WeTech brings IDS to China

The Inter­na­tio­nal Data Spaces (IDS) Asso­cia­ti­on ori­gi­nal­ly star­ted as a Ger­man initia­ti­ve and has expan­ded over the last four years to cover the who­le of Euro­pe and bey­ond. The new IDSA mem­ber WeTech Hol­ding from Hong Kong is now taking IDS in Chi­na to help Chi­ne­se com­pa­nies bene­fit from the IDS stan­dard for sov­er­eign and secu­re data sharing.

“IDS is not just a tech­no­lo­gy; it is the result of Euro­pean indus­tri­al civi­liz­a­ti­on deve­lo­ped to a hig­her sta­ge”, says Ani­ta Dong, Gene­ral Mana­ger of WeTech Hol­ding. “The wide app­li­ca­ti­on of the IDS refe­rence archi­tec­tu­re in various fiel­ds pro­vi­de a secu­ri­ty gua­ran­tee of a sus­tainab­le, regu­lar and direct com­mu­ni­ca­ti­on among peop­le and enter­pri­ses, even machi­nes in dif­fe­rent coun­tries, with dif­fe­rent lan­guage envi­ron­ments and dif­fe­rent cul­tu­ral back­grounds, thus acce­le­ra­ting the inte­gra­ti­on of the world eco­no­my.”

WeTech will pro­mo­te the con­cept and app­li­ca­ti­on of IDS in Chi­na to estab­lish data sharing eco­sys­tems and help Chi­ne­se com­pa­nies to unlock addi­tio­nal value from data sharing. The IDS stan­dard gua­ran­tees data secu­ri­ty and data pro­tec­tion for all par­ties invol­ved, estab­lis­hes mutu­al trust among them, ensu­res a level play­ing field by means of a joint­ly deve­lo­ped and com­mon­ly accep­ted design, and enfor­ces data sov­er­eig­n­ty for data owners. It enab­les tra­ding data based on ethi­cal princi­ples and com­mon Euro­pean values.

“We are very exci­ted to wel­co­me WeTech to the Asso­cia­ti­on. They bring exper­ti­se in data tech­no­lo­gy and insights of dif­fe­rent indus­try sec­tors that are vital to our future ope­ra­ti­ons in Chi­na”, says Sebas­ti­an Stein­buss, CTO of IDSA.

WeTech gathers experts from the data tech­no­lo­gy indus­try. The team has rich expe­ri­ence in soft­ware deve­lo­p­ment, digi­tal data manage­ment, data tech­no­lo­gy deve­lo­p­ment and data imple­men­ta­ti­on. They will sup­port the Chi­ne­se mar­ket with in-depth know­ledge on IDS and the con­cept of data sov­er­eig­n­ty.