Eviden has implemented the Clearing House as a Service solution on behalf of the Flemish data service provider Athumi, a first in the global data monetization market.

Athumi selected Eviden to integrate the Clearing House as a Service solution into its data platform. This system provides trust management, authorization, contract management and seamless monetization of value streams. By bundling financial transactions into a single payment and settlement plan, outstanding charges can be automatically collected and monitored, increasing operational efficiency and customer satisfaction.

This solution, which took six months to implement, is now the only one of its kind on the market. The clearinghouse plays a crucial role in Europe’s data strategy by supporting a sustainable business model where stakeholders can receive a return for their contribution to data flows.

Six-month project

The biggest challenge for Athumi was finding alignment within the wider data space community and future specifications for clearinghouses in the IDSA and Gaia-X standards. The solution implemented by Eviden distributes funds fairly across the various data and value providers and streamlines payouts, settlements and collections, ensuring a hassle-free experience for all parties involved.

Olivier Clabots, Head of Belux at Eviden, sees this as an important step to offer added value to Athumi’s customers and to promote common data spaces in Europe through the SIMPL project.

Björn De Vidts, Acting CEO of Athumi, adds that this solution helps companies make data more useful and boost the Flemish data economy. Athumi is already reaping benefits such as simplifying the payment process and automating cash flows. This is expected to lead to higher customer satisfaction, improved operational efficiency and new sustainable revenue streams in the future.