The Whole Earth
Accords for Data
Build
Trust
in Data ™
2024 - 2028
Redefining Data Ownership
for a New Era
The Whole Earth Accords for Data is a global initiative sponsored by IDR, designed to build a future where your data is your power. It’s about creating a transparent, secure, and ethical data value ecosystem, where ownership is not just a right but a tool for transformation. This is not just about regulation; it’s about shaping a world where data works for you.
We’re building a global movement to unlock the full potential of data, ensuring that it benefits individuals and societies equally.
The Whole Earth Accords for Data represent an ongoing effort to improve the stability, security, and ethical management of the global data monetization ecosystem by establishing comprehensive and evolving governing standards to support data ownership rights and data savings as a supplementary savings alternative for the new data economy.
The whole world is invited to built trust in data.
THE WHOLE EARTH ACCORDS FOR DATA
The Whole Earth Accords for Data is a global initiative developed over four years to create comprehensive frameworks for regulating and establishing data ownership rights worldwide. It is anchored by three main events, each driving significant milestones in the accord’s development, with a series of activities, workshops, and consultations with society in between to ensure continuous progress and broad collaboration.
ESSENCE:
ESTABLISHES THE FRAMEWORK FOR DATA MONETIZATION ADEQUACY.
KEY POINTS:
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The Data Monetization Ecosystem Actors and Architecture
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Focus on the shift from Data Privacy to Data Ownership
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Data Savings and Monetization custody and Hosting rules.
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Transactions that support Money and Data Exchange
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Conttributions and Benefits
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Integration to Financial system.
ESSENCE:
Strengthens the regulation, supervision and management of data transactions - contributions and benefits.
KEY POINTS:
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Higher minimum DUC requirements.
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Introduction of an ecosystem processing rate.
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Enhanced liquidity requirements for Data Savings benefits.
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Measures to mitigate systemic risk and expand interconnectedness among data agent
ESSENCE:
Enhances the regulatory framework by introducing a
three-pillar approach
KEY POINTS:
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Pillar 1: Data Value Under Custody and Data Value Allocation
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Pillar 2: Supervisory review process, data sovereignty, fragmentation, and ownership.
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Pillar 3: Requiring organizations to activate key information on their data transactions, measures, and incidents to promote accountability.
