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IEEE Standard for a Data-Trading System: Overview, Terminology, and Reference Model
New IEEE Standard - Active.
A standard is defined for setting up and operationalizing a data-trading system (DTS) to trade data through a domain-independent and principled marketplace under a unified architecture.
Definitions and specifications for stakeholders, relevant external entities, and objects; definitions of the reference model, trading terms, functional and non-functional requirements to operate a DTS; and an overview of the data trading via the DTS are provided.
These are foundational for operationalizing a data-trading system that allows data trading among multiple stakeholders.
This standard establishes a system designed to trade data through *domain-independent* and *principled marketplaces* operating under a **unified architecture**.
It defines terminology, a reference model, and the roles and functions of data providers, users, and marketplaces.
The standard provides an overview of the data-trading system using its reference model.
This standard provides the foundation for a data-trading system that allows multilateral exchanges of data.
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