Core Viewpoint - The establishment of a trusted data space in Shanghai aims to address challenges in data circulation and sharing, such as privacy protection and trust issues, thereby unlocking the value of data as a new production factor in the digital economy [1][2]. Group 1: Trusted Data Space Concept - The trusted data space can be likened to an e-commerce platform where various industry participants operate their own data "stores," allowing for controlled data flow and usage strategies [2][3]. - The initiative is part of a national pilot program, with 63 projects selected, including 13 cities and 28 enterprises, marking a significant step in exploring new models for large-scale data circulation [2][3]. Group 2: Addressing Bottlenecks - The trusted data space addresses three main bottlenecks: concerns over data misuse and leakage from providers, doubts about data quality and source from users, and difficulties in online negotiations and value consensus during data circulation [2][3]. - Solutions include setting permissions for data usage, ensuring data is "usable but not visible," and employing blockchain technology for auditability and traceability [3]. Group 3: Infrastructure and Cost Efficiency - Shanghai has developed a robust data circulation infrastructure, integrating blockchain and privacy computing to lower transaction costs and ensure secure data flow [4][5]. - The trusted data space is designed to be open and standardized, facilitating integration with third-party applications and providing essential capabilities like identity verification and data product certification [5]. Group 4: Practical Applications and Impact - The trusted data space is currently in trial operation, with nearly 300 enterprises participating and over 300 data products developed, leading to billions of data calls [6]. - Specific applications include financial services for small and micro enterprises, with significant loan amounts supported through data-driven decision-making [6][7].