How to Define Value on Data under Blockchain Driven Open Data System for E-Government

Many interesting news and activities are going on in the field of blockchain (sometimes called, Distributed Ledger Technology) related technologies like cryptocurrency, Initial Coin Offering (ICO), Internet of Things (IoT), Big Data, Artificial Intelligence (AI, mostly Deep Learning). Not only developing countries but also developed countries need to be concerned about applying blockchain technology to their e-government system. Blockchain technology has brought a very deep innovation over conventional Client Server Trusted Third Party intermediary system to pure peer-to-peer (P2P) based smart contract system. This smart contract based peer-to-peer system allow participants to share data which was not possible under Client Server Trusted Third Party system due to architectural monopoly nature of Client Server. Smart contract concept brought logical conditions to share data among participants but it does not provide any definition about data value. This peer-to-peer based data sharing can be practically possible only under definition of value on data shared. If this definition is vague, then it will be very difficult to share data among participants. Also if this definition is clear, data sharing participants can get much benefit from this data sharing. This data sharing will be only effective from blockchain based architecture.