01-30, 17:10–17:50 (Europe/Zurich), Beacon Stage
We present and evaluate the design of a system that allows users to combine private data into data pools using trusted execution environments and manage these pools by issuing digital rights tokens (DRTs) to third-party data analysts. Digital rights token represent specific rights to a pool of data and are issued on a distributed ledger.
Data analysts can purchase the right to execute open source code on the combined encrypted data and receive the result from this code execution, but not the underlying data. Different from other information infrastructures, the operators of the Nautilus platform cannot access the private data, which protects users' rights to their data. We discuss applications of the platform to financial and healthcare data analytics as well as implications for data governance more broadly.
Co-Pierre Georg is the Director of the Frankfurt School Blockchain Center. He joined the Frankfurt School of Finance & Management from the University of Cape Town (UCT), where he held the DSI/NRF Dual Research Chair in Blockchain Technologies and the South African Reserve Bank Research Chair in Financial Stability Studies. Previously, he was an Associate Professor of Finance at EDHEC Business School in France. Co-Pierre Georg obtained his PhD in 2011 from the University of Jena and later joined the Deutsche Bundesbank Research Centre. At UCT, he established a highly sought-after Master's degree in financial technology and launched the UCT Financial Innovation Hub. He is a Research Associate at the Oxford Martin School for the 21st Century and at the Center for Global Legal Transformation at Columbia University. He has held visiting positions at HEC Paris, EPFL, MIT, Columbia, Oxford, and Princeton. His research focuses on financial and social interconnections, privacy in distributed systems, digital property rights, and cyber security. In his recent work he is particularly interested in how technology shapes a new financial system. Co-Pierre Georg published in leading academic journals, including Operations Research, Research Policy, Journal of Economic Theory, Journal of Financial Stability, the Journal of Banking and Finance, Nature Scientific Reports, and Nature Physics.