TruSet's Will Janensch writes about how TruSet's Ethereum-based marketplaces help users collect, validate, and share business-critical reference data.
In today's information intensive landscape, trusted, accurate data is the foundation of any business decision. Much of this business-critical data, however, remains either unstructured, inaccessible, or available only at high cost.
With over 60 years combined in the reference data space, the TruSet team knows the pain points of the finance system, and we're starting to recognize them in the early days of the token ecosystem. Our mission is to create a new model that resolves this data dilemma for the future.
TruSet is creating multi-sided marketplaces on the Ethereum blockchain for users to collect, validate, publish, and commercialize business-critical, machine-readable 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.