Data Marketplace Platform for Cross-Entity Licensing
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Solution Overview
Problem
Traditional systems for managing data sets are limited in allowing access and sharing between different entities, failing to facilitate efficient data set acquisition, analysis, and negotiation of licensing terms, which hinders the utilization of relevant data for organizations and individuals.
Innovation Solution
A data marketplace platform that enables data set owners to list their data sets for licensing, allows prospective buyers to browse and purchase data sets, and provides access to analysts for data analysis, while negotiating licensing agreements and managing royalties.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional data management systems are used, then data sets can be stored and managed within individual organizations, but access and sharing between different entities is limited
Solution Approach 1:
The patent introduces a data marketplace platform as an intermediary system that connects data set owners with prospective buyers and analysts. This platform enables cross-organizational data access without requiring direct integration between individual organization systems, thus improving adaptability while managing complexity through a centralized mediation layer.
Solution Approach 2:
The data marketplace platform serves multiple functions: it acts as a catalog for data sets, a negotiation platform for licensing terms, a payment processing system, and an access management interface. This multi-functional approach improves data access capability across different entities while consolidating system complexity into a single universal platform.
2Productivity
If data sets are made accessible to multiple entities, then data utilization improves, but data security and access control become more difficult to manage
Solution Approach 1:
The patent implements differentiated access rights where different users (data set owners, buyers, analysts) have specific permissions tailored to their roles. Data set owners can control who accesses their data and under what conditions, while buyers can access purchased data sets, and analysts can access data for analysis purposes. This localized permission structure enables broad data utilization while maintaining security through role-specific access controls.
3Ease of operation
If traditional licensing systems are used, then data sets can be purchased, but negotiation on critical issues such as price and licensing terms is not allowed
Solution Approach 1:
The patent implements a dynamic licensing system where initial licensing terms can be negotiated between data set owners and buyers. The system allows for flexible agreement structures that can be customized based on mutual negotiation, enabling adaptability in pricing and licensing terms while maintaining operational simplicity through automated contract management and enforcement.
4Loss of information
If data sets are stored and managed by individual organizations, then data ownership is clear, but finding and analyzing relevant data sets from other organizations is difficult
Solution Approach 1:
The patent implements a pre-organized data catalog system where data set owners can describe and categorize their data sets in advance using standardized metadata schemas. This preliminary organization enables efficient searching and discovery by prospective buyers and analysts without requiring complex real-time data processing or infrastructure integration between organizations.
Data Source
AI summary
The disclosed computer-implemented method for providing access to data sets owned by different entities may include (1) providing a data marketplace platform that allows a plurality of data set owners to each list their own data sets for licensing to any of a plurality of prospective data set license buyers, (2) receiving, at the data marketplace platform, a data set owned by a data set owner, (3) creating a sale listing for the data set, (4) displaying, on the data marketplace platform, the sale listing for the data set to at least one prospective data set license buyer, (5) receiving, from the prospective data set license buyer, an order to license the data set, and (6) providing, via the data marketplace platform, access for the prospective data set license buyer to the data set. Various other methods, systems, and computer-readable media are also disclosed.