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With the dawn of IoT in the digital age, more and more aspects of life are being digitalized. This creates enormous opportunities for broadly better living standards. All of this is based on the collection, processing, and evaluation of data to broaden insights and come closer to a full picture of reality which some may call truth. To reap the benefits the data collected and processed have to be vetted to an extent that negates the immense risks implied. The risk of having data that has been for nefarious or other reasons tampered with. The following paper will explore the underlying necessity of trusted data exchange in the context of digitalization illustrated by different economic use cases.