From a recently published publication in the Review of Financial Studies (“Valuing Financial Data”), we know that a fund with assets of $250M would be willing to pay the remarkable amount of $1.4M for the ability to perfectly forecast quarterly GDP growth in advance.
However, the owner of said information won’t be motivated to offer if it gets stolen in the process or if it can only be offered to only one party. Only with the Secure Spreadsheet, it’s possible to offer it to multiple parties with cryptographic guarantees and without eroding the secrecy of the information as described in our paper “The Valuation of Secrecy and the Privacy Multiplier”.
On one side, one party specifies the future value of the GDP growth:
On the other side, the other party inputs its estimated potential GDP growth:
Together, they securely compute to determine the future output gap.
DISCLAIMER
The preceding is just a simplified example for illustrative purposes. In the real world, you will have to change the concrete parameters and use more complex formulas.