- Public Report D1.3 Public Innovation Concept
- This document comprises the smashHit innovation concept as a whole, leading from today’s constraints in consent/contract processes to how smashHit will face those challenges with its innovative trusted and secure system concept.
Public Innovation Concept
Public Report D1.3 Public Innovation Concept. Welcome to our smashHit Public Innovation Concept. From the very first, we were absolutely convinced that the growing Data Economy has to become more attractive for its key stakeholders (data owners, data providers and data processors) to overcome existing barriers, as e.g. the com- plicated and time-consuming consent/contract processes, hindering to build-up innovative services using data from multiple sources. In this report you will find some more details about the smashHit system concept as a whole, leading from today’s constraints in consent/contract processes to how smashHit will face those challenges with its innovative trusted and secure system concept.
With the growing ability of Cyber Physical Products (CPP) to generate, gather and share data with third parties among different data-sharing platforms, there will be a general need for flexible and easily manageable procedures to handle data owner consent and legal rules, to achieve effective and traceable contracting. The challenges and complexities of the General Data Protec- tion Regulation (GDPR) directives make cumbersome mechanisms necessary to gain, record and manage consent. Also, data owners are wary about improper use of their data. The combination of understanding and relating to the value proposition, consumer trust, and cumbersome consent processes, results in a low opt-in rate for connected CPP data exchange (e.g. data from cars) and prevent the creation of innovative services (e.g. connected insurance programs, or smart city solutions).