All service providers operate applications that use - i.e. consume - customer data, and there is a cost associated with collecting, storing and maintaining that data. Such applications benefit from data spaces whose metadata enables them to reference customer data held by other applications, as this reduces the cost of accessing the data they need, mutualises the cost of maintaining that data and raises data quality over time.
Owners of large scale data sets, content and other IP benefit from data spaces which act as markets that aggregate the applications that are potential consumers of their product. The more open or widespread the data space, the bigger the market for the publisher. The more fine grained the metadata, the easier it is for the publisher to control access to its product (e.g. pricing access to sets of or individual pieces of data).
Similarly, data storage providers participate in data spaces to gain access to a potentially global marketplace for their services, holding data on behalf of service provider applications, professional publishers and even data owners themselves. The explicit separation of the storage and the application of data also facilitates greater data security throughout the ecosystem overall, and requires metadata able to distinguish between the author of an access request, the owner of the data and the location of the data.
Applications whose sole or primary purpose is to give data owners control over their own data - example: Personal Information Management Solutions (PIMS) - play an important role in the ecosystem. By empowering the data owners with the tools they need to implement their ownership rights, they create agency. This has a value - to other applications, to attestation service providers, to the data owners themselves - which can be monetised.
The data which can be referenced in a given data space may be self-certified, and therefore lacking third party quality assurance. Service providers that verify, validate and corroborate data on behalf of other applications (that then act as relying parties under contract) can earn a return on their due diligence efforts by selling attestation services to other participants in the data space and beyond (i.e. across the MDMP ecosystem).
Network or scheme operators usually provide connectivity to participants in a data space, and often implement governance on behalf of the relevant authority. By implementing MDMP to become Metadata Service Providers, such network operators can execute these roles more efficiently and effectively, as well as gaining the ability to interoperate with other networks, schemes, hubs, platforms and markets.
The authorities that define the rules which govern any particular network or data space can use the Metadata Meta Protocol to express those rule sets, and the Fact Table to track subsequent activity. MDMP enables authorities to implement governance models that are "stackable" with one another, making it easier for different networks to interoperate.
Insurers which are able to use lawful access to metadata captured on the Fact Table (e.g. at the request of relevant authorities) will be better able to support risk transfer and liability management as a result of the transparency that the metadata brings, both to assess risk ex-ante and to apportion responsibility for mistakes or malfeasance ex post.
Advisors can use MDMP to help clients develop new business models that benefit from greater agency and data sharing - whether via application development, extension of network operations, sale of data storage or attestation services, etc.
Developers can use the developer portals offered by Metadata Service Providers (such as Factern itself) to search, reference and request access to data needed by their applications, and to access metadata that drives network effects.
System integrators can use their own implementations of MDMP and the Fact Table to streamline integrations and maintain flexibility for clients.
Certification agents can earn income by assuring standards of MSPs and other service providers (such as the quality of due diligence undertaken by attestation service providers). This assurance is required to establish and enhance trust across the MDMP ecosystem.