Operational Aspects

The iSHARE Trust Framework defines a comprehensive set of operational procedures. It is designed to support the inclusion, removal, or adjustment of participants in a data space, as well as handling warnings, suspensions, exclusions, incidents, and releases. The Data Space Governance Body efficiently manages the admission of potential participants to the data spaces. Whereas the Scheme owner (currently, the iSHARE Foundation) assumes responsibility for the remaining operational procedures and onboarding of the Data Space Governance Body.

The primary objective of the admissions process is to enable the secure onboarding of potential participants into the data space/iSHARE Network. A well-structured admission process is crucial for building trust in the iSHARE Trust Framework. It ensures that all parties entering into an Accession Agreement meet the Framework’s accession criteria, thereby bolstering trust and reliability.

Adhering to these procedures allows organisations to streamline their operations and enhance security. It further contributes to a more collaborative and efficient data-sharing ecosystem.