Datafund connecting with the MyData initiative
On the one hand, Datafund is about giving the individual control over their own personal data. For them to be able to use and share the data on their own terms and with whomever they want, but for a proper compensation. We believe that in the digital age freedom begins with truly owning your personal data.
On the other hand, Datafund wants to enable companies easier access to consumer data and to use it in a legally compliant, ethical way. The coming GDPR regulation is putting relationships between individuals and companies into a new context — personal data are becoming digital assets. An ecosystem will form that will contain three primary types of entities — the data owners, data users and many different kinds of service providers.
Datafund is about enabling this ecosystem through a decentralised protocol that will properly incentivise all the stakeholders to the ethical use of personal data.
We came across the MyData initiative’s webpage a bit too late to join their 2017 conference, but found that the topics they covered align with our interests very well — GDPR, ethical processing of data, technological aspects of data processing, evolution of personal data markets — to name just a few. MyData is also all about empowering the individual with their personal data — giving them the fullest possible control over this “asset”. The goals of MyData can be better understood through reading the Declaration of MyData Principles. We have translated it to our mother language — here it is in Slovenian.
MyData also covers the general technological aspects of how personal data should be exchanged. The general idea is that different actors can exchange personal data for different uses, but the individual is always at the “centre” of the exchange, in the sense that they have to consent to the data exchange. The infrastructure is nicely explained in the whitepaper. This connects with the first phase of Datafund project development, where we will enable consent management between individual and companies.
The MyData community engages in meetups all over the world via its local hubs programme, discussing local specifics of each particular location. And while the movement originated in the Nordic region, it is quickly spreading across the globe — showing the rising global importance of personal data management.
Attending the Aarhus meetup, we found the community very well organised, open, democratic and worried about the future of personal data.
At Datafund, we are looking forward to the MyData 2018 conference, where we expect to find a large number of interesting and motivating talks focused on the topics of personal data. There will be multiple tracks covering: case studies & business models, initiatives for public good and social justice, interoperability, data portability, personal data management and the the future of personal data use. Why don’t you join us with a talk of your own — the call for proposals is open.
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