During the modern times, innovators and researchers developed a key technology known as Artificial Intelligence (AI) Marketplace which leverages the power of AI to efficiently utilize the data generated by millions of devices to create new and better services and software products. H2020 Bonseyes is one such project that provides us a collaborative cloud based model of the AI marketplace for the users who generally don’t have access to large data sets, algorithms etc by allowing them to collaborate which each other and exchange the software artifacts. Collaboration leads to issues related to authentication and authorization which are addressed by Public Key In- frastructure(PKI).The main component of the PKI is the Certificate Authority which acts a anchor of trust, whose architecture is designed to be centralized. Centralized architecture is prone to many attacks and also failures which makes it vulnerable and weak.The adverse effects of the CA based PKI can be avoided by implementing a distributed PKI.This thesis focuses on a hybrid methodology consisting of Qualitative and Quanti- tative analysis by performing a literature review for accumulating knowledge from the Ocean Protocol which is a decentralized AI marketplace.The thesis aims to design and implement the framework used in the ocean protocol and evaluate its performance.The thesis also aims to develop a reference framework to be compatible with the Bonseyes Project. Moreover, our research also provides the reader with the concepts and technologies used in other implementations of distributed PKI.