"TRUSTS" enables European data markets based on the IDS architecture

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

Trusts - Trusted Secure Data Sharing Space
(PresseBox) ( Dortmund / Hannover, )
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”, says 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.

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.

Learn more about TRUSTS in its live session on September 29, 11 a.m.: https://attendee.gotowebinar.com/...

For the press release on the IDSA webpage: https://www.internationaldataspaces.org/...

For the TRUSTS webpage: https://www.trusts-data.eu/
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