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Toward a New Model of Data Ownership - IoT For All

Toward a New Model of Data Ownership - IoT For All | The CYDigital Blog | Scoop.it
An alternative to this top-down model by and for large platforms is nonetheless possible. Tokenization—the process of replacing and valuing data with a secured identification symbol—offers such a perspective. If tokens were to be backed by personal data and decentralized into a public blockchain, a new, bottom-up, market mechanism could emerge.

Cryptocurrencies might be a channel through which individuals value data. Large platforms needing to access and crawl data, such as Facebook or Google, would purchase the token corresponding to personal data directly to their miners (their users) in a secure way. In turn, the aggregation of tokens sold by individuals and purchased by firms would generate a new market, thereby establishing a natural valuation of available tokens.

Such a mechanism offers interesting perspectives as users would easily track their personal data value but also actively engage in the data market over which they would be able to share directly the growing benefits.
CYDigital/marteq.io's insight:

I sense a movement at which CYDigital is on the front end.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital #zeropartydata #dataprivacy #datamonetization

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Why data ownership is the wrong approach to protecting privacy - Brookings

Why data ownership is the wrong approach to protecting privacy - Brookings | The CYDigital Blog | Scoop.it
The trouble is, it’s not your data; it’s not their data either.  Treating data like it is property fails to recognize either the value that varieties of personal information serve or the abiding interest that individuals have in their personal information even if they choose to “sell” it. Data is not a commodity. It is information. Any system of information rights—whether patents, copyrights, and other intellectual property, or privacy rights—presents some tension with strong interest in the free flow of information that is reflected by the First Amendment. Our personal information is in demand precisely because it has value to others and to society across a myriad of uses.

Treating personal information as property to be licensed or sold may induce people to trade away their privacy rights for very little value while injecting enormous friction into free flow of information. The better way to strengthen privacy is to ensure that individual privacy interests are respected as personal information flows to desirable uses, not to reduce personal data to a commodity.
CYDigital/marteq.io's insight:

Here's the issue with this retort from Brookings: once that data (or information) is used by a third party for profit, then there is a solid argument for profit sharing between the party that generated the information and the party that executed on the mechanics to monetize that information. Without one, the other doesn't happen.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital #zeropartydata #dataprivacy #datamonetization

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We need to change who can analyse our data – as well as who owns it - openDemocracy

We need to change who can analyse our data – as well as who owns it - openDemocracy | The CYDigital Blog | Scoop.it
A new think tank, Common Wealth, has only recently launched but is already beginning to set a new agenda for the future of ownership. In a long-read piece published to accompany the launch of the new venture, Common Wealth founder Mathew Lawrence sets out why ownership matters, and envisions its part in an ambitious reimagined future.

Within this broader agenda, Lawrence outlines six areas in which Common Wealth will seek to redefine ownership. One particularly vital set of proposals revolves around the building of a new ‘digital commons’. In short, as I understand it, the aim of the digital commons is to radically realign the ownership of the technological systems and platforms that are shaping our lives. The agenda is yet to be fully outlined, but it aims to move the digital realm from private to public ownership. In particular, it seeks to reclaim the ownership of the data that is produced as a by-product of our use of these media. It would then place these data into a new type of commons. This would guide power and profit towards more collective and progressive outcomes. At the same time, the creation of the digital commons would help to alleviate the negative, harmful and damaging uses of these technologies and curb attempts to target and manipulate us using these systems.
CYDigital/marteq.io's insight:

Don't bother: CYDigital has cracked the code on private ownership.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital #zeropartydata #dataprivacy #datamonetization

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Data Ownership – Not Waiting for the Lawyers

Data Ownership – Not Waiting for the Lawyers | The CYDigital Blog | Scoop.it
There was a fascinating article in a recent US print edition of the Financial Times. It was titled, “Patients take control of their medical data”. Here is the quote that almost took my breath away:

“It [a new data platform collecting medical data] now has 1,200 users on its platform and has entered into research partnerships with pharma and health companies including Johnson & Johnson and Medtronic, as well as the Food and Drug Administration, the US medicines regulator.”

And the next paragraph:

“For Richie Etwaru, the solution is to offer people legal title over their data.”

That last part is awesome. While privacy companies and regulators in the US waffle on about how to cope with GDPR and other privacy issues, private firms are quietly building up treasure troves of data that have strings attached. Those strings provide an ‘out’ clause for the consumer (that’s you and me) that creates the raw data. On their (our) behalf the platform owner licenses the use of consumer data for a fee, partly reimbursed to the consumer.
CYDigital/marteq.io's insight:

DOABLE! CYDigital's DDR and corresponding Dapp makes this happen!!!

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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How Blockchain Can Protect Big Data and IoT Devices –

How Blockchain Can Protect Big Data and IoT Devices – | The CYDigital Blog | Scoop.it
So how can customers retain privacy and data ownership? At the same time, how can companies incentivize consumers to volunteer data that can help improve products and services?

The answer is blockchain.

Blockchain technology offers us a way to tokenize data and cryptographically secure that data in private wallets. Cryptocurrency is programmable and can act as both a currency and a conduit for securely delivering and tracking data. Blockchain instills trust in the form of consensus. Developers can code smart contracts that check the integrity of data entered in the blockchain and actively reward providers of “good data.”

These days, almost everything is connected to the Internet. The Internet of Things (IoT) is unstoppable. Now, blockchain can offer a responsible and secure way to manage data in a way that benefits everyone.
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Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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We Need To Set The Bar Higher On Privacy

We Need To Set The Bar Higher On Privacy | The CYDigital Blog | Scoop.it
How we collectively decide what the rules of the game for this new data-driven economy is, I would argue, one of the most important issues facing global policymakers today.At the core of these considerations is the fundamental issue of data ownership. Who owns and controls data, for what purpose and to what end is it being employed?As a CEO of a company that made security and privacy not only a priority but a core element and value proposition of its business, I feel we have a collective responsibility to tackle this issue.Businesses should protect the data they manage, not exploit it. Every individual should own their own data. It should be yours, and yours only.
CYDigital/marteq.io's insight:

And that's from the CEO of Blackberry.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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TikTok Owner Musical.ly Fined $5.7 Million Over Child Privacy

TikTok Owner Musical.ly Fined $5.7 Million Over Child Privacy | The CYDigital Blog | Scoop.it
Whether in its former life as lip-synching app Musical.ly or its current rebrand as TikTok, the short-form video platform has always courted a youthful demographic. And in the past, its stance on obtaining user consent was, let’s say, inattentive. For both these reasons, it’s now the recipient of the largest civil penalty for violating the online privacy of children.
John Rizzo's insight:

Data collection abuse is epidemic. There are other models that include everyone in the value chain.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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People Will Trade Personal Data for Convenience and Security: Experian

People Will Trade Personal Data for Convenience and Security: Experian | The CYDigital Blog | Scoop.it
People are more than happy to share their personal data, just as long as they’re getting something in return. 

That’s the main takeaway from Experian’s Global Identity and Fraud Report, which found that growing privacy concerns have not soured people on the overall potential of the digital experience. The vast majority (90 percent) of consumers are aware that businesses are collecting personal information, but 70 percent would still be willing to hand over more information if it would make their online interactions faster and safer.
CYDigital/marteq.io's insight:

Consistent with other data we've found.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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Tim Cook's call for federal regulation of data privacy won't work

Tim Cook's call for federal regulation of data privacy won't work | The CYDigital Blog | Scoop.it
We’re truly in the midst of a new age of privacy challenges. Digital consumers are more confused and suspicious than ever when it comes to the unconditional transfer of their personal data, and they are quickly becoming more interested in their rights under burgeoning privacy legislation sweeping the globe. The Cambridge Analytica scandal didn’t just make the tech press but unfolded on front pages the world over. And with every negative headline, consumer trust has eroded in organizations that use purchased data sets, cookies and click trails to power their marketing.
CYDigital/marteq.io's insight:

Written by Scott McNealy.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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How Personal Data Ownership Can Solve a Privacy Problem

How Personal Data Ownership Can Solve a Privacy Problem | The CYDigital Blog | Scoop.it
It’s as if you’ve put your private papers in a box on the sidewalk. If they’re on the sidewalk, a public space, then you no longer control them. Any garbage picker can take that box and claim possession of its contents.

You can choose to put your box of personal information out on the sidewalk. You can also choose to keep it inside your house, or destroy it. This is because it’s your property.

Unfortunately, our current laws too often fail to specifically define your health data as your property. Once you interact with a health care provider, the resulting data actually becomes their property. Your insurance company, your hospital, your genetics testing agency can all claim that the data belongs to them. They can even sell it to other third parties. Most sellers claim that information that could identify you as the source of the data is scrubbed out, but you don’t know that for a fact.
CYDigital/marteq.io's insight:

It's every bit of consumer data, not just health. It belongs to the Consumer.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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“Why I started a movement for the right to claim your personal data as your property” With Richie Etwaru

“Why I started a movement for the right to claim your personal data as your property” With Richie Etwaru | The CYDigital Blog | Scoop.it
As you may know, the Universal Declaration of Human Rights (UDHR) is a historic document that was adopted by the United Nations General Assembly at its third session in December 1948. It contains 30 basic human rights, such as the right of peaceful association and the right to own your own property. My team and I are advocating for the 31st Human Right, which asserts that your human data is your personal property. By human data, we mean any data that is created by your existence (genetic and health data) and your activities (where you live, what you buy). Because you create this data, it should be your property, and you should be able to control its use in the marketplace and be paid fairly for it.

There are profound historical socio-economic implications, and the timing is right — it’s what I like to call the Goldilocks conditions of history. The size of the human data marketplace is enormous and growing. By using blockchain technology, your data can be organized, stored, and licensed for use, just like any other intellectual property you own. Recognizing this 31st Human Right will create new streams of passive income and help close the widening wealth gap between the very rich and everyone else.
CYDigital/marteq.io's insight:

31st Human Right!

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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