Trust Exchange

Trust Exchange operates as a business information gateway, providing a platform designed to streamline the complex process of managing and exchanging mission-critical information between organizations. Founded in 2015 by Edward Sullivan, a serial entrepreneur with extensive experience in building technology companies, the company addresses the inefficiencies and security risks associated with traditional data sharing methods like email and fax. Sullivan's background, which includes founding successful ventures like Aria Systems and LaserLink.net, reflects a deep understanding of enterprise technology needs, which is central to Trust Exchange's value proposition.

The company's core offering is a cloud-based, collaborative platform where businesses can create private or public networks to connect with their partners, suppliers, and clients. This model is particularly effective for managing regulatory compliance, where industries such as banking, pharmaceuticals, and local governments face significant burdens in monitoring and verifying information from third parties. Trust Exchange generates revenue by providing this configurable and scalable platform, which can also be white-labeled, allowing partners to customize it to their specific business requirements. The platform functions by enabling users to request, share, and monitor data and documents in a secure, real-time, and permissioned environment. Key features include customizable dashboards, policy-based checklists for compliance tracking, and automated alerts to ensure information remains current. A significant milestone for the company was securing $4 million in a 2022 funding round from a syndicate of venture capitalists and private family offices to expand its team and technology.

A distinctive aspect of the Trust Exchange platform is its support for Trusted Third Parties (TTPs), who can be granted access to audit and verify self-reported data, adding a layer of integrity to the information exchanged. The system is built on a scalable cloud infrastructure, leveraging providers like AWS and Google Cloud to ensure security and high availability. By creating a networked environment, Trust Exchange aims to break down communication silos, enhance transparency, and foster greater trust within business ecosystems, ultimately helping organizations manage everything from supply chain diversity to ESG requirements more effectively.

Keywords: business information gateway, compliance automation, vendor management, third-party risk management, secure data exchange, regulatory compliance, information monitoring, supply chain management, B2B collaboration platform, Edward Sullivan, information security, enterprise software, peer-to-peer crowdsourcing, digital information exchange, trusted third party verification, business process automation, configurable software, white-label platform, risk management, ESG reporting