With the European Central Bank (ECB), the Gaia-X initiative has a new member. Among other things, the Industry 4.0 platform and several federal ministries are involved in the European project. The goal is to create a secure and interconnected data infrastructure.
Says the website for Federal Ministry for Economics and Climate Protection (BMWK).
According to the European Central Bank, the project is a non-profit association that “aims to promote digital sovereignty in Europe.” In essence, it is about developing common standards for digital services such as cloud services. “This allows data to be collected and shared in a trusted environment. This promotes the digital transformation of the economy and is in line with the European Commission’s digital strategy.”
Data storage exclusively in Europe
With the help of common standards, services should become interoperable so that users can combine different digital services in the way that best suits their needs. For example, it will be possible to store data with one service provider and analyze it with another. “Thanks to the common standards developed as part of Gaia-X, users of digital services also maintain control over their data. For example, data owners can be sure that their data is stored exclusively in Europe and is subject to European law,” the ECB confirms.