Distributed data ecosystem
Build a distributed data ecosystem to facilitate a circular economy
BUIDL with the Dutch Land & Building Registry (Kadaster). What if buildings have wallets? What will they HODL. How can we create an open distributed data ecosystem where all information on real objects is readily available for authorized persons and machines? Help make validated information transparent and accessible, and enable cities to deal better with the ongoing urbanization.
Winning Solution: VX Company
Accessible and up-to-date building information
Information regarding a single building is spread out between multiple actors, from the municipality, to the Land Registry (Kadaster), the building owner and more. This siloed information can be outdated, contradictory to information in another data silos and is not accessible for all relevant actors. This causes problems for the entire building industry and is a public hazard.
Society needs a distributed data ecosystem for all information regarding buildings, allowing for all information to be up to date, transparent and accessible.
The team’s solution is a permission layer, enabling the right parties and stakeholders to access, get and change data to any building, with no single party controlling or holding all the information.
VX Company built this permission protocol on top of a digital identity protocol in order to add an authority layer into the distributed data ecosystem, using the IOTA DLT.