VDRs provide a secure and secure way to share data and examine it in a friendly, easy-to-use environment. They can also assist companies comply with privacy regulations such as GDPR and CCPA.
The suggestion that software buyers be provided with a VDR is growing in popularity. The latest SPDX SBOM version 2.3 includes provisions (K.1.9) that give a software vendor the ability to associate with a VDR attestation from NIST for their product with an SBOM. This means that the VDR «living» within the SBOM. The NIST VDR attestation could be connected via a URL or the CycloneDX standard from OWASP (which is compatible with VDR and VEX) or via direct links to other sites for information about vulnerability management, such as GitHub repositories as well as public feeds.
For example airlines have used Flight Data Recorders (FDR) for a long time to decrease the number of crashes on aircrafts and save lives. VDRs offer similar benefits and the analysis of results could lead to improved safety.
VDRs are utilized in many different ways by businesses, but they are most often used in M&A transactions in which both parties conduct due diligence as negotiations are taking place. They can also be used to exchange sensitive information as part of an undertaking, like pharmaceutical research and development or clinical trial results. The security of a VDR can be enhanced by using AES encryption. This is the top level of encryption currently available and is widely used by government agencies, banks and online banking.