A Secure Personal-Data Trading System Based on Blockchain, Trust, and Reputation

Abstract

Every citizen has the right to privacy and, therefore, the right to control their personal information, deciding to whom, when, and where their information is available. This paper proposes a secure, agile, and effective system for a distributed, automatic, and transparent data trading between domains using blockchain, smart contracts, trust, and reputation. We develop and implement a prototype of a trust and reputation system based on real-life interactions. The results show that the proposed system provides security and privacy in a quick and distributed way, performing hundreds of transactions per second, and effectively punishing malicious behavior.