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Excellent Science INNOVATION
Shareable non-fungible token (sNFT) platform
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Market Maturity: Business Ready
These are innovations that are putting concrete market-oriented ideas together and are, for example, pursuing market studies, business plans, engagements with relevant partner and end-users. Learn more
Market Creation Potential
This innovation was assessed by the JRC’s Market Creation Potential indicator framework as addressing the needs of existing markets and existing customers. Learn more
Go to Market needs
Needs that, if addressed, can increase the chances this innovation gets to (or closer to) the market incude:
  • Prepare for Market entry
  • Secure capital
  • Scale-up market opportunities
Location of Key Innovators developing this innovation
Key Innovators
UN Sustainable Development Goals(SDG)
This innovation contributes to the following SDG(s)
SUSTAINABLE DEVELOPMENT GOAL 8
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

The UN explains: "Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty."

SUSTAINABLE DEVELOPMENT GOAL 9
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

The UN explains: "Investments in infrastructure – transport, irrigation, energy and information and communication technology – are crucial to achieving sustainable development and empowering communities in many countries. It has long been recognized that growth in productivity and incomes, and improvements in health and education outcomes require investment in infrastructure."

SUSTAINABLE DEVELOPMENT GOAL 11
Make cities and human settlements inclusive, safe, resilient and sustainable

The UN explains: "The challenges cities face can be overcome in ways that allow them to continue to thrive and grow, while improving resource use and reducing pollution and poverty. The future we want includes cities of opportunities for all, with access to basic services, energy, housing, transportation and more."

SUSTAINABLE DEVELOPMENT GOAL 12
Ensure sustainable consumption and production patterns

The UN explains: "Sustainable consumption and production is about promoting resource and energy efficiency, sustainable infrastructure, and providing access to basic services, green and decent jobs and a better quality of life for all. Its implementation helps to achieve overall development plans, reduce future economic, environmental and social costs, strengthen economic competitiveness and reduce poverty.

SUSTAINABLE DEVELOPMENT GOAL 17
Strengthen the means of implementations and revitalize the global partnership for sustainable development

The UN explains: "A successful sustainable development agenda requires partnerships between governments, the private sector and civil society. These inclusive partnerships built upon principles and values, a shared vision, and shared goals that place people and the planet at the centre, are needed at the global, regional, national and local level."

The EU-funded Research Project
This innovation was developed under the Horizon 2020 project ATARCA with an end date of 31/03/2023
  • Read more about this project on CORDIS
Description of Project ATARCA
Data markets and markets for other digital goods are failing. At the same time, Distributed Ledger Technology (DLT) has been suggested as a means to create new value and new economic structures. However, the underlying economic phenomena, especially the structural characteristics of the digital goods, are poorly understood. For over half a century, economists have made a distinction between rival and nonrival goods. Rival goods lose value when consumed, while nonrival ones may be used repeatedly, without losing value. In Ostrom's terms, the value of rival goods gets subtracted upon use; their subtractability is positive. But there has been increasing indications that many information and digital goods are anti-rival in nature. Anti-rival goods gain value when used; their subtractability is negative. Therefore their economics is also fundamentally different from that of other goods. Most importantly, creating a market price — or, more precisely, open market valuation — for them requires, beyond open markets, additional regulative or technological constructions, such as IPR or DRM, in addition to the market mechanisms. We believe that this structural disparity is a root cause for the market failures in the digital goods and data markets, behind the advent of social media monopolies, poorly working or nonexistent markets for industrial data, and many existing data markets (such as municipal ones) reducing to effectively near-zero price. In ATARCA, we create cryptographically protected anti-rival tokens and test their applicability to governing industrial data markets and fostering cooperation in community driven currencies. If successful, this technology will not only help to properly organise the markets for data and other digital goods, but provide the structural fundamentals of a new type of economic growth. This will allow the societies at large to more widely explore structurally new incentives for systemic sustainability and scalable systemic intelligence.

Innnovation Radar's analysis of this innovation is based on data collected on 17/05/2022.
The unique id of this innovation in the European Commission's IT systems is: 106445