The deployment of IoT in infrastructure applications such as energy and water distribution, transportation systems and real estate requires not only trust and transparency in the provenance of data, but is starting to catalyze transactions on data exchanges and trades. In many cases, these are decentralized (geographic) peer-to-peer platforms or transactions, requiring independent valuation of contracts and datasets.
Data brokers connect personal to corporate customers (C2B), and data processing and hosting platforms value and price B2B contracts.
The emergence of 'data swap markets' and 'risk transfer models' renders these areas ripe for block chain and cryptocurrency applications.
Collaborations with Shipchain and Ripple will explore where the business case can be made for decentralized payment services.
Ripple, a blockchain payment services company
Andrew Wu, Assistant Professor Technology & Operations and Finance, Ross School of Business
Robert Hampshire, Professor Operations Management and Policy, University of Michigan
Xiaoxue Xin, M.S. Quantitative Finance, University of Michigan