What is a Data Trust?
A Trust in the traditional sense of the word is a three-party relationship where an asset / value is transferred from a Grantor to a Beneficiary through a Trustee.
A Data Trust takes this concept further and establishes a technology framework that enables control and sovereignty of data assets between trusted data partners.
Why use a Data Trust?
You may have heard the statement Data is the New Oil, but there is a huge problem with treating data as a natural resource, particularly if we blindly accept that tech giants are the rightful owners.
We believe that data should belong to and be governed by those who create it. In establishing the trust in how our data is collected, maintained, shared and used - we place the value of data in the hands of the many instead of the few.
Who is a Data Trust for?
We have specialised in customised AI software solutions that address real world problems since our inception. The culmination of this work has led us to be uniquely positioned to address the market need for Data Sovereignty.
A Data Trust is for any organization or enterprise that would like to share their data without sacrificing their ability to retain data ownership or benefit from related monetary gains.
SID is the only secure data-exchange network and smart contract system that puts you in complete control of your data and gives you the means to monetize it.
Retain 100% ownership & control
SID lets you own, control, trade and drive value from your data. It enables your customers and stakeholders to assert their legal rights.
Eliminate privacy conflicts
SID eliminates the conflict between privacy and sharing through the use of algorithms and policy constructs so that data is fully opaque and computable at the same time.
Generate new forms of revenue
SID ensures you are a trusted organization which helps you to engage more with your customers, double revenues, and create new personalized markets.
Keep your data ‘in place’
SID promotes a secure consortium for AI learning and prediction by supporting the sharing of intelligence and data without revealing any personal information. The creation and use of synthetic data-sets supports cases where data must remain “in place.”
Break down those data silos
Ideal for governments and researchers, SID enables networks to broadly share access to data for research and to solve complex problems that require data silos to be broken down - all within a set standard of policy guidelines - that you establish.
Establish a trading platform
SID provides a trading platform to receive remuneration for your data including block-chain, crypto-currency and more.
Data management capabilities
A CENTRALIZED PLATFORM
On-board data partners with a centralized platform that provides full audit and compliance management.
Define granular permissions and data rights management policies for each data partnership.
Enable control and ownership of data by partners, as determined by the policies you have created.
Provide full transparency on how data is shared and used by others in the trust.
MONITOR, TRACE, AUDIT AND COMPLY
Monitor, trace, audit data asset exchange and AI activity while ensuring (GDPR) compliance.
Data ecosystem intelligence capabilities
REAL TIME CONNECTION TO ANY DATA SOURCE
Structured or Unstructured
Data-store Application Development options include: Mobile App Developer SDK and Enterprise App SDK.
COLLABORATE AND SHARE INTELLIGENCE ACROSS BUSINESS UNITS
CRM, ERP, PPM, HRM, Payroll, Partners and Customers
Optimize internal practices, workforce management and improve interactions between trustees, producers and customers.
COLLABORATE AND SHARE INTELLIGENCE ACROSS ORGANIZATIONS
Government Agencies / Departments, International Partners, Academics and Researchers
SID allows data partners to create their own data sharing domains via Data Providing Partner APIs and Academic and Research Consumer APIs.
RECEIVE REMUNERATION VIA SECURE TRANSACTIONS
Powered by tokens and Smart Contracts
Remuneration is powered by tokens on the private domain Distributed Ledger Technology. Transactions between data partners would be governed by Smart Contracts.
ACCESS ANALYTICS VIA STANDARD WEB INTERFACE
AI and analytics tools with easy access to data
Data visualization tools and reports, and BI visualizations can be produced using data from partners and collaborators to pair with internal data. – all through a standardized web interface. All in a easy, secure and policy controlled manner.
Data anonymization lets you ‘leave your data in place’
SID enables data partners to leave their data in place while clearing roadblocks surrounding data privacy. Partners can transform data, leave data in its original format, or toggle between different data formats – even tailor it to your industry or organization.
APPLICATION USE CASES
Data Trust applications
Data collection for Healthcare / Pharma / Therapeutic development
Authenticity of data collected in food supply chains
Privacy assured public data collection for transit or insurance fraud
Consortia building shared data assets for licensing to data consumers
Ready to use your data rights?
See what SID can do for you.