Discover great EU-funded Innovations
Deep Tech INNOVATION
Adaptive Anti-Money Laundering (AML) Transaction Processing
SHARE:
Market Maturity: Market Ready
These are innovations that are outperforming in innovation management and innovation readiness, and are considered to be "Ready for the market". Learn more
Market Creation Potential
This innovation was assessed by the JRC’s Market Creation Potential indicator framework as addressing the needs of existing markets and existing customers. Learn more
Women-led innovation
A woman had a leadership role in developing this innovation in at least one of the Key Innovator organisations listed below.
Go to Market needs
Needs that, if addressed, can increase the chances this innovation gets to (or closer to) the market incude:
  • Prepare for Market entry
  • Secure capital
  • Scale-up market opportunities
Location of Key Innovators developing this innovation
Key Innovators
UN Sustainable Development Goals(SDG)
This innovation contributes to the following SDG(s)
SUSTAINABLE DEVELOPMENT GOAL 8
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

The UN explains: "Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty."

SUSTAINABLE DEVELOPMENT GOAL 9
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

The UN explains: "Investments in infrastructure – transport, irrigation, energy and information and communication technology – are crucial to achieving sustainable development and empowering communities in many countries. It has long been recognized that growth in productivity and incomes, and improvements in health and education outcomes require investment in infrastructure."

SUSTAINABLE DEVELOPMENT GOAL 10
Reduce inequality within and among countries

The UN explains: "The international community has made significant strides towards lifting people out of poverty. The most vulnerable nations – the least developed countries, the landlocked developing countries and the small island developing states – continue to make inroads into poverty reduction. However, inequality still persists and large disparities remain in access to health and education services and other assets."

The EU-funded Research Project
This innovation was developed under the Horizon 2020 project TRUSTS with an end date of 31/12/2022
  • Read more about this project on CORDIS
Description of Project TRUSTS
The lack of trusted and secure platforms and privacy-aware analytics methods for secure sharing of personal data and proprietary/commercial/industrial data hampers the creation of a data market and data economy by limiting data sharing mostly to open data. This trend will continue if different technical standards, quality levels, and legal aspects are allowed to diverge uncontrollably. TRUSTS will ensure trust in the concept of data markets as a whole via its focus on developing a platform based on the experience of two large national projects, while allowing the integration and adoption of future platforms. The TRUSTS platform will act independently and as a platform federator, while investigating the legal and ethical aspects that apply on the entire data valorification chain, from data providers to consumers, i.e. it will (a) Set up a fully operational and GDPR-compliant European Data Marketplace for personal related data and non-personal related data targeting both personal and industrial use by leveraging existing data marketplaces (International Data Space and Data Market Austria) and enriching them with new functionalities and services. (b) Demonstrate and realise the potential of the TRUSTS Platform in 3 use cases targeting the industry sectors of corporate business data, specifically in the financial and telecom operator industries while ensuring it is supported by a viable, compliant and impactful governance, legal and business model. To create a European Data Market based on secure and trustworthy data exchanges, the TRUSTS consortium brings together technology providers that are already deeply involved in major national data market projects. This integration will be tested in practice by 6 companies, including 2 data providers, addressing 3 different use-cases. The TRUSTS technology and use-cases will be accompanied by business and legal and ethical considerations, which will ensure that the results of the project are sustainable beyond its duration

Innnovation Radar's analysis of this innovation is based on data collected on 21/02/2023.
The unique id of this innovation in the European Commission's IT systems is: 102823