Facebook terms of service, once obfuscated by complicated, legalistic language, is going to state clearly how they provide services free of charge to consumers in return for agreement to share their personal data with third parties and used for targeted advertising.
One solution for addressing data privacy issues that’s getting a lot of attention, is the personal data marketplace powered by blockchain technology. But is this data marketplace really the right direction for data privacy?
California is putting a proposal on the table to force big tech to create a digital dividend fund to share revenue from any personal data monetization. Will this address increased demand for income inequality and government involvement in wealth redistribution?
Sir Tim Berners-Lee argues that nothing short of a ‘revolution’ will stem abuse of the Internet and a new Internet Charter, a new Magna Carta, is essential to force tech giants to take concrete action to reinvent how the Internet is monetized and regulated.
Many companies may now be afraid of data monetization because of concerns over potential privacy violations. There is also a growing concern over being legally compliant but still making customers unhappy or uncomfortable. Is differential privacy the answer?