The world is drowning in data. Why don’t we trade it like on a stock exchange?

Data exchanges would allow data to be traded in an open, efficient and accountable way.
Data as a commodity has different properties to traditional financial assets.
We must develop new standards for valuation and regulation in order to trade data.

The digital revolution is flooding the world with data. By 2025, an astounding 175 zettabytes – that’s 175 trillion gigabytes – of new data is expected to be generated annually, a fivefold increase on 2018. Much of that data will end up sitting idle on servers and hard drives –unused, unanalyzed, and, perhaps worst of all, unshared.

Data is valuable only when it is in the right hands: One person’s meaningless statistic can be another person’s gold. If that other person is, say, an epidemiologist, a climate scientist, or an emergency worker in a natural disaster, the value of shared data can be measured in lives.

Veille-cyber

Next Number of 'Active' Blockchain Games Doubled in Past Year to Almost 400 »

Previous « A NEW USE FOR AI: SUMMARIZING SCIENTIFIC RESEARCH FOR SEVEN-YEAR-OLDS