Research datasets as assets : Blockchain-based valuation and transaction methods

Author / Creator

ConV2X (2021)

Conferences

ConV2X Blockchain & Frontier Technology (2021)

Available as

Online

Summary

There is increasing recognition that health-oriented datasets could be regarded as intangible assets: distinct assets with future economic benefits but without physical properties. While health-ori...

There is increasing recognition that health-oriented datasets could be regarded as intangible assets: distinct assets with future economic benefits but without physical properties. While health-oriented datasets-particularly health records-are ascribed monetary value on the black market, there are few established methods for assessing value for legitimate research and business purposes. The emergence of blockchain has created new commerce opportunities for transferring assets without intermediaries. Therefore, blockchain is proposed as a medium by which research datasets could be transacted to provide future value. Blockchain methodologies also offer security, auditability, and transparency to authorized individuals for verifying transactions. The authors will share data valuation methodologies consistent with accounting principles and include discussions of black market valuation of health data. Further, this article describes blockchain-based methods of managing real-time payment/micropayment strategies.

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