Data Property Ownership

Data is a hot commodity.

 

The digital realm has ushered in an era where individuals and businesses alike generate vast quantities of data, from personal information to consumer behavior insights; from trade secrets to intellectual property. Consequently, a profound debate has emerged about who should own and control this valuable resource. At the heart of this discourse lies a fundamental tension between individual privacy, corporate interests, and societal benefits.

 

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Are privacy laws doing enough?

 

The right to privacy, a cornerstone of modern democracies, suggests that individuals should have agency over their personal information and be able to determine how it is collected, used, and shared. Yet, the proliferation of digital platforms has blurred the lines between personal and corporate data. In the digital age, users often unknowingly trade their personal information for access to free services, complicating the question of data ownership. 

 

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The Answer is Data Property Ownership. 

 

The creator of the data owns the data; the data is not shared with anyone without expressed, intentional, situational consent in exchange for consideration. This is the legal and privacy framework upon which the Commercial Trust™ Protocol and the entire PCN platform is built.