Analyses | Innovation and technology development | 2019-07-11 | HKET

Using data trusts to facilitate the sharing of ‘the new oil’ - data



Vast amounts of personal data are held by numerous organisations. This sea of data has been described by some as “the new oil”, in which their true value can be extracted if they can be shared with other organisations. However, this idea also raises concern that the data will fall into the wrong hands. In order to encourage people to share their data with confidence, some people have suggested the concept of ‘data trusts’ in recent years…

The full version of the commentary is in Chinese only.