Dataswyft

Dataswyft
NIST Sector	Cybersecurity and Privacy Data
GICS Industrial	Software & Services
Smart Tag(s)
Business type	"Limited Liability Company" is not in the list (Sole proprietorship, Partnership, Nonprofit, Other, Federal Government, State Government, Local Government, Public, Employee Owned, Private, ...) of allowed values for the "Has biztype" property.
Year Founded	October 2015
Founder(s)	Irene Ng Paul Tasker
City, State	Cambridge, England
Country	United Kingdom
Region Served	Worldwide
Executives	Irene Ng Paul Tasker Ben Forbes Tyler Weir Jason Shong Philip Midcalf
Revenue
Number of employees	15
Sponsorship Level	Of Interest

Members

Operator of a data server infrastructure platform that decentralizes the legal ownership of data to individuals and businesses, enabling the mitigation of complexity and risks in data handling, enabling value from data portability and improving interactions and coordination between individuals and organizations for the benefit of everyone in society.

Activities

		Citizen App
		Citizen App, the first of its kind, empower individuals to claim and legally own their data from across multiple sources, then use it securely and seamlessly in everyday life.

		Mobelizing Data to Create Data Markets
		The boundary between the physical and the digital has disappeared. Our health, our finances, our shopping, our things - they are now fully digitized and exist in the form of data. This webinar will discuss how this data can be mobelized to create markets. The presentation will discuss 2 case studies on the markets forming around finance and health data.

Details

The company was formed as a spin out company from the 6 U.K. Universities £1.2m UK Research funded Hub-of-All-Things (HAT) Project. It was formed alongside the HAT Community Foundation (HCF), whom, with independent board members, serve as the regulator of Dataswift.

The company is a tech-enabled economic solutions company that operates the infrastructure technology platform that provision data servers on demand, effectively decentralising the legal ownership of the data. This enable organisations to store the personal data they hold of their customers into a “Personal Data Account” (PDA) within the individual’s server; thus enabling (1) the individuals to have access and control of their own data for ethical, compliance and regulatory purposes, (2) the organisation to obtain value from not having to store the data and yet derive value from it (3) efficiently enabling their own customers to share that data with their partner organisations, and (4) enable the organisation to monetise their customer’s data legally via their customers own choice to share their data for their own benefit. The platform is a combination of a technical, legal and governance policy stack for approving contracts generated on demand between individuals and applications/websites of organisations under the regulatory oversight of the HAT Community Foundation.

The company also provide a full enterprise solution for organisation data servers with economic model and business model frameworks to design and execute an enterprise data strategy for creating value with data.

Products

Dataswift One. Dataswift deployed the open sourced HAT Microserver into the cloud and built the technical and legal services to enable the scalable provision of Personal Data Servers on demand, and to enable on-demand legal contracts to be set up for applications/websites access into specified namespaces of the databases (Personal Data Accounts) owned by server owners. Contracts are pre-set up under a governance framework before an Application can go live on the platform. The wrapping of technical, legal and governance services is a patented technology of Dataswift’s personal data management infrastructure called Dataswift One, enabling developers to integrate and offer Personal Data Accounts (PDAs). PDAs provide authentication, file storage, per-user databases, and serverless AI functions via API. Dataswift provide developers with infrastructure (compute, storage, database), APIs, and SDKs to easily build apps that are compliant with strict new privacy laws like GDPR and CCPA. Dataswift One also enables secure and legal transactions and sharing of sensitive personal data through the individual by being able to transform third and first party data to zero party data for licensing by individuals themselves.

Data Passports. The Data Passport system is a suite of technical services that builds on Dataswift One’s capability to share data within a network. Data Passport is integrated and issued by a consumer app for the app’s users. The Data Passport create Data Passes - a description of a bundle of data within a PDA that can attract offers from partners within a network. Should a user wishes to go to the merchant and accept their offer, the transaction would result in a licensing of the PDA data described on the Data Pass from the individual to the merchant.

Dataswift Prime. Dataswift One’s sister platform for Organisations with their own Organisation Data Servers. This platform is part of Dataswift’s Enterprise Solution with Economic and Business Model Frameworks for creating value with data.

Governance and Business Model

Dataswift One platform is out of scope of global data regulations due to individuals being the data controllers and processors of their own data. Hence, a governance and regulatory framework was put in place, guided by the original research project on how the ecosystem should be set up. The company is governed on 2 levels by HCF. At the corporate level, HCF owns a guardian share of Dataswift and sits on its board, to ensure directors perform their fiduciary duty to uphold Dataswift’s complementary social purpose “to operate for the public benefit, a digital exchange for the exchange of personal information including data processing, hosting and related activities”. At the operational level, HCF has oversight over the Dataswift One Platform through the Platform Management Committee that decides on any changes to various Platform policies, technical artefacts (e.g. APIs) and risk assessment of data contracts set up by Dataswift for Application owners. Dataswift cannot approve data contracts between Application owners and server owners if risks fall outside approved parameters set by the governance framework and the the approval of data contract (and hence the app) would have to be escalated to HCF. Where there is ambiguity in contracts, the HCF Ethics Board would have to be consulted.

The Governance and Business Model of Dataswift was informed by the following follow-on grants:

British Academy-SAMS Small Research Grant: Smart City and Smart Citizens: New Business and Economic Models of Urban Living, EP/L023911/1, (Grant Amount £10k), Control and Trust as Moderating Mechanisms in addressing Vulnerability for the Design of Business and Economic Models (ConTriVE), EP/N028422/1 (Grant amount=£1m), RCUK/EPSRC Research in the Wild: Smart Me versus Smart Things: The Development of a Personal Resource Planning (PRP) System through Human Interactions with Data Enabled by the IoT (Grant amount=£485k)

Economic Model

The data ecosystem designed and implemented by Dataswift is a combination of technical code and “institutional” code. The system architecture incorporates technical service oriented architecture, institutional rearrangement of prevailing property systems and the redesign of where the boundaries of economic data transactions are located.

The Economic Model of the Dataswift ecosystem was informed by the following follow-on grants:

ACCEPT: Addressing Cybersecurity and Cybercrime via a co-Evolutionary aPproach to reducing human-relaTed risks, EP/P011896/1 (Grant amount=£1m), RCUK Dynamic, Real Time, On-Demand Personalisation for Scaling (DROPS) EP/R033838/1 (Grant amount £1.1m), Alan Turing Institute Fellowship 2019-21 (grant amount £45k)