Data Trusts

Data trusts are legal arrangements designed to manage and protect people's personal data. Imagine a trust for money or property, but instead, it's about data. A data trust allows individuals to share their information with organizations while ensuring that it's used responsibly and ethically. It includes governance rules that define how the data can be shared, who can access it, and for what purposes. This way, individuals maintain some control over their data, while organizations benefit from insights derived from it, fostering a balance between privacy and innovation.