FAME: Federated Decentralized Trusted Data Marketplace for Embedded Finance

Argyro Mavrogiorgou, Athanasios Kiourtis, Georgios Makridis, Dimitrios Kotios, Vasileios Koukos, Dimosthenis Kyriazis, John Soldatos, Georgios Fatouros, Dimitrios Drakoulis, Pedro Malo, Martin Serrano, Mauro Isaja, Raquel Lazcano, Juan Manuel Vera, Fabiana Fournier, Lior Limonad, Konstantinos Perakis, Dimitrios Miltiadou, Pavlos Kranas, Alper SenIrene Zattarin, Ernesto Troiano

    Research output: Chapter in Book or Conference Publication/ProceedingConference Publicationpeer-review

    15 Citations (Scopus)

    Abstract

    Due to its multivariate and multipurpose use and reuse, data's worth is dramatically increasing, leading to an era characterized by the generation of data marketplaces towards accessing, selling, sharing, and trading data and data assets. However, most market vendors still follow a centralized monolithic cloud model for controlling most of the market for data services. Also, this strategy is incompatible with European objectives for cloud computing and the data economy, lacking data sovereignty and cross-cloud interoperability principles. Towards these limitations, the FAME project is introduced as a joint effort in the fields of data management, data technologies, data economy, and digital finance to develop, deploy and launch to the global market a unique, trustworthy, energy efficient, and secure federated data marketplace for Embedded Finance (EmFi). This marketplace is envisioned to alleviate the proclaimed limitations of centralized cloud data marketplaces towards demonstrating the full potential of the data economy. Security, interoperability, decentralized and regulatory compliant data exchange, data assets' trading and pricing, as well as integration of trusted and energy efficient analytics are among the core functionalities of FAME, which aims to act as a single-entry point data marketplace for the EmFi domain. FAME will be evaluated upon different real-world use cases covering the financial industry, building a vibrant community of EmFi stakeholders around the envisioned marketplace.

    Original languageEnglish
    Title of host publication2023 International Conference on Smart Applications, Communications and Networking, SmartNets 2023
    PublisherInstitute of Electrical and Electronics Engineers Inc.
    ISBN (Electronic)9798350302523
    DOIs
    Publication statusPublished - 2023
    Event2023 International Conference on Smart Applications, Communications and Networking, SmartNets 2023 - Istanbul, Turkey
    Duration: 25 Jul 202327 Jul 2023

    Publication series

    Name2023 International Conference on Smart Applications, Communications and Networking, SmartNets 2023

    Conference

    Conference2023 International Conference on Smart Applications, Communications and Networking, SmartNets 2023
    Country/TerritoryTurkey
    CityIstanbul
    Period25/07/2327/07/23

    Keywords

    • Data Assets
    • Data Economy
    • Data Marketplace
    • Embedded Finance
    • Federated Marketplace

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