As part of the project, KRAKEN consortium has involved external parties to share with them the approach, methodology and results of the entire project. In this second Project Advisory Board meeting have been involved experts in different topics: from blockchain perspective to self-sovereign identity; from legal and ethical issues to business vision.
The KRAKEN second Project Advisory Board meeting aimed to show the advisors the work done in the last months of the project and to collect feedback to better address the next steps in the different work packages and to discover possible areas of improvement. The meeting took place on November 4th, 2021 and was held online, during which the advisors had the chance to get in touch with all work package leaders and contributors.
The first part of the meeting was an introduction with an overview of the project and a brief explanation of KRAKEN's structure and updates on the project status. Then we presented our business approach, in terms of market analysis and business model; we continued with a technical presentation on SSI, and Crypto aspects, and some live demonstrations. In the third part of the session the discussion focused on the ethical and legal aspects, the two project pilots (Health and Education) and a brief presentation related to the future of the project and sustainability.
The general feedback on the progress of the project was very positive and really appreciated by the advisors. Advisors agreed on consortium’ choices, both on business and technical questions, and made some relevant suggestions to let the consortium better address the next choices and steps to take. Both pilots have been deemed appropriate and contemporary. In both health and education there are many opportunities to create value by exploiting data, the crucial element that must always be considered is to have reliable data for data consumers. In health market, one market segment to consider is the service to multi-center research projects. Another relevant consideration suggested by the advisors is to understand “Who benefits (most)?” as it helps to direct payment flows. Flexibility in processing these payment flows is a critical success factor. In light of the current developments in the “crypto market” it seems that crypto payments could be the future for achieving this flexibility, although cryptocurrencies volatility could be an issue.
Another aspect to consider is that cryptocurrencies could be too innovative. A relevant suggestion to highlight is that there are not only monetary compensations to consider in the reward system, but also transparent support for research or charity projects. The technical approach has been considered innovative and appropriate. SSI technology seems the logical choice to integrate into the solution set.
However, the visibility of blockchain data could be an issue for commercially sensible data: even if sensible data are not stored in the blockchain, the volume of transactions and the date of such transactions can be sensible and valuable information for competitors. Finally, for the next steps of the project, the consortium should consider the new eIDAS draft, eIDAS 2.0, and the evolution of GDPR assessment by data protection European institutions.