From the report: "From
the early days of the information economy, personal data has been its most
valuable asset. Despite data protection laws, companies trade personal
information and often intrude on the privacy of individuals. As a result,
consumers become more and more irritated and concerned. They feel out of
control and lose trust in electronic environments. Technologists, economists
and regulators are struggling to develop solutions that meet businesses’ demand
for more personal information while maintaining privacy. However, no promising
proposals seem to be in sight. A vision of how internet
economics can accommodate privacy is elusive. We would like to break this
helpless cycle and propose a 3-tier market model for personal information
markets with privacy. In our model, clear roles, rights and obligations for all
actors re-establish trust. The 1st market tier, ‘relationship space’, enables
data subjects and visible business partners to build trusting relationships.
The 2nd market tier, ‘service space’, supports 1st tier relationships with
distributed information processing. The 3rd tier is called ‘rich information
space’. Here, anonymized personal information will drive innovative
socio-inspired services, and companies can freely exchange non-identified data
without restrictions. To transition to this model, we show how existing
privacy-enhancing technologies and legal requirements can be integrated." Read more
