GDPR + Morpheus Labs
Morpheus Labs announces GDPR Readiness Program
Overview
The European Union’s General Data Protection Regulation (GDPR) protects European Union data subjects’ fundamental right to privacy and the protection of personal data. It introduces robust requirements that will raise and harmonize standards for data protection, security, and compliance.
Morpheus Labs GDPR Readiness Program
The General Data Protection Regulation (GDPR), which goes into effect on May 25, 2018, provides data subjects with an array of privacy rights, which provide individuals with greater transparency into and control over uses of their personal information.
Morpheus Labs GDPR Readiness is part of its holistic compliance investments. Our main goal is to prepare our organization and platform to become GDPR compliant when our platform roadmap will achieve the commercialization phase.
How does it affect you as an individual?
The personal identifiable information that we have collected will be kept safe.
a. It will NOT be sold or given to any 3rd parties without your consent.
b. Access to this data is restricted to specific individuals with legitimate business and no other.
c. We will be seeking your consent if you would like to be included in our mailing list where we will send frequent updates on Morpheus Labs.
What are we doing as a business?
The GDPR readiness program is divided in two key drivers.
- Organisation readiness
We bear the primary responsibility for ensuring that our processing of personal data will be compliant with EU data protection law.
A Data Protection Officer (“DPO”) role will be created and a privacy related tasks will be assigned to manage internal processes and activities related to the processing of personal data. The progress and outcomes will be published to the community through our news channel and media publications.
- Platform readiness
Morpheus Labs, that is developing the Blockchain Platform As Service (BPaaS) accordingly with the published roadmap, has established that the product design and development will align with these privacy rights and the needed features and functionality will be made available in BPaaS to support a GDPR obligations as per Art. 16 GDPR:
- Transparency and Accountability
- Access and Rectifications
- Right to be Forgotten
- Restriction Processing
- Data Portability
While BPaaS platform is under development, Morpheus Labs has recently announced that Amazon Web Services (AWS) has been selected as secure cloud infrastructure provider to host the Morpheus BPaaS.
AWS complies with ISO 27018, a code of practice that focuses on protection of personal data in the cloud. It is based on ISO information security standard 27002 and provides implementation guidance about ISO 27002 controls that is applicable to personally identifiable information (PII) processed by public cloud service providers. Furthermore AWS. In addition AWS give to its customers the GDPR Data Processing Agreement (DPA).
Similar to the Organisation Readiness, the progress and outcomes for the Platform Readiness will be published through news and media channels. If you have any questions on GDPR, please write to us at info@morpheuslabs.io or join our official telegram chat here: https://t.me/morpheuslabs
Thank you
Morpheus Labs team
