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Intellectual Property Data Trading Through NFTization

    • Xi'an Jiaotong-Liverpool University

    Research output: Chapter in Book or Report/Conference proceedingConference Proceedingpeer-review

    1 Citation (Scopus)

    Abstract

    Intellectual Property (IP) is a special type of data that has broad and high trading demands. Existing blockchain-based IP data trading schemes can promote the IP data trading market by removing the dependence on centralized platforms. However, the problem of trading fairness among sellers and buyers is more challenging compared to centralized approaches. This paper addresses the trading fairness problem by representing the data as Non-Fungible Tokens (NFTs) and separating usage rights and ownership. An NFTized IP data trading system is designed and a two-stage fair trading scheme is proposed. They ensure that buyers need not pay additional money if the IP content is not useful for them, and the sellers will not lose the IP ownership until they receive additional money in the second stage of trading. A prototype for the system is realized, and based on it, a set of experiments are carried out to evaluate the performance. The experimental results show the cost is acceptable.

    Original languageEnglish
    Title of host publication2024 2nd International Conference on Big Data and Privacy Computing, BDPC 2024
    PublisherInstitute of Electrical and Electronics Engineers Inc.
    Pages179-185
    Number of pages7
    ISBN (Electronic)9798350307597
    DOIs
    Publication statusPublished - Jan 2024
    Event2nd International Conference on Big Data and Privacy Computing, BDPC 2024 - Macau, China
    Duration: 10 Jan 202412 Jan 2024

    Publication series

    Name2024 2nd International Conference on Big Data and Privacy Computing, BDPC 2024

    Conference

    Conference2nd International Conference on Big Data and Privacy Computing, BDPC 2024
    Country/TerritoryChina
    CityMacau
    Period10/01/2412/01/24

    Keywords

    • blockchain
    • data trading
    • IP data
    • NFT
    • trading fairness

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