ALTERNATIVE TO DATA SILOS
Current data management systems are built on centralized architectures where data is stored and managed centrally in a system that is usually controlled by a single organization. One of the problems associated with this form of centralized design is that each system is different, often significantly. On a technical level, this means enabling the exchange of data between such systems can be very costly and time-consuming. This data exchange usually requires the development and maintenance of complex interfaces and possibly the harmonization of technical specifications and components. As a result, most of the data belonging to individuals and organizations is stuck in systems which are not able to interoperate and communicate with other systems, hence the term „data silo”.
Making such data reusable for processes, interactions, and transactions that happen outside the respective silo requires cumbersome and expensive workarounds. In contrast to current systems, UNISOT ID has a completely decentralized, open, and extensible architecture which aims to offer an alternative to current data silos by democratizing control over data. With UNISOT ID, every user can decide where data is stored, based on the promise of full data portability, or with whom data is being shared and for what purpose. Instead of data being fixed within the system of a certain organization, the respective organization can simply issue the relevant data to the associated entity which can then re-use the data in interactions with other systems.