From Data Silos to Data Sovereignty: Building a Decentralized Data Ecosystem for Society 5.0

Abstract

The exponential growth of data in the digital age has created a landscape dominated by data silos – vast repositories controlled by corporations and institutions. This centralized control raises concerns about privacy violations, manipulation, and a lack of individual agency over personal data. Society 5.0, with its emphasis on human-cantered integration of technology, presents a unique opportunity to transition from data as a corporate asset to a tool for individual empowerment. This necessitates the development of a decentralized data ecosystem, where individuals have control and ownership of their data. This abstract explores the challenges of data silos, the potential of next-generation data science and block-chain technology, and the key considerations for building a human-centric data ecosystem in Society 5.0.