Trusted Data Space for Creating Value from Data in a Chain Reaction Manner

Abstract

The Smart World holds the possibility of maximizing the value of data throughout society by enabling diverse organizations to bring each other data for analysis and create data for new purposes in a chain reaction manner beyond the walls of companies and industries. In reality, however, the use of data among organizations goes no further than the provision of limited data to limited parties, which prevents a value chain from being achieved. This article introduces a new mechanism for data sharing called "trusted data space" as an initiative to solve this problem and describes key technologies for making it a reality.