System and method for facilitating a data exchange amongst communication devices connected via one or more communication networks

A method for facilitating data exchange amongst communication devices connected via one or more communication networks, the method comprising:

• receiving, via a processor, a data from one or more IoT devices of the plurality of IoT devices, wherein the data is associated with a first user, and wherein the data is received using at least one communication protocol;
• processing, via the processor, the data in order to convert data into a normalized data, wherein the normalized data comprises data in various formats;
• extracting, via the processor, useful information from the normalized data;
• matching, via the processor, the useful information with a first set of rules defined by a second user to obtain matched data;
• generating, via the processor, one or more data products based on the matched data and a second set of rules defined by the first user;
• storing, via the processor, the data product into a product database of the memory;
• and
• sending, via the processor, one or more data products to the second user via a network.

A non-transitory computer readable medium storing program for facilitating data exchange amongst communication devices connected via one or more communication networks, the program comprising programmed instructions for:

• receiving a data from one or more IoT devices of the plurality of IoT devices, wherein the data is associated with a first user, and wherein the data is received using at least one communication protocol;
• processing the data in order to convert data into a normalized data, wherein the normalized data comprises data in various formats;
• extracting useful information from the normalized data;
• matching the useful information with a first set of rules defined by a second user to obtain matched data;
• generating one or more data products based on the matched data and a second set of rules defined by the first user;
• storing the data product into a product database of the memory;
• and
• sending the one or more data products to the second user via a network.