The EU Commission initiates a solution for data-related issues of the future

The TRUSTS project enables European data markets based on the IDS architecture

Data sharing shapes the eco­no­mic and socie­tal future of Euro­pe and bears huge poten­ti­als. But it also comes with risks and appre­hen­si­ons. The EU pro­ject TRUSTS – Trus­ted Secu­re Data Sharing Space was estab­lis­hed to iden­ti­fy and over­co­me legal, ethi­cal, and tech­ni­cal chal­len­ges of cross-bor­der data mar­kets. The IDS archi­tec­tu­re ensu­res data sov­er­eig­n­ty for tho­se who pro­vi­de their data.

The TRUSTS Euro­pean Data Mar­ket will be based on the refe­rence archi­tec­tu­re desi­gned by the Inter­na­tio­nal Data Spaces (IDS) Asso­cia­ti­on. The IDS archi­tec­tu­re is con­si­de­red the de fac­to stan­dard for crea­ting and ope­ra­ting data eco­sys­tems. Its approach is to enab­le inter­ope­ra­bi­li­ty through seman­tic data descrip­ti­ons, to crea­te trust bet­ween par­ti­ci­pants through cer­ti­fied secu­ri­ty func­tions, and to estab­lish gover­nan­ce rules for data usa­ge and data flows. The IDS archi­tec­tu­re ensu­res data sov­er­eig­n­ty for tho­se who make data avail­ab­le in data eco­sys­tems.

“TRUSTS aims to ensu­re the sus­tainab­le busi­ness upt­a­ke of secu­re data mar­kets by enab­ling a ful­ly ope­ra­tio­nal and GDPR-com­pli­ant Euro­pean Data Mar­ket­place for per­so­nal and indus­tri­al data in the finan­ce and telecom sec­tors, while allowing the inte­gra­ti­on and adop­ti­on of future plat­forms.”

Alex­an­dra Garat­zo­gi­an­ni, TRUSTS Pro­ject Coor­di­na­tor (Leib­niz Uni­ver­si­ty of Han­no­ver) and Head of Know­ledge and Tech­no­lo­gy Trans­fer (TIB).

TRUSTS brings tog­e­ther tech­no­lo­gy pro­vi­ders that are deeply invol­ved in two major data mar­ket initia­ti­ves – Inter­na­tio­nal Data Spaces and Data Mar­ket Aus­tria – to crea­te a Euro­pean Data Mar­ket based on sov­er­eign, secu­re and trust­worthy data exch­an­ges.

Check out TRUSTS' Live Ses­si­on on Sep­tem­ber 29 "TRUSTS in the finan­cial indus­try – enab­ling data sov­er­eig­n­ty bey­ond exis­ting solu­ti­ons"

For infor­ma­ti­on & regis­tra­ti­on

This inte­gra­ti­on will be tes­ted in prac­ti­ce by six com­pa­nies, addres­sing three use cases in the finan­cial and telecom­mu­ni­ca­ti­ons sec­tor: Anti-Money Laun­de­ring Com­pli­an­ce, Agi­le Mar­ke­ting through Data Cor­re­la­ti­on, and Impro­ved Cus­to­mer Sup­port Ser­vices by Data Acqui­si­ti­on. The TRUSTS tech­no­lo­gy and use cases will be con­stant­ly accom­pa­nied by busi­ness con­si­de­ra­ti­ons, which will ensu­re that the results of the pro­ject are sus­tainab­le bey­ond its dura­ti­on.

For more infor­ma­ti­on visit: https://trusts-data.eu