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Trust
Exchange
Business Trust in a Networked
World
Edward Sullivan
Founder & CEO
edsull@trustexchange.com
November 2020
1
About Me:
edsull@trustexchange.c
om
Twitter: @edsull
CEO and Founder of Trust Exchange
• Business Information Platform
• Custom Business Networks
• Connect, Share, Verify and Trust
Prior Experience
• Founder and CEO of Aria Systems
• Founder and President of LaserLink
• Raised over $100M
• Created $700M in Exits
The Problem
2
Engaging, verifying and monitoring business information is
exceedingly complex. Today, enterprises use linear solutions that fail
in an exponential world.
Businesses rely on old and inefficient technology such as email and
spreadsheets. These are redundant, time consuming, and limited
in frequency and volume.
Assessments focus on past performance as opposed to what is
happening right now.
Businesses are
driving taxis
in an Uber
world.
Image sources: https://bit.ly/3krdtPh
https://bit.ly/35yWtRg
Client
C1 C2 C3 C4 CN
V1 V2 V3 V4 VN
Vendor
V2 V3
Networks Not Pipes
Business
Information
3
• Quantity is Accelerating
• Networks not Pipelines
or Chains
• Not a Storage or
Processing Problem
• Validation Problem
• Exponential Problem
It’s a New
World
The emergence and
adoption of social
technologies via the
Internet has led to the
establishment of the
collaborative economy
.
• Better Info
• Faster
• Better Decisions
• Dramatically Reduced
Cost
• Cluster Networks and
Sub-Networks
• Solves Adjacent
Problems too
Collaborative Economy
4
• Digitalization
• Dematerialize
• Demonetize
• Democratize
5
DISRUPTIVE
RESULTS
Client
C1 C2 C3 C4 CN
V1 V2 V3 V4 VN
Vendor
Client
C1 C2 C3 CN
V1 V2 V3 VN
Vendor
C4
V4
Current Solutions Trust Exchange
Introducing:
Trust
Exchange
6
Trust Exchange is a platform
that allows companies to
build secure, customizable
networks in order to
connect, collect, and
directly exchange mission
critical business information
in real-time.
Through Network Effect
Mechanics, our platform
creates opportunities for
more direct collaboration
between information
requestors, creators, and
validators. Via this crowd-
powered platform, we’re
building a new marketplace
for business information.
The Trust
Exchange
“Virtuous Cycle”*
Trust Exchange is
disrupting the business
information market by
leveraging our platform to
build inverted firms
powered by users to
deliver:
• Radically different
customer experiences
• Significant economic
efficiencies
• New use cases
• Expanded total
addressable market
“Better”
Information
More Demand
More Contributors
More Vertical
Coverage/Saturation
Lower Prices
Faster
Information
Image source: http://bit.ly/UBERBillG
7
The Platform
Dashboards
Timely and actionable information is delivered through
easily configurable dashboards, which enable
customized criteria and risk policies to be monitored
automatically. Dashboards and reports create visibility
throughout the organization, and each party can have
multiple dashboard views based on role or
responsibility.
Policies
Custom compliance policies reside in the
dashboard categories and allow organizations to
more precisely segment third parties by function,
risk, geography, or other criteria. All parties receive
alerts about upcoming requirements and new
events based on their portfolio permissions.
Company Profiles
Your dashboard shows the profiles of companies or
events that you monitor. At a glance, you can
determine an individual company’s compliance
with your specific rules and policies.
8
Platform Overview
Events
Key information, such as an initial risk assessment, is
presented as an Event on a timeline. Events can be
customized based on the user’s requirements and
preferences.
Verifications
Events can be verified internally or by additional third
parties based on role or responsibility. These
verifications are stored securely and are easily
auditable. Verifiers can monitor companies they are
responsible for in dashboards and receive alerts about
new Events needing review as well as upcoming
assessments.
Reports
Trust Exchange provides information across the
organization in the form of real time alerts, daily
summaries and a hierarchy of dashboards and
reporting. Reports include company profile reports,
policy checklist status and history reports, lists, and
portfolio activity reports and board level program
metrics.
9
Use Case:
Banking
Custom Network of 50
Banks, Specialists and
700 Vendors:
• Better Vendor
Compliance
• Reduced Cost 60%
• Recaptured Capacity
• A+ from Regulators
• Adjacent:
• PPP Forgiveness
• Loan Portfolio
• Cannabis Compliance
10
Client Bank
C1 C2 C3 CN
V1 V2 V3 VN
Third Parties
C4
V4
Gov Regulations
and Best Practices
Use Case:
Public Safety: Covid and
Fire
Custom Network in a City
of Fire Marshall, Building
Managers and Third Party
Inspectors
• Better Compliance
• Digital Transformation
• Radical Transparency
• Increased Compliance
• Adjacent:
• Covid Reopen
• Inter Dept
Coordination
• L & I
Image source: http://bit.ly/UBERBillG
11
Municipality
B1 B2 B3 BN
I1 I2 I3 IN
Third Party
Safety Inspection
B4
I4
City rules, national
laws,
Use Case:
Agriculture
Custom Network for
USDA, Upenn, UKY,
Network of Veterinarians
and Pork Product
Manufacturers
• Better Disease
Tracking
• Real time vs. Quarterly
• Digitized
• Reduced Cost
• Increased Safety and
Security of Supply
Chain
12
Pork Product
Producers
P1 P2 P3 PN
F1 F2 F3 FN
Farms
P4
F4
USDA, Universities,
Manufacturers,
Farmers
Share. Verify. Trust.
13

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Trust exchange webinar nov 2020

  • 1. Trust Exchange Business Trust in a Networked World Edward Sullivan Founder & CEO edsull@trustexchange.com November 2020
  • 2. 1 About Me: edsull@trustexchange.c om Twitter: @edsull CEO and Founder of Trust Exchange • Business Information Platform • Custom Business Networks • Connect, Share, Verify and Trust Prior Experience • Founder and CEO of Aria Systems • Founder and President of LaserLink • Raised over $100M • Created $700M in Exits
  • 3. The Problem 2 Engaging, verifying and monitoring business information is exceedingly complex. Today, enterprises use linear solutions that fail in an exponential world. Businesses rely on old and inefficient technology such as email and spreadsheets. These are redundant, time consuming, and limited in frequency and volume. Assessments focus on past performance as opposed to what is happening right now. Businesses are driving taxis in an Uber world. Image sources: https://bit.ly/3krdtPh https://bit.ly/35yWtRg
  • 4. Client C1 C2 C3 C4 CN V1 V2 V3 V4 VN Vendor V2 V3 Networks Not Pipes Business Information 3 • Quantity is Accelerating • Networks not Pipelines or Chains • Not a Storage or Processing Problem • Validation Problem • Exponential Problem
  • 5. It’s a New World The emergence and adoption of social technologies via the Internet has led to the establishment of the collaborative economy . • Better Info • Faster • Better Decisions • Dramatically Reduced Cost • Cluster Networks and Sub-Networks • Solves Adjacent Problems too Collaborative Economy 4
  • 6. • Digitalization • Dematerialize • Demonetize • Democratize 5 DISRUPTIVE RESULTS
  • 7. Client C1 C2 C3 C4 CN V1 V2 V3 V4 VN Vendor Client C1 C2 C3 CN V1 V2 V3 VN Vendor C4 V4 Current Solutions Trust Exchange Introducing: Trust Exchange 6 Trust Exchange is a platform that allows companies to build secure, customizable networks in order to connect, collect, and directly exchange mission critical business information in real-time. Through Network Effect Mechanics, our platform creates opportunities for more direct collaboration between information requestors, creators, and validators. Via this crowd- powered platform, we’re building a new marketplace for business information.
  • 8. The Trust Exchange “Virtuous Cycle”* Trust Exchange is disrupting the business information market by leveraging our platform to build inverted firms powered by users to deliver: • Radically different customer experiences • Significant economic efficiencies • New use cases • Expanded total addressable market “Better” Information More Demand More Contributors More Vertical Coverage/Saturation Lower Prices Faster Information Image source: http://bit.ly/UBERBillG 7
  • 9. The Platform Dashboards Timely and actionable information is delivered through easily configurable dashboards, which enable customized criteria and risk policies to be monitored automatically. Dashboards and reports create visibility throughout the organization, and each party can have multiple dashboard views based on role or responsibility. Policies Custom compliance policies reside in the dashboard categories and allow organizations to more precisely segment third parties by function, risk, geography, or other criteria. All parties receive alerts about upcoming requirements and new events based on their portfolio permissions. Company Profiles Your dashboard shows the profiles of companies or events that you monitor. At a glance, you can determine an individual company’s compliance with your specific rules and policies. 8
  • 10. Platform Overview Events Key information, such as an initial risk assessment, is presented as an Event on a timeline. Events can be customized based on the user’s requirements and preferences. Verifications Events can be verified internally or by additional third parties based on role or responsibility. These verifications are stored securely and are easily auditable. Verifiers can monitor companies they are responsible for in dashboards and receive alerts about new Events needing review as well as upcoming assessments. Reports Trust Exchange provides information across the organization in the form of real time alerts, daily summaries and a hierarchy of dashboards and reporting. Reports include company profile reports, policy checklist status and history reports, lists, and portfolio activity reports and board level program metrics. 9
  • 11. Use Case: Banking Custom Network of 50 Banks, Specialists and 700 Vendors: • Better Vendor Compliance • Reduced Cost 60% • Recaptured Capacity • A+ from Regulators • Adjacent: • PPP Forgiveness • Loan Portfolio • Cannabis Compliance 10 Client Bank C1 C2 C3 CN V1 V2 V3 VN Third Parties C4 V4 Gov Regulations and Best Practices
  • 12. Use Case: Public Safety: Covid and Fire Custom Network in a City of Fire Marshall, Building Managers and Third Party Inspectors • Better Compliance • Digital Transformation • Radical Transparency • Increased Compliance • Adjacent: • Covid Reopen • Inter Dept Coordination • L & I Image source: http://bit.ly/UBERBillG 11 Municipality B1 B2 B3 BN I1 I2 I3 IN Third Party Safety Inspection B4 I4 City rules, national laws,
  • 13. Use Case: Agriculture Custom Network for USDA, Upenn, UKY, Network of Veterinarians and Pork Product Manufacturers • Better Disease Tracking • Real time vs. Quarterly • Digitized • Reduced Cost • Increased Safety and Security of Supply Chain 12 Pork Product Producers P1 P2 P3 PN F1 F2 F3 FN Farms P4 F4 USDA, Universities, Manufacturers, Farmers