Co-innovation and new data economy technologies proved to work

SEB and Wärtsilä have a long legacy in constantly developing their processes and are leading the digital innovation also in the trade finance industry in the Nordics. Digital Living and SEB lead the creation of the overall concept and implementation for beyond-the-state-of-the-art data sharing experimentation targeted to completely automate the presentation of needed documents in any transaction globally.

The Finnish Innovation fund Sitra made it possible to create a fast experimentation between the partners on the IHAN fair data economy Testbed that utilizes the data economy technologies, architectures and open standards produced by Digital Living for corporate data sharing and productization of data. Nixu Oyj as a longtime partner for Digital Living in the national scale data economy development provided the models for secure digital authentication and consenting of the data exchange on the created trade finance data sharing ecosystem.

“The experimentation proved that the Nordic companies are in the forefront of the global data economy development and the technologies we are developing in Finland have a power to solve global challenges provided that we make the data available. Yet the most significant end result was the power of co-innovation between different industry leaders, innovative companies and open public infrastructure proving that with brave individuals and true collaboration we can change the world” said Pirkka Frosti, the CEO of Digital Living.