This open access book contributes to the development of a cyber ecosystem supported by blockchain technology, fostering a harmonious coexistence of technology and people. Blockchains have demonstrated that trusted records, or ledgers, of permanent data can be stored on the Internet in a decentralized manner. This decentralization of the recording process is expected to significantly reduce transaction costs.
By creating a ledger of data, blockchain technology enables the designation of data ownership, the trading of data pieces, and their marketing. The book delves into the formation of markets for various types of data, building on the theory of market quality proposed and developed by M. Yano.
Blockchains are poised to elevate data itself to the status of a new production factor. By transferring data ownership to data producers, blockchains can minimize the risk of information leakage, enhance the sharing and utilization of IoT data, and prevent data monopolies and misuse. The industry’s future looks promising with the development of better technology and the establishment of a robust infrastructure to support the blockchain market.
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