My car, my credit cards, my data?

Whether Face­book, Google or Twit­ter, they all receive milli­ons of data around the clock, which we leave to the Data Kraken free of charge. Their bene­fits lead to a conti­nuous impro­ve­ment of the algo­rithms with which their offers can be tail­o­red speci­fi­cally to the respec­tive users of the services. Each “data provi­der” thus contri­bu­tes to the growth and profi­ta­bi­lity of the big data compa­nies, which are beco­ming the data barons of modern times. Whether this is volun­t­ary or invol­un­t­ary is irrelevant.

Not to mention data transparency.

Although data protec­tion and data secu­rity have been further deve­lo­ped in Europe, compa­nies in parti­cu­lar have justi­fied reser­va­tions about the avai­la­bi­lity of their own data beyond the company. These are rest­ric­tions that not only hinder the deve­lo­p­ment of new busi­ness models or inno­va­tions, but can also bring with them a strong compe­ti­tive disad­van­tage. Nevert­hel­ess, there are now possi­bi­li­ties to answer the ques­ti­ons of data sove­reig­nty and data secu­rity satisfactorily.

The system refe­rence archi­tec­ture provi­ded by the Inter­na­tio­nal Data Spaces Asso­cia­tion (IDS) allows the exch­ange, purchase or sale of data in which the respec­tive data provi­der reta­ins full gover­nance. A fede­ral system, e.g. in a data market­place or in closed user groups, guaran­tees data protec­tion and secu­rity. As long as nothing else is orde­red, it remains the same: My data remains my data!