The TruSet Solution
TruSet is creating n-sided marketplaces for users to collect, validate, publish, and commercialize business-critical data without the intervention of vendors or service providers.
As a community-operated resource, TruSet can better ensure quality and accuracy because validators of the data are actual market participants. By creating a foundational layer of trusted and machine-readable reference data, the TruSet community will establish a new, primary source of truth for industry ecosystems and create opportunities for innovation and efficiency in global markets.
The TruSet community participates in each marketplace through one or more of the following activities:
TruSet is helping users create a golden record of critical reference data.
Reference data is cryptographically embedded on the Ethereum blockchain. Users can trust that the data they’re using is consistent across the entire marketplace.
Data is validated by actual market participants, so you can trust it. TruSet has full audit capability so users can see the state of the data, track changes over time, and work together to identify errors.
TruSet’s consensus mechanism reduces the back office spend by enabling users to manage data as a community. Once data is validated, it’s available immediately, so users can settle and service their assets.
TruSet rewards contributors for publishing and validating data for the community.