Strengthening trust to support data economies for the common good

The pilot data exchange project Moonshot demonstrates Colombia's strengths and the challenges it faces in overcoming developmental obstacles as it transitions to a sustainable, data-driven economy. In the report "Data for Common Purpose: Enabling Colombia’s Transition to a Data-Driven Economy,” the World Economic Forum Center for Industrial Revolution in Colombia discusses necessary facets of data marketplaces and essential steps in the country’s transition strategy:

• Data forms the bedrock of any sustainable economy
• Data exchange is guided by eight principles of a digital commons
• Trust is fundamental in creating a data economy
• Data valuation and ownership must be standardized

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