DataVaults: A Secure, Distributed and Privacy Preserving Personal Data Management Platform

With the rapid development of information technology, the ethical use of data and users' privacy has become a big concern. In European Union, the General Data Protection Regulation (GDPR) has been enforced since 2018, aiming to protect a person's privacy. However, the growth of the data economy might be hindered due to the lack of a trusted, secure and privacy-aware tool. Motivated by this observation, this work presents Data Vaults - a secure, distributed and privacy-preserving personal data management platform. The main goal is to mitigate various privacy concerns through allowing an individual to maintain the ownership, handle and share the data based on their willingness. The platform enables a flexible data sharing method with fair compensation schemes. In particular, with the Data Vaults platform, an individual can protect the sharing of personal data and fairly define how value can be captured, created, released and cashed out for the benefit of all the stakeholders involved (companies or not).