The document discusses the International Data Spaces (IDS) initiative, which aims to define an open standard architecture and framework for securely sharing industrial data between systems from different providers through "data sovereignty". The IDS proposes a reference architecture, interfaces, contractual framework, and sample code to connect different cloud platforms and devices. It has reached 350 members across 20 countries and released the 3.0 reference architecture model. The goal is to establish an open ecosystem for data sharing through further standardization, community engagement, and certification programs.