Dataswyft
| Dataswyft | |
|---|---|
 | |
| NIST Sector | Cybersecurity and Privacy Data |
| GICS Industrial | Software & Services |
| 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
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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 together with the HAT Community Foundation (HCF), with independent board members, serving 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 owned by server owners. Contracts are pre-set up under a governance framework. The wrapping of technical, legal and governance services is Dataswift’s personal data management infrastructure platform 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
As part of the research project guidance 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.
The Governance and Business Model of Dataswift, was informed by the following grants:
1. British Academy-SAMS Small Research Grant: Smart City and Smart Citizens: New Business and Economic Models of Urban Living, EP/L023911/1, £10k 2. Control and Trust as Moderating Mechanisms in addressing Vulnerability for the Design of Business and Economic Models (ConTriVE), EP/N028422/1 (Grant amount=£1m)
The Economic Model of the Data ecosystem was informed by the following grants:
1. ACCEPT: Addressing Cybersecurity and Cybercrime via a co-Evolutionary aPproach to reducing human-relaTed risks, EP/P011896/1 (Grant amount=£1m) 2. RCUK Dynamic, Real Time, On-Demand Personalisation for Scaling (DROPS)