Trusted Data Exchange
For that to happen two or more parties must agree on the exchange. With physical goods, it’s easy to make sure that everything is as agreed.
A trusted data exchange means that exchanging parties have a mechanism to create trust in the integrity of the other party and their contribution to the exchange so that uncertainty related risk is negated and thus business accelerated.
But how would you be able to create the same certainty with a non-tangible – digital asset? Who or what can make sure that the exchange can be trusted? What could facilitate such a trusted exchange of data?
Such questions are increasingly important to organizations and businesses across the globe as all industries are trending towards digitalization.
“We’ve moved from digital products and infrastructure to digital distribution and Web strategy to now into more holistic transformations that clearly are based on mobile, social media, digitization and the power of analytics and we think it’s really a new era requiring new strategies.” – Saul Berman | IBM