Project introduction ---

The SEDIMARK project promoted safe data utilisation

Artikkelikuva: Project introduction

The SEDIMARK project developed a decentralised data marketplace to promote safe and efficient information gathering, which promotes both efficient data utilisation between different operators and services in the shared EU data space.

The value of the data market is anticipated to increase to a whopping 100 billion euros by 2025. This puts the spotlight on a need for safe and efficient data management solutions. The SEDIMARK project promotes the creation of decentralised data markets by identifying the financial possibilities of data.

Objective

The objective of the SEDIMARK (SEcure Decentralised Intelligent Data MARKetplace) project was to build a safe decentralised data marketplace to promote efficient data utilisation. The key objective of the project was to create a system that will facilitate safe and reliable data sharing between different operators. Such a data marketplace will promote new innovations, economic growth and research, which will benefit all operators taking part in the data sharing.

The project developed new technologies, such as methods utilising blockchain (DLT) and artificial intelligence (AI) to ensure the reliability and integrity of data.

Benefits of a decentralised data market:

  • More effective data security
  • Improved data quality
  • Increased compatibility and cooperation
  • Decentralised data management and trust

Data marketplace

Deploy the data marketplace developed by the SEDIMARK project here: https://github.com/Sedimark/platform/wiki/2.-Getting-Started.

Duration, partners and funding

  • The duration of the project was 1 October 2022–30 September 2025
  • The SEDIMARK project was headed by ATOS IT SOLUTIONS AND SERVICES IBERIA SL 
  • SEDIMARK’s project consortium was European, consisting of twelve partners from eight different countries.
  • The project received funding from the European Union’s Horizon 2020 programme. The project had a total budget of 5,250,985 euros, of which Forum Virium Helsinki’s share is 149,250 euros.

The role of Forum Virium Helsinki

Forum Virium Helsinki was responsible for partial implementation of the project’s Helsinki pilot. The objective of the Mobility Digital Twin in Helsinki pilot was to test the functionality of the SEDIMARK data marketplace concept and convey information via the digital twin for mobility. In the context of SEDIMARK, the Helsinki use case means that the City’s existing digital twin will be updated and expanded with data provided by third parties and the City’s own infrastructure.

Benefits for Helsinki

The decentralised data marketplace promotes cooperation between the City and companies. The practical experiences yielded by the project provide understanding of the operation of the data marketplace and the cooperation model, as well as help identify perspectives necessary for business activities.

Responsibility

The objective of the project was to create a reliable and sustainable data marketplace ecosystem that enables end users to directly utilise the results in order to improve their functions. Energy-efficient artificial intelligence technologies will be used for automatic data quality control, classification and labelling, as well as decentralised analytics and advanced services for utilising the data.

Project channels