Today, we announce the topic of the second knowledge session from the Expert Sessions of the LSP Potential Hackathon on September 20, 2024!
This session will be about the combination of data specification, reporting language and trust services.
Since 2004, the Netherlands has been working on cross-chain taxonomies for the efficient processing of reports derived from business administrations. The Standard Business Reporting (SBR) program focused on XBRL as the data specification and reporting language. By providing accountants with a personal certificate, the digitalization of audit reports could be secured with high certainty. This concept was later extended to appraisers of commercial real estate as well. The combination of structured and labeled data with trust services offers a significant improvement in data quality. Processes become more efficient, and risks in the reporting chain are better managed.
In this expert session, Jochem Oosterlee will discuss the potential of trust services for a fully automated reporting chain with extremely high data quality. How can qualified ledgers, archives, seals, and signatures be leveraged to fully digitize and safeguard both the legal certainty and the meaning of information, especially in light of the revised eIDAS regulation? The updated eIDAS framework further strengthens the reliability and cross-border recognition of digital identities and trust services, providing a solid foundation for the next step in secure and compliant reporting automation.
Would you like to learn more about this? Registrations are filling up quickly, so don’t hesitate and sign up here!