Data is the new oil, a vastly untapped potential. 73% of consumers would be willing to share their private data — and profit from it — if only they had a way to license, control and track it. Businesses want this data, of course, for many reasons. What is missing is a solution to enable data distribution and licensing between all participants. With support of Intel and the SGX technology, Aggregion is expanding the platform capabilities to include the licensing and control of any type of consumer data C2B2B and enable businesses to legally and transparently exchange data for mutual benefit.
To do this, Aggregion is developing a governance protocol through which digital data objects may be securely distributed and transparently monetized in compliance with data privacy protection legislation.
Intel SGX enables blockchain-based applications to preserve the confidentiality and integrity of sensitive code and data through hardware-based memory encryption that isolates specific application code and data in memory.
Aggregion integration with the Intel SGX technology provides secure licensing authorization on hardware level of any data collecting or generating ‘smart’ IoT device: mobile phones, retail Point of Sale terminals, cars, banking transactions, medical devices, cameras, or any other utilizing SGX enabled Intel chipset.
This integration is a part of a much larger Aggregion project: the Universal User Digital Profile, placing the consumers in the driver seat of their private data, much like the media and software copyright holders. Consumers may specify conditions on which their data might be licensed and track how businesses exchange and trade this data B2B through any usage scenarios. A data marketplace governed by smart contracts and AI will automatically route this data and report usage and transfer royalties back to the users.