Trust Framework Participants

Within Trust Frameworks, each participant plays a specific role, whether it's to accredit participants, share data, or utilize the shared information. While the types of trust frameworks may vary, the core structure of participant roles remains largely consistent. This setup is crucial for the effective operation of trust frameworks, allowing them to facilitate data exchange in various sectors, such as finance and healthcare, in a secure and reliable manner.

The trust framework administrator, also referred to as owner or a governing authority, is the organization responsible for the framework's creation and management. This entity could range from a government body establishing an Open Finance ecosystem to a corporation forming a secure data-sharing network for its affiliates. The administrator's duties include maintaining an up-to-date Centralized Directory of accredited entities and serving as a central authority for identity verification within the framework. Additionally, the administrator oversees the Public Key Infrastructure (PKI), defining the standards essential for issuing digital certificates to participants or revoking certificates.

Data Providers, or data holders, supply data securely and responsibly within the framework. These providers can be diverse, such as banks sharing customer financial data with fintech apps or telecommunications companies distributing user information to partners. Participating as a data provider offers several advantages, such as new revenue streams from existing data, streamlined partner integration, and enhanced data security. These benefits collectively foster better partnerships and improve user experiences while safeguarding sensitive information.

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Data Receivers, also known as Data Recipients or Third-Party Providers (TPPs), obtain and utilize data from other entities to develop or refine products and services. Involvement in a trust framework enables these receivers to integrate and connect with data providers efficiently, adhering to the framework's standards for secure and reliable data exchange. This participation facilitates access to vital services like identity and access management, aiding in the verification of data authenticity.

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In the context of trust frameworks, users encompass various stakeholders, from business administrators, domain users, and more.

Technical users are the personnel from the Trust Framework Administrator, Data Providers, and Data Receivers who manage their organization's resources on the centralized directory

End users, or customers, are individuals who use data receiver applications and are customers of data providers. They provide consent for data sharing. The existance of the trust framework is transparent for them. Essentially, these personas represent the same person, such as a bank customer using a fintech application to grant access to their financial data

In trust frameworks, machines such as backend services communicate directly to perform tasks without human intervention. For instance, an application might automatically retrieve insurance offers from a data provider's system. Here, one machine (the application) sends a request to another machine (the data provider's system) to fetch the latest insurance offers. Once the data is received, the application processes this information and displays the insurance offers to the user. This interaction showcases how machines operate within a trust framework, executing predefined processes to facilitate data exchange and service delivery efficiently.