Testbed for fair data economy – ihan.fi
What is it about?
With our IHAN® project, we lay the foundation for a fair data economy, in which successful digital services are based on trust and create value for everyone. The testbed, tools and demo applications for creating fair data economy services will be compiled under the ihan.fi platform, which will support service development on a one-stop-shop basis.
The long-term goal of ihan.fi is to support new internet standards for data productising, portability and interoperability, and to boost the emergence of global data markets.
What are we doing?
In the first phase, the website will include the basic tools of the fair data economy, such as a rulebook, requirements documentations and a glossary. The most important requirement specifications have already been packaged into a pre-standard approved by CEN, the European Committee for Standardization.
The site demonstrates how services can be built with the IHAN fair data economy infrastructure. Some of the showcases that have been developed so far are introduced, of which a well-being app demo set up according to IHAN requirement specifications offers a great example of a fair data economy service.
The testbed will later be opened to developers who will be able to log into the development environment and to test building real fair data economy services with previously tested components and tools. So, stay tuned!
IHAN trial projects
Dealflow connects investors and companies
Business Finland, a provider of internationalisation services for Finnish companies, operates the Dealflow.fi service, which brings together financing providers, investors and companies. The current service uses publicly available data collected from various sources, such as data obtained from the Finnish Patent and Registration Office with the company’s business ID.
The service analyses data with the help of artificial intelligence (AI). The analysis can help companies find suitable investors and help investors find appropriate investment targets.
In a pilot project carried out on Sitra’s IHAN testbed, the AI-based analysis was enhanced by augmenting the data content with the company’s internal data. The project used the key functionalities of the testbed, such as strong authentication and data-use authorisation.
The project participants were Business Finland, Digital Living and Nixu. Business Finland will continue the development of the service.
Digitisation revamps export letter of credit process
Letters of credit (LCs) used in import and export trade are a long-standing term of payment which is still implemented slowly using paper documents. Finnish marine energy producer Wärtsilä and its partners productised and tested a digital LC process using Sitra’s fair data economy IHAN testbed.
The aim was to prove that sharing company data between partners is technically and operationally feasible by following good management practices without fear of the misuse of critical business data.
In the trial, a significant part of the letter of credit process based on paper documents and PDF files was digitised by data productisation. The digital process shortens the time required for processing, reduces error sensitivity and improves security.
Wärtsilä, SEB, Digital Living and Nixu took part in the project, which was run using the IHAN testbed created by Sitra’s fair data economy project.
See the video Paperless trade finance on a data sharing nexus:
Practical testing of a real-time economy: a digital service for setting up a company
The Finnish Tax Administration is aiming to develop a service through which a foreign company can digitally set up a company in Finland. In the experimental project realised using the IHAN testbed, the objective was to simplify the process for setting up a company by authorising and sharing information between different organisations. The project created a concept for setting up a company digitally and tested the solution in practice on the IHAN testbed.
The information sharing was tested using two data sources: the trade register and the company’s ownership registry as well as the company’s consent for sharing its information. The solution proved that once a company has consented to it, the sharing of standardised and machine-readable information is possible with modern technology.
On the basis of the trial results, testing of a similar concept is being prepared together with Estonia, and its X-Road (known as a Data Exchange Layer in Finland and which offers a standardised method for transferring information between systems) will be used as the vehicle for the company information. The trial results will perform the same task in the Nordic Smart Government project together with Norway and Sweden.
Sitra provided the fair data economy IHAN testbed for the project led by the Finnish Tax Administration, which was the first experiment to use the testbed.
Project parties: Finnish Tax Administration, Finnish Patent and Registry Office, Digital Living and Nixu.
Who is involved?
Digital Living is building the ihan.fi website together with Sitra. The components in the fair data economy testbed are jointly built by HiQ, Digital Living, Nixu and Vastuu Group.
In addition, several of the practical tools, such as the requirements documentation and the rulebook, were created as part of extensive co-operation with some of the leading experts in the field.
Where are we?
The site is being built in phases: The first version was released in June 2020, and the rest of the features will be available in stages.