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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)
Additional Information: © 2025 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
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 and Mathematics
SWORD Depositor: A Symplectic
Date Deposited: 31 Jul 2024 15:17
Last Modified: 03 Mar 2025 12:42
URI: https://researchonline.ljmu.ac.uk/id/eprint/23836
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