fair data economy

The key differentiation between data unions and data cooperatives is in orientation. Data unions have an orientation towards external negotiation in an attempt to secure beneficial terms for shared data, while data cooperatives have an orientation towards governance, in that members together have governance, use, and benefit over shared data... See more

The debate around data governance is often muddled by the blurring of concepts like data commons , data trusts , and data unions with data cooperatives . While these models share commonalities, their distinctions need to be accurately delineated.

Regulatory sandboxes should be utilized to create safe spaces for experimenting with novel FDE business models and technologies. To further stimulate innovation, targeted incentive programs that support data cooperatives, trusts, and other innovative governance structures should be adopted

Entrepreneurs and investors need to clearly see the value creation opportunities of the FDE and understand how its various elements, including infrastructure, work together. This knowledge-building is the basis for entrepreneurship community-building activities and robust financial support.