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Core Principle 1: Support of operational activities in the physical economy

The BDI Framework is optimized to enable value creation in the physical economy by supporting advanced information logistics between entities.

 

Operational activities

The framework focuses on facilitating the data exchanges essential for the operational activities of various specialized entities that:

  • need to establish agreements with others
  • need to coordinate and report their activities to fulfill their commitments to their principal(s)
  • need to perform a public task, like verifying compliance to regulations of activities of others.

 

Data is in this sense more like electricity:

  • It is a critical resource needed to accomplish tasks.
  • Its value is highly time-sensitive.
  • Every participant in the system can act as both a data producer and data consumer.

 

IT processes and natural persons

In the physical economy legal entities are represented by both IT systems and natural persons. Interactions are between a mix of IT systems and natural persons.

 

Implications

Given these dynamics, it is imperative to validate the mandate and, if necessary, the professional qualifications of these representatives, as legal entities are liable and accountable for their actions. The time-sensitive nature of these data exchanges demands an efficient mechanism to uphold this principle effectively.

 

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