incentives for all the actors in the platform. Public Library of Science 2022-04-14 /pmc/articles/PMC9009633/ /pubmed/35421150 http://dx.doi.org/10.1371/journal.pone.0266624 Text en © 2022 Jaiman et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Jaiman, Vikas Pernice, Leonard Urovi, Visara User incentives for blockchain-based data sharing platforms |
title | User incentives for blockchain-based data sharing platforms |
title_full | User incentives for blockchain-based data sharing platforms |
title_fullStr | User incentives for blockchain-based data sharing platforms |
title_full_unstemmed | User incentives for blockchain-based data sharing platforms |
title_short | User incentives for blockchain-based data sharing platforms |
title_sort | user incentives for blockchain-based data sharing platforms |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9009633/ https://www.ncbi.nlm.nih.gov/pubmed/35421150 http://dx.doi.org/10.1371/journal.pone.0266624 |
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