Blockchain and Crypto Currency: Building a High Quality Marketplace for Crypto Data PDF
This book contributes to the creation of a cyber ecosystem supported by Blockchain technology in which technology and people can coexist in harmony. Blockchains have shown that trusted records, or ledgers, of permanent data can be stored on the Internet in a decentralized manner. The decentralization of the recording process is expected to significantly economize the cost of transactions.
Creating a ledger on data, a blockchain makes it possible to designate the owner of each piece of data, to trade data pieces, and to market them.
This book examines the formation of markets for various types of data from the theory of market quality proposed and developed by M. Yano. Blockchains are expected to give data itself the status of a new production factor. Bringing ownership of data to the hands of data producers, blockchains can reduce the possibility of information leakage, enhance the sharing and use of IoT data, and prevent data monopoly and misuse.
About the Authors
- Makoto Yano is Chairman of the Research Institute of Economy, Trade and Industry (RIETI); he is also a specially appointed professor at Kyoto University, Jochi University, and Chubu University.