By Charles Adjovu, Director & Researcher at Ledgerback Cooperative

My Data! My Rules!

The Rise Of A New Data Governance Landscape In The Midst Of Heightened Data Privacy Concerns

By geralt. Accessed on Pixabay [1].

Introduction

When I share my data with companies, do I still have a say over how my data is stored, shared, and used? What about when these companies make a profit by sharing my data?

1. The Data Privacy Status Quo

1.A. Consumer’s view data privacy as fundamental in theory, but are willing to give up their data privacy in practice

Photo by Dayne Topkin on Unsplash

1.B. Most consumers are unaware of how businesses benefit from their data-generating activities

Photo by Bernard Hermant on Unsplash

1.C. Data Breaches are becoming more frequent as companies store and share more consumer data

Photo by Samuel Zeller on Unsplash

1.D. Data breaches are becoming more frequent and severe because businesses are storing large amounts of consumer data

Photo by Michael Geiger on Unsplash

2. A Change in the Data Governance Landscape

2.A. The Rise of New Data Governance Frameworks

2.B. What is a Data Cooperative?

Photo by Pietro Jeng on Unsplash

2.C. Two innovative Data Cooperatives pushing consumer ownership of data are Savvy Coop and Driver’s Seat Cooperative

2.C.1. Savvy Coop: A Patient-owned Data Cooperative

Photo by Samuel Zeller on Unsplash

2.C.2. Driver’s Seat LLC: A Driver-owned Data Cooperative

Photo by why kei on Unsplash

2.D. Distributed Data Storage and Personal Data Stores

2.E. AXEL Network and SoLiD are giving consumers new-found control over how they share their personal data with third parties

2.E.1. AXEL Network

Photo by imgix on Unsplash

2.E.2. SoLiD

Photo by Michael Jasmund on Unsplash

Conclusion

Companies Mentioned

Author


References

Cryptolinks

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Ledgerback Cooperative

Written by

Member-driven research, analysis and innovation platform cooperative for decentralized and open thinking and systems (DOTS). Follow us at @ledgerback.

Cryptolinks

Must-Read Articles For Cryptocurrency & Blockchain Enthusiasts

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