# IDMoB: IoT Data Marketplace on Blockchain

arXiv: https://arxiv.org/abs/1810.00349 · HTML: https://mlsanity.com/paper/1810.00349/

## Key facts

- Cited by 5 papers in the map (data through 14 Oct 2026).
- First posted on arXiv 30 Sep 2018.

## Built on by (most cited first, 5 of 5)

- [OmniLytics: A Blockchain-based Secure Data Market for Decentralized Machine Learning](https://mlsanity.com/paper/2107.05252/) (2021)
- [Proof-of-Contribution-Based Design for Collaborative Machine Learning on Blockchain](https://mlsanity.com/paper/2302.14031/) (2023)
- [Blockchain-Empowered Trustworthy Data Sharing: Fundamentals, Applications, and Challenges](https://mlsanity.com/paper/2303.06546/) (2023)
- [Designing a Trusted Data Brokerage Framework in the Aviation Domain](https://mlsanity.com/paper/2111.13271/) (2021)
- [OmniLytics+: A Secure, Efficient, and Affordable Blockchain Data Market for Machine Learning through Off-Chain Processing](https://mlsanity.com/paper/2406.06477/) (2024)

## Abstract (arXiv)

Today, Internet of Things (IoT) devices are the powerhouse of data generation with their ever-increasing numbers and widespread penetration. Similarly, artificial intelligence (AI) and machine learning (ML) solutions are getting integrated to all kinds of services, making products significantly more "smarter". The centerpiece of these technologies is "data". IoT device vendors should be able keep up with the increased throughput and come up with new business models. On the other hand, AI/ML solutions will produce better results if training data is diverse and plentiful. In this paper, we propose a blockchain-based, decentralized and trustless data marketplace where IoT device vendors and AI/ML solution providers may interact and collaborate. By facilitating a transparent data exchange platform, access to consented data will be democratized and the variety of services targeting end-users will increase. Proposed data marketplace is implemented as a smart contract on Ethereum blockchain and Swarm is used as the distributed storage platform.