Blockchain-based transaction integrity in distributed big data marketplace

Abstract

Today Big Data occupies a crucial part of scientific research areas as well as in the business analysis of large companies. Each company tries to find the best way to make generated Big Data sets valuable and profitable. However, in most cases, companies have not enough opportunities and budget to solve this complex problem. On the other hand, there are companies (i.e., in insurance or banking) that can significantly improve their business organization by applying hidden knowledge extracted from such massive data. This situation leads to the necessity of building a platform for exchange, processing, and sale of collected Big Data sets. In this paper, we propose a distributed big data platform that implements digital data marketplace based on the blockchain mechanism for data transaction integrity.