The best way to define Third-party Proof is to start with a few definitions.
Definition of Third-party: A third party is an outside organization or business entity that is involved in a business-to-business (B2B) transaction or relationship with your organization.
Definition of Proof of Compliance: documentation or data that is the result of a process that verifies the act of complying with the desired set of requirements defined in a Compliance Framework or Compliance Standard like PCI DSS, GDPR, HIPAA, ISO 27001, SSAE 18, FedRAMP, and others.
Definition of Third-party Proof (3PP) a.k.a. Third-party Proof of Compliance or Proof: Documentation or data that verifies the act of complying with compliance requirements, supplied by an outside organization or compliance authority.
The reason to define Third-party proof is that it needs to be shared
Definition of sharing: in a B2B context, sharing is generally the act of distributing or exchanging information. With regard to 3PP, we often refer to sharing as Publishing and Collecting 3PP.
What does it mean to share third-party proof?
Sharing Third-party Proof of Compliance information a.k.a. Third-party Proof (3PP) means your organization is exchanging and maintaining documentation and data that verifies compliance with a set of defined Compliance Framework or Compliance Standard requirements as part of a B2B relationship.
At ProofPort, our mission is to provide the fuel for more trustworthy B2B relationships by helping you exchange and maintain up-to-date third-party proof, whether you’re publishing it for B2B customers or collecting it from your providers and vendors - or doing both.