Data, especially data content that is verified by trusted parties, defines the accountability of participants in this inter-connected world, therefore, becomes the binding force in exercising social contracts.

Professor Sandy Pentland and others had published a paper titled Personal Data: The Emergence of a New Asset Class^[1].

Some relevant papers and online articles can be found here^[2]:

Data Governance

History of Data Governance

For starters, please watch a presentation on the history of Double entry bookkeeping, titled: Monks, Maths and Magic, by Jane Gleeson White.

{{#ev:youtube|https://www.youtube.com/watch?v=jmVfDbqRxKo%7C%7C%7C%7C%7Cstart=100&end=103}}

References

↑ World Economic Forum, Personal Data: The Emergence of a New Asset Class, 2011, URL:http://www3.weforum.org/docs/WEF_ITTC_PersonalDataNewAsset_Report_2011.pdf, last accessed: May 4, 2021
↑ Virginia Collins,Managing Data as an Asset, https://www.cpajournal.com/2019/06/24/managing-data-as-an-asset/#:~:text=Because%20data%20is%20an%20intangible,as%20the%20asset%20it%20is.&text=Organizations%20must%20begin%20managing%20data,from%20it%20as%20real%20assets.,The CPA Journal ,June 2019 Issue

[1] World Economic Forum, Personal Data: The Emergence of a New Asset Class, 2011, URL:http://www3.weforum.org/docs/WEF_ITTC_PersonalDataNewAsset_Report_2011.pdf, last accessed: May 4, 2021

[2] Virginia Collins,Managing Data as an Asset, https://www.cpajournal.com/2019/06/24/managing-data-as-an-asset/#:~:text=Because%20data%20is%20an%20intangible,as%20the%20asset%20it%20is.&text=Organizations%20must%20begin%20managing%20data,from%20it%20as%20real%20assets.,The CPA Journal ,June 2019 Issue

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Data is the asset

Data Governance

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Data Governance

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