Data trust network (Glossary)

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The term data trust network is particularly at home in the areas of digital transformation, cybersecurity and big data & smart data. A data trust network describes a digital network in which different companies or organisations can securely share data with each other without losing control or trust over their own data. The aim is to ensure that sensitive information remains protected and does not fall into the wrong hands.

Data trust networks help to establish rules and standards for sharing information. For example, a hospital can securely share its patient data with another clinic in order to improve treatment without the data ending up freely on the internet or being misused. Access to data is only granted to authorised partners and always remains traceable.

A practical example: several banks work together in a data trust network to recognise fraud attempts more quickly - without having to fully disclose their customer data. Each institution knows what happens to the data and can be sure that sensitive information is protected. Such data trust networks are therefore an important building block for greater security and efficiency in the digital world.

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