System and method for complaint and reputation management in a multi-party data market

摘要

A method and system is provided for managing complaint and reputation in a multi-party data marketplace. The system is managed by an independent external entity to monitor the data transactions in an unbiased manner. The system considers the data as commodity or resource, which is perishable and whose worth might decay with time. The system defines new parameters for reputation and liability calculation (based on complaints), for example, consideration of peer and trust network, history of peering and transaction, automatic decay of reputation and liability in case of inactive participants. According to another embodiment, the disclosure also handles any kind of collusion between external or internal entities/parties/participants. Whereas in another embodiment the disclosure also identifies and restrict influencers in a multi-party data marketplace.