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A Blockchain-based Data Sharing Scheme using Attribute-Based Encryption and Fungible Tokens

Daly, A, Lee, G and Truong, NB A Blockchain-based Data Sharing Scheme using Attribute-Based Encryption and Fungible Tokens. In: GLOBECOM 2024 - 2024 IEEE Global Communications Conference Proceedings . (Globecom 2024, 8th Dec - 12th Dec 2024, Cape Town, South Africa). (Accepted)

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Abstract

Over the last few years, a number of serious data breaches have intensively occurred that have raised a significant public awareness on data privacy whilst motivated researchers to envisage novel data sharing and management schemes. Meanwhile, personal information is becoming a valuable commodity; however, the business model used by service providers rarely involves sharing the revenue made by selling personal data, with the individuals - the owners of the data. This paper proposes an alternative storage and data sharing method leveraging Blockchain technology, Smart Contracts, and Attributed-based Encryption. Blockchain’s core features such as transparency and immutability of transactions is utilised to create a decentralised system that allows individuals to maintain control over their data and directly benefit from it. Smart contracts integrated with Attributed-based encryption schemes can be leveraged to allow users to securely share the data in an automate process, enabling them to receive a fair share of revenue for the use of their data by the service providers.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Attributed-Based Encryption; Blockchain; Data Sharing; GDPR; Privacy; Fungible Token
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions: Computer Science & Mathematics
SWORD Depositor: A Symplectic
Date Deposited: 31 Jul 2024 15:17
Last Modified: 31 Jul 2024 15:17
URI: https://researchonline.ljmu.ac.uk/id/eprint/23836
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