Opening the stacks
Opening the stacks
A framework proposing that individuals have rights to possess, control, and dispose of their personal data, similar to property rights in financial markets.
2 chapters across 1 book
The chapter explores the critical role of trust in digital societies by presenting innovative architectures like OPAL and ENIGMA that enable privacy-preserving data insights without sharing raw data, addressing challenges of privacy, security, and data siloing. It situates these technologies within the broader context of the New Deal on Data and the UN Data Revolution, emphasizing the transformative potential of trustworthy, real-time data combined with algorithmic decision-making to enhance governance, accountability, and societal wellbeing through a new social contract around data sharing.
The chapter 'The New Deal on Data' proposes a transformative framework recognizing personal data as an individual asset class, advocating for ownership rights that empower users and enable secure, equitable data sharing. It critiques the current fragmented and inefficient data ecosystem, emphasizing the need for institutional controls—legal, technical, and business safeguards—to balance privacy, economic interests, and public good. The framework promotes concepts such as living informed consent, trust networks, and scenario-based governance, encouraging incremental adoption to modernize data ownership and unlock societal benefits.