Data trusts have commercial potential and benefit society

09/03/2021 | Pinsent Masons

A working group looking into responsible data stewardship believes that the use of data governance tools could result in significant economic, social and environmental gains. A new report examines how the use of legal data trusts and data cooperatives, along with other corporate and contractual mechanisms, could establish trustworthy data-sharing initiatives. Sarah Cameron of Pinsent Masons, said: "Facilitating responsible data stewardship initiatives between organisations has the potential to unlock significant value for the economy, society and the environment. This is a key focus area of the EU's Data Strategy and its plan for international data spaces and the current Data Governance Act proposals."

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Data Trust, data stewardship, trustworthy data sharing, vault

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