An EU grant of €2.75m has been awarded to the Consortium (Aalto, Demos, Streamr, Novact, Qbit) for the ATARCA (atarca.eu) Project. This Horizon 2020 FET Open Project looks towards developing a radically new data economy.

A new economic category for abundant goods — anti-rival goods that increase in value when shared — forms the basis of research. Current data markets are built on centuries old structures of exchange, in which a scarce rival good, such as oil, is traded for its financial equivalent, money.

With a newly received EU Horizon 2020 FET Open award, the ATARCA (Accounting Technologies for Anti-Rival Coordination and Allocation) consortium investigates new economic structures that would alleviate the economic inefficiency caused by artificially limiting the supply of digital goods.

For more information, contact Ville Eloranta (ville.eloranta@aalto.fi).