Key Components
A transaction between digital ecosystem partners involves multiple layers of relevance, interaction, and complexity. The following components are necessary to ensure the confidence and trust of transaction participants.
Platform
The technology infrastructure underlying the transaction must maintain the context, integrity, security, and privacy of shared information in order to maintain trust among participants in the digital ecosystem.
Paper
The information that typically changes hands via manual processes can be any digitizable content. This opens the arena for information sharing beyond that of typical data exchange.
Process
The processes and workflows of the specific industry must be upheld. Manual processes which are no longer necessary because of the protected nature of digital ecosystems will be eliminated.
Policies
The policies of how information is handled must be upheld. Policies are central to the confidence of digital ecosystem participants because policies typically define who sees what information, when, and why.
People
The participants in the transaction, including the subject the transaction centers around, must be identified and authorized to handle the information of the transaction.
Politics
The policy makers who direct the transactions which occur in the digital ecosystem must support and properly fund the ecosystem initiative.
Governance
The organizations involved in the digital ecosystem must come together and agree on common processes, shared policies, and mission definitions.