Why is trust a crucial component in data sharing?

Trust is a fundamental factor in data sharing, as it establishes the organisational foundation to exchange data with confidence. It ensures that data sharing is done securely and confidentially, even after it's handed over to other parties. This entails implementing adequate data protection measures, such as encryption and access controls, to safeguard the privacy and security of the data. It minimises the risk of unauthorised access, loss, or theft, which fosters collaboration and innovation. When parties have mutual trust, they are more inclined to openly share data and collaborate on developing new insights and solutions.

Why do we need building blocks for Data spaces?

Building Blocks are elements essential for designing a data space and promoting its sustainability and growth. Below, you will find the modified 12-block model from the OpenDEI.eu model specifically for the i4Trust program.

These Building Blocks are tailored to meet the specific requirements of different use cases, such as smart cities, fintech, industrial IoT, or healthcare. In general, they serve the following purposes:

  • Data Interoperability: These building blocks facilitate efficient data exchange among participants, enabling a complete separation between data providers and consumers.

  • Data Sovereignty and Trust: These building blocks provide technical assets that ensure participants in a data space can trust each other and exercise sovereignty over the data they share

  • Data value creation: These building blocks support the creation of multi-sided markets where participants can generate value out of sharing data (i.e., creating data value chains).

  • Data Space Governance: These building blocks consist of a set of agreements and practices that ensure proper management, sharing, and appropriate use of data within the data space.

Is the iSHARE Trust Framework a building block?

The iSHARE Trust Framework provides several building blocks for data sharing. This enables secure and standardised data sharing by incorporating agreements and technical specifications for identity and access management. These building blocks can be integrated with other building blocks of data spaces to establish a comprehensive and secure data-sharing environment that aligns with an organisation’s unique needs and requirements.

How is the Participant Registry (Satellite) in the iSHARE network unique?

The Hyperledger based Participant Registry (satellite) is the Trust Anchor and within a data space plays a crucial role in ensuring trust and compliance. It is responsible for evaluating whether parties adhere to the data space agreements. In a data space, the Data Space Authority maintains the Participant Registry of data space participants. Each participant in the data space is linked to the Data Space Authority through the Participant Registry. They can verify in the Participant Registry whether other parties in the data space are trusted and compliant.

When a participant seeks admission to the data space, the Data Space Authority verifies their compliance with technical standards, their verified identity, and their signed contract. This onboarding process establishes a user-friendly approach to data sharing while upholding security measures. Certified parties, due to their role in the iSHARE network, undergo a more stringent evaluation process. The Trust Framework also provides an assessment framework to ensure that certified parties meet the specific requirements associated with their role.

To learn more about the Participant Registry and its primary use cases within the iSHARE Trust Framework, continue reading here.

Last updated


Copyright © 2024 iSHARE Foundation