Abstract
The manufacturing industry faces a new revolution, grounded on the intense digitalization of assets and industrial processes and the increasing computation capabilities imposed by the new data-driven digital architectures. This reality has been promoting the Digital Twin (DT) concept and its importance on the industrial companies' business models. However, with these new opportunities, also new threads may rise, mainly related to industrial data protection and sovereignty. Therefore, this research paper will demonstrate the International Data Spaces (IDS) reference model's application to overcome these limitations. Following a pilot study with a Portuguese machine manufacturing company, this paper will demonstrate the development of a cutting and bending machines DT, leveraged on an IDS infrastructure for interoperability, for the plastic and metal industry and its importance to introduce this machine manufacturing company in a new B2B marketplace from the EU project Market 4.0.

Abstract
Recently, we have been observing a significant evolution in products, machines, and manufacturing processes, towards a more digital and interoperable reality. In this sense, the power transformers sector has also been evolving to develop smart transformers for the future, capable of providing the digital capabilities to leverage new services and features that follow its entire life cycle, from the design and manufacturing to the use and dismantling/recycling. In this sense, this paper aims to present and demonstrate how an innovative digital twin platform can be used in a secure and trustable way for the enhancement of the power transformers’ performance and potential lifespan, enabling, at the same time, the promotion of new business models. A real use case is also presented to demonstrate the applicability of Asset Administration Shells (AAS) for power transformer life cycle management, as well as the use of the International Data Spaces (IDS) for the secure and trustable horizontal interoperability along with the different actors of the value chain, from the manufacturers to the power network and maintenance services companies.