A data trust is a legal structure or framework that allows for the ethical and responsible sharing of data between different parties. It is essentially a third-party organization that acts as a custodian of data, collecting, managing, and distributing it on behalf of the beneficiaries of the trust. The main goal of a data trust is to enable organizations to share data in a secure and transparent manner while ensuring that privacy and confidentiality are maintained. Data trusts can be used in a variety of applications, including healthcare, finance, and government, to facilitate data sharing and collaboration among different stakeholders. They can also help to address concerns around data privacy and security, by providing a trusted intermediary that can manage the data in a responsible and accountable way.
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