An SSI Based System for Incentivized and SelfDetermined Customer-to-Business Data Sharing in a Local Economy Context

With ongoing developments in the field of smart cities and digitalization in general, data is becoming a driving factor and value stream for new and existing economies alike. However, there exists an increasing centralization and monopolization of data holders and service providers, especially in the form of the big US-based technology companies in the western world and central technology providers with close ties to the government in the Asian regions. Self Sovereign Identity (SSI) provides the technical building blocks to create decentralized data-driven systems, which bring data autonomy back to the users. In this paper, we propose a system in which the combination of SSI and a token economy based incentivisation strategies makes it possible to unlock the potential value of data-pools without compromising the data autonomy of the users.