We are tackling the problem of trading real-world private information using only cryptographic protocols and a public blockchain to guarantee honest transactions. In this project, we consider three types of agents --buyers, sellers and notaries-- interacting in a decentralized privacy-preserving data marketplace (dPDM) such as the Wibson data marketplace. This framework offers infrastructure and financial incentives for individuals to securely sell personal information while preserving personal privacy. Here we provide an efficient cryptographic primitive for the secure exchange of data in a dPDM, which occurs as an atomic operation wherein the data buyer gets access to the data and the data seller gets paid simultaneously.
@cite_1: Our aim is for Wibson to be a blockchain-based, decentralized data marketplace that provides individuals a way to securely and anonymously sell information in a trusted environment. The combination of the Wibson token and blockchain-enabled smart contracts hopes to allow Data Sellers and Data Buyers to transact with each other directly while providing individuals the ability to maintain anonymity as desired. Wibson intends that its data marketplace will provide infrastructure and financial incentives for individuals to securely sell personal information without sacrificing personal privacy. Data Buyers receive information from willing and actively participating individuals with the benefit of knowing that the personal information should be accurate and current.
We assume that the Data Seller @math and Data Buyer @math are participating in a Data Exchange protocol, such as the Wibson protocol @cite_1 , and have already completed the following steps: The Buyer @math has verified that the Seller @math belongs to the Buyer’s audience of interest. The Data requested is available. Buyer @math and Seller @math have agreed on a price that is acceptable to both parties.