What is the Information Trust Exchange project?
Sustaining civic-oriented journalism is the larger goal of The Information Trust Exchange (ITE) Project. The Internet needs additional infrastructure which will update the role and effectiveness of advertising, enhance consumer privacy options, and enable the sharing of information commerce among publishers, producers and artists. The Reynolds Journalism Institute at the University of Missouri is working on a solution. READ MORE ABOUT US. . . . / . . . VIEW POWERPOINT.
The ITE emerged from a research effort begin at RJI in 2008 by Bill Densmore. Initially it was called “Information Valet Project.” It explored organizing an information-industry collaborative to build, own and operate a shared-user network layered upon the basic Internet. An Information Trust Exchange would: (1) Allow end users to own, protect — and sometimes share — their demographic and usage data for their benefit with the help of a competitively chosen “information valet” (2) Update the role, effectiveness and compensation for online advertising and marketing services (3) Allow online users to easily share, sell and buy content through multiple websites with one ID, password, account and bill.
To sustain an information valet economy — and along with it both participatory democracy and journalism — the next-generation Internet needs a user-focused system for sharing identity, and for exchanging and settling value for digital information.
This system should exchange payments for the sharing of text, video, music, game plays, entertainment, advertising views, etc., across the Internet.
One challenge is to create a system that can be ubiquitous, yet never be owned or controlled by either the government or a dominant private, for-profit entity. It should to be massively distributed and — in some fashion — collaboratively owned. It should:
- Aggregate for advertisers audience measurement and selected demographic data by unique users whose identity persists across a federated network that also tracks, aggregates, sorts and shares revenues.
- Put in place technology for the optional sharing of content by subscription or click with sophisticated pricing and bundling options.
The system design, therefore, should have the following objectives:
- A way to enumerate, exchange value
- Enables unlimited number of “retailers” of the valet experience and unlimited number of “vendors” of information of any size.
- Access to demographic, profile/identity and usage information controlled by the user.
- Management of reputation and therefore accountability
- A mechanism for finding and sharing content that involves effective distribution, aggregation and sustainability
IVP will address four challenges:
- How to exchange permission-based demographic information and hit data among advertisers and host websites.
- How to share revenue for proprietary content among various rightsholders.
- How to provide personalized, customizable services to Internet users without having to maintain a central user base of name/demographic information.
- How to give consumers control of their personal identity information.