Abstract
Data marketplace are rapidly gaining traction as critical components of the modern data economy. However, traditional centralized marketplaces suffer from inherent challenges such as data leakage, lack of user control and single points of failure. To address these limitations, we propose Versatile Peer Network (VePran) – a decentralized data market place built on the Web3 suite of technologies. VePraN is designed to be modular, scalable and aligned with open standards, ensuring broad interoperability and future extensibility. Leveraging the InterPlanetary File System for persistent storage and blockchain for identity and ownership management, the platform offers a robust infrastructure that enhances data security and provenance. Unlike existing buyer centric solutions, VePraN adopts a seller oriented approach, empowering data owners with greater autonomy, fair exchange and control over their data assets. In addition to enabling secure data exchange, the platform facilitates the trading of machine learning models, expanding its utility in AI driven ecosystems. Verification mechanisms such as Merkle roots and Non- Fungible Tokens are employed to ensure data integrity and authenticity. This paper presents the architecture and implementation of VePraN as a foundational step toward a more equitable and resilient data exchange system.
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VePraN: A Secure and Verifiable Decentralized Data Marketplace | Authorea try { document.documentElement.classList.add('js'); } catch (e) { } var _gaq = _gaq || []; _gaq.push(['_setAccount', 'G-8VDV14Y67G']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); Skip to main content Preprints Collections Wiley Open Research IET Open Research Ecological Society of Japan All Collections About About Authorea FAQs Contact Us Quick Search anywhere Search for preprint articles, keywords, etc. Search Search ADVANCED SEARCH SCROLL This is a preprint and has not been peer reviewed. Data may be preliminary. 30 July 2025 V1 Latest version Share on VePraN: A Secure and Verifiable Decentralized Data Marketplace Authors : Venkata Raghava Kurada 0009-0005-3893-1411 [email protected] , Shirdeesh Budharam , and Pallav Kumar Baruah Authors Info & Affiliations https://doi.org/10.22541/au.175385171.15473219/v1 222 views 177 downloads Contents Abstract Supplementary Material Information & Authors Metrics & Citations View Options References Figures Tables Media Share Abstract Data marketplace are rapidly gaining traction as critical components of the modern data economy. However, traditional centralized marketplaces suffer from inherent challenges such as data leakage, lack of user control and single points of failure. To address these limitations, we propose Versatile Peer Network (VePran) – a decentralized data market place built on the Web3 suite of technologies. VePraN is designed to be modular, scalable and aligned with open standards, ensuring broad interoperability and future extensibility. Leveraging the InterPlanetary File System for persistent storage and blockchain for identity and ownership management, the platform offers a robust infrastructure that enhances data security and provenance. Unlike existing buyer centric solutions, VePraN adopts a seller oriented approach, empowering data owners with greater autonomy, fair exchange and control over their data assets. In addition to enabling secure data exchange, the platform facilitates the trading of machine learning models, expanding its utility in AI driven ecosystems. Verification mechanisms such as Merkle roots and Non- Fungible Tokens are employed to ensure data integrity and authenticity. This paper presents the architecture and implementation of VePraN as a foundational step toward a more equitable and resilient data exchange system. Supplementary Material File (vepran_privacyandsecurity.pdf) Download 933.80 KB Information & Authors Information Version history V1 Version 1 30 July 2025 Copyright This work is licensed under a Non Exclusive No Reuse License. Keywords information security privacy privacy by design privacy management and processes security by design Authors Affiliations Venkata Raghava Kurada 0009-0005-3893-1411 [email protected] Sri Sathya Sai Institute of Higher Learning Department of Mathematics and Computer Science View all articles by this author Shirdeesh Budharam Sri Sathya Sai Institute of Higher Learning Department of Mathematics and Computer Science View all articles by this author Pallav Kumar Baruah Sri Sathya Sai Institute of Higher Learning Department of Mathematics and Computer Science View all articles by this author Metrics & Citations Metrics Article Usage 222 views 177 downloads .FvxKWukQNSOunydq8rnd { width: 100px; } Citations Download citation Venkata Raghava Kurada, Shirdeesh Budharam, Pallav Kumar Baruah. VePraN: A Secure and Verifiable Decentralized Data Marketplace. Authorea . 30 July 2025. 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