The aim of the Rights Automation for Market Data Community Group is to develop and publish a market-data profile for ODRL. Market data is mostly the pricing and trading data for financial instruments (and their associated indices) generated by trading venues. The licenses controlling its use are frequently complex, and tightly segment the underlying data. We will model these licenses using ODRL and extend the language with a Profile that defines the new terms required. With a standard, machine-readable way of describing market data licenses, we can look towards automating rights-management along the market data supply chain and drive efficiencies in financial markets. The group welcomes the involvement of domain experts in licensing (especially market data) and those skilled in modeling licenses (especially using ODRL).
Dear ODRL CG, I am pleased to announce three new Co-Chairs for our community group and their focus areas:
– Michael Steidl: Profiles
– Víctor Rodríguez-Doncel: Developer Community
– David Filip: Industry Outreach
I will continue as the General Co-Chair and W3C Liaison.
The W3C Permissions & Obligations Expression (POE) Working Group has published the First Public Working Drafts for the ODRL Information Model and the ODRL Vocabulary & Expression. These FPWDs provide a flexible and interoperable information model, vocabulary, and encoding mechanisms for describing statements about digital content usage. The deliverables are based on the previous reports created by the W3C ODRL Community Group and form the baseline for future enhancements by the POE WG.
In addition, the POE WG has published the Use Case and Requirements Note. These Use Cases will be reviewed and analyzed further into detailed requirements. The POE WG is calling for wider community feedback and contributions to the set of Use Cases to further enhance and improve the ODRL permissions and obligations expression language.
The ODRL Linked Data profile provides the vocabulary enabling the description of data licenses that may be applied to Linked Data resources (such as RDF documents, RDF statements, OWL ontologies, etc.) and the description of policies governing access conditions to Linked Data.