Data Spaces are the solution to accelerate the data economy and enable data sharing. They provide a decentralized, standardized and trusted architecture for data-based use cases. Data Spaces enable interoperability which allows communication between participants and rapid scalability of use cases. Data can be easily shared between different IT landscapes of these participants while defining how or when their data can be used. Sovereign data sharing allows innovation, new digital products or services, improved collaboration and higher transparency.
As a Data Space Authority, you retain full control over your Data Space. You define general rules (e.g., business model, fees, participants, purpose), compliance topics (e.g., local regulations, transparency, cybersecurity) as well as the tech landscape (e.g., components, control mechanisms, visibility of participants).