Data marketplaces will be used for trading sensory data, enabling the trade of data between businesses (B2B) and allowing retail users to sell their personal data to third parties. For instance, Datum has a functional app on the Android and iOS store
that allows individuals to create self-sovereign identities and use it in decentralised applications. It will also prove to be beneficial for data scientists
that are currently looking to source large data sets to train their machine learning models. By increasing the amount of data they have access to, they could reduce the frequency of errors in their model. Large-scale transfer of data between enterprises would pave ways to create new business models and unlock value that remained siloed until then. More on the matter from Trent McConaghy
's deck here.
If you are in Singapore, make sure you attend Ocean Protocol's meetup
on the 18th of December to see a live demo of their marketplace tech demo and updates from the community.