To tackle economic, environmental and societal challenges, public and private organizations, large corporations and SMBs are taking full advantage of the explosion of data, and are increasingly distributing, accessing and sharing data within emerging data ecosystems. Data transactions are expected to grow exponentially in the coming years, requiring clear frameworks to organize, simplify, and secure the exchange of data, in compliance with regulatory requirements. Trust is a cornerstone of data exchange as it cements the relationship and drives collaboration between all parties involved in the data transactions.
To better understand the scope and implications of the expression of “Trusted Data Transaction” and anticipate future associated standardization requirements, a European Committee for Standardization (CEN) workshop program is being kicked off. Among its objectives are to develop terminologies, concepts, and mechanisms for common elements, starting with the groundwork on trust anchors, in order to form a foundational understanding on which trusted data transactions can be based, independent of any architectural choices or technical implementation.
Organizations interested in joining the program can express their interest by registering here, while CEN officializes the meeting schedule and kickoff time frame.
“The agreement to co-propose a European Committee for Standardization workshop program on Trusted Data Transaction, initiated by Dawex, Fraunhofer ISST and TNO, is a critical milestone to align stakeholders behind a common normative baseline that will help accelerate data exchanges across organizations, industries and geographies,” says Fabrice Tocco, Dawex co-CEO. “As other organizations join the initiative, the outcomes resulting from the collective work will serve all the use cases where stakeholders need to establish trust for the purpose of data exchange and interconnection of data spaces.”
“We are looking forward to actively engaging as co-proposer in the Trusted Data Transaction pre-standardization program, initiated by Fraunhofer ISST, Dawex and TNO. This structuring program will provide guiding principles to organizations looking at building strong data spaces in a trustworthy data economy,” said Prof. Dr.-Ing. Boris Otto, Chairman of the Fraunhofer ICT Group and Executive Director of the Fraunhofer Institute for Software and Systems Engineering ISST.
Berry Vetjens, Managing Director a.i. ICT, Strategy and Policy at TNO, added: “The Trusted Data Transaction pre-standardization workshop program will be useful to support the development of standards and contribute to the activities of European initiatives such as the Data Space Support Center by proposing a common ground to refer to.”
About Dawex
In today’s economy where data has become a product of unlimited potential, with its own value, and a source of new revenue streams, Dawex technology allows organizations to create new ecosystems around data exchange platforms that meet regulatory requirements and address traceability and security challenges. Dawex is the leading technology company for data exchange, data marketplace and data hub to orchestrate the sourcing, the distribution and the exchange of data. Awarded Technology Pioneer by the World Economic Forum in 2020, Dawex is an active member of Gaia-X. Created in 2015, Dawex is headquartered in France, expanding business operations to Europe, Asia, North America and the Middle East.
About Fraunhofer
The Fraunhofer-Gesellschaft based in Germany is the world’s leading applied research organization. Prioritizing key future-relevant technologies and commercializing its findings in business and industry, it plays a major role in the innovation process. A trailblazer and trendsetter in innovative developments and research excellence, it is helping shape our society and our future. Founded in 1949, the Fraunhofer-Gesellschaft currently operates 76 institutes and research units throughout Germany. Over 30,000 employees, predominantly scientists and engineers, work with an annual research budget of €2.9 billion. Fraunhofer generates €2.5 billion of this from contract research.
About TNO
TNO is the independent organization for applied research, based in The Netherlands. We connect people and knowledge to create innovations that sustainably strengthen the competitiveness of companies and the well-being of society. Our goal is to connect, change and accelerate: Innovation for life.