For immediate release
1st December 2022
SEDIMARK: Data marketplace to enable secure and efficient data sharing within the EU
EU partners to develop a data platform for enabling secure data trading and analytics between European Data Ecosystems
In collaboration with a consortium of EU partners, researchers at the Insight SFI Research Centre for Data Analytics, University College Dublin, will design and implement a digital marketplace for efficient and secure data trading within the EU.
The SEDIMARK (Secure Decentralised Intelligent Data Marketplace) project will contribute towards the goals of the recent EU Data Strategy, which aims to position the EU as the world’s leading data hub, promoting innovation in business, research and education. A key challenge identified within the EU Data strategy is that data often remains siloed within organisations, who are reluctant to make their data available within centralised marketplaces, where they are unlikely to retain full control. As such, the data remains mostly unavailable to the entities who are best positioned to extract value from it.
SEDIMARK will develop a decentralised data market platform integrating cutting-edge technologies like blockchain, enabling trustworthy security and data governance for data providers, while advanced techniques in distributed machine learning will provide consumers with both the assurance of high quality data, and secure, trusted, on-demand computation of analytics. The project will see test usage within a number of industrial and governmental organisations across the EU, including the smart city initiatives of Santander (Spain) and Helsinki (Finland), energy (Mytilinaios) and water (EasyGlobalMarket) utility companies.
Researchers at the Insight SFI Research Centre for Data Analytics, UCD, led by Professor Aonghus Lawlor, Assoc. Prof. Neil Hurley, and Dr. Elias Tragos, will contribute their expertise in machine learning, recommender systems and system architecture, to the design and implementation of the SEDIMARK marketplace. The SEDIMARK project will run for three years, and is expected to create at least 4 new research positions within Insight at University College Dublin. The Insight SFI Research Centre for Data Analytics is a joint initiative between researchers at UCD, NUI Galway, UCC, DCU and other partner institutions. The €150 million research centre is funded by Science Foundation Ireland (SFI) and a wide range of industry partners.
Dr. Aonghus Lawlor, speaking at the project kick-off meeting in Santander, Spain, said that “the Sedimark consortium brings together diverse research expertise from across the EU. At Insight, we’re excited to be contributing our expertise in distributed machine learning and recommender systems towards the goal of creating a viable privacy-preserving decentralised data space for Europe.”
Assoc. Prof. Neil Hurley remarked that, “In today’s data driven economy, there is a growing need to streamline the process by which industrial and governmental entities can make their datasets available to one another. While the EU’s data remains siloed within individual organisations, its potential for data-driven growth remains deeply constrained. The benefits that SEDIMARK will introduce through its use of blockchain data governance and distributed data analytics could be enormous.”
SEDIMARK is funded by the European Union’s Horizon Europe framework under the grant agreement no. 101070074. Researchers from a diverse set of research institutions and companies across the EU will participate within the project. These partners include Insight UCD, Universidad de Cantabria (Spain), INRIA (France), Fondazione LINKS (Italy), ATOS (Spain), Siemens (Romania), Mytilinaios (Greece), Easy Global Market (France), WINGS ICT Solutions (Greece), Ayuntamiento de Santander (Spain), the University of Surrey (UK) and Forum Virium Helsinki (Finland). Learn more on the project website here: https://sedimark.eu/
Insight SFI Research Centre for Data Analytics
The Insight SFI Research Centre for Data Analytics is one of Europe’s largest data analytics research organisations, with over 450 researchers, more than 80 industry partners and €150+ million in funding. Its research spans Fundamentals of Data Science, Sensing and Actuation, Scaling Algorithms, Model Building, Multi-Modal Analysis, Data Engineering and Governance, Decision Making, and Trustworthy AI.
Insight is made up of four host institutions at DCU, University of Galway, UCC and UCD. Insight’s partner sites are Maynooth University, Tyndall, TCD and UL.