In a world of complex value networks and ecosystems, open standards are the only means of scalable interoperability. This is how the internet became to be and is the winning model of standardisation in the networked industry. We need to continue taking the best open standards into use and to leverage that model in terms of data. The IHAN testbed team has already started on the path towards benchmarking and testing the best open industry standards and initiatives for standardisation.

Open data standards can take us forward but reliable and trusted data sharing between companies and individuals requires more than that. That is where the capabilities of a data sharing nexus come into the picture. A data sharing nexus provides the means of discovering the standardised data and to associate standardised authentication and consent capabilities with the data iso that companies and individuals can control the use of their data. Only this will release the sharing the private data of individuals and the business critical data of companies to create unprecedented value.

Take the first steps towards creating new business from data. At the heart of the fair data economy is data sharing with other companies, which enables new kinds of innovative products and services. There are already tools available which can help you to get started when thinking of your own data sharing case.