Think you own the data you create in the digital environment? Think again.
The News Lens
By: Olivia Yang
People nowadays are constantly posting on Facebook, Instagram, Twitter and all
kinds of social media platforms. But who owns the data generated on these platforms? Or on a larger scope, who has ownership over data created in the digital environment?
Taiwan-based startup Bitmark believes there is currently an unbalanced relationship between companies and individuals in the digital environment. People don’t realize there is an ambiguity in ownership over data, and therefore losing opportunities to create wealth through their digital assets.
Bitmark is aiming to change this.
“I want you to have freedom over your data. This means is you can choose. Do you want to protect it? Or do you want to sell it? It’s your choice. You’re in control,” says Sean Moss-Pultz, CEO of Bitmark. “Until the individual can own data, there won’t be much wealth created.” [FULL STORY]