Data Privacy Protocol Alliance Forms To Build A Decentralized Data Ecosystem
More than 20 businesses worldwide have announced the creation of the Data Privacy Protocol Alliance (DPPA), to build a decentralized blockchain-based data ecosystem that provides consumers control of their data and competes against the entrenched data monopolies.
Ownership of our personal data is the cornerstone of a future where data privacy is inherent, and data monetization is available. According to a recent BIGtoken survey of more than 35,000 consumers, 78 per cent said they’re somewhat concerned or extremely concerned about their data privacy.
And they should be. Today, the manner in which data is aggregated and used is opaque. While steps have been taken regarding consumer data collection standards, data privacy policies and adherence, and permission-first monetization, all current solutions are centralized and increasingly dominated by the “Big Tech” monopolies. The creation of the DPPA brings strength in numbers as they come together to build a data ecosystem based on transparency and the consumer’s right to control their personal data.