Blog

Uncategorized

Consent Token lets you make decisions about your privacy

Consent Token co-founder Prof. Mindaugas Kiskis on how we can make decisions about our privacy and demand a share from businesses profiting from our data in TechFruit.com post Profiting from your privacy – outrageous or innovative.

Privacy is a complicated concept in current environment, where businesses profit because they collect, process and use our personal data. Though the prevailing narrative is pro privacy, many people themselves do not care that much about their private data. This makes all of us complicit in enabling data brokers and other business to grab our data whenever they can. Government regulations do not help either – they fine big businesses for mishandling personal data, but they offer nothing for those who were wronged – individual data subjects. We need a totally different approach – allow people to make decisions about their private data and demand a part of profit from the businesses, who already profit from privacy. Consent Token offers one way to give power back to the people. Individuals do not have to sell their data – it is enough to control consents for data processing in exchange for part of the value.

Read more.

Uncategorized

Why Consent Token is a different blockchain application

Consent Token co-founder Dr. Auste Kiskiene on why Consent Token is a different blockchain application in BTCNN.com post Consent Token: Blockchain application built for your privacy.

We at Consent Token believe, that blockchain desperately needs breakthrough innovations. Not in technology itself, but in its applications and business models. It has to become a must-have, something we are committed to and motivated to use. It has to disrupt our usual ways. Current user motivation of blockchain projects is shaky at best. It quickly ends with the drop of the value of coins and tokens.

Consent Token is a different kind of project. It connects user entitlements with obligations. It has a direct connection with the real-life implications. Consent Token is not only a token, which will earn you value, it is also your legal consent for personal data processing by others – members of the Consent Token Network. You get Consent Token – you give your consent and earn value from it. You sell Consent Token – you cancel your consent and, again, earn value from the sale. This way you manage who gets an access to your personal data: you easily grant and cancel your consent, and you know who has obtained your consent and what type of personal data is processed. You also get a share from the value your personal data is creating to businesses around the world.

Read more.

Uncategorized

Consent Token co-founder Prof. M. Kiskis on consents and…

Consent Token co-founder Prof. M. Kiskis explains Consent Token idea in the Coinannouncer: BUSINESSES PROFIT FROM MY DATA, HOW CAN I PROFIT FROM THEM?

There is no business today that does not grab your data. They all profit from it. Some just a bit. Some handsomely. Some entirely depend on it. A lot of research and estimates show that business of our data is worth billions.

This is not going to change through new regulation. But if we cannot change this, maybe there is a way for us to tap into the value of our data? Researchers and entrepreneurs have been looking for ways to do this since early 2000. Most look for ways to allow you sell your data directly. Early trailblazers tried selling own data on EBay. More recent attempts offer paid non-anonymous surveys, data repositories allowing access for businesses, ways to open up your social media accounts, data wallets, data exchanges, you name it.

These attempts are limited in success and create problems of their own. In short, to get any significant value from data, huge data sets, many buyers and market pricing are needed, but are not offered by current data sales platforms.

This does not mean that data sales and transfers are not viable in principle. They are flourishing behind our backs! They only stall, when us, the data subjects, are directly and lawfully involved. They work well enough when we are not, but then we are left out empty-handed, while data businesses profit.

Consent Token offers a different approach to this problem. Instead of selling data, we need shortcuts to data. Shortcut to data is a consent. In other words, we need a way to grant consents for data processing and a way to manage such consents. Consent is also a shortcut into data value.

There are more than enough efficient ways to collect and process our data. We do not need to fix them, we just need to authorize them with a consent in exchange for part of the value.

Consent Token is simple. You grant consent by obtaining Consent Token. The Consent Token is your consent. You hold it, you grant consent. You sell it, you cancel consent. Consent Token records all grants, cancellations (sales) and user id on the blockchain.

To get your consent businesses have to buy the Consent Token on a free market, while you get it free. Consent Token incentivizes you to participate. You hold, you earn interest. You sell some tokens, you earn. That easy. Businesses will be attracted to buy the Consent Tokens simply because there are no efficient alternatives.

Consent Token does not deal with data itself. Our innovation is in consent management and value sharing with the consenter. We won’t change the ways that the data industries deal with your data, but we allow them to operate under your consent in exchange for some part of the value that they are creating.

Read more.

Uncategorized

Hello World!

We are excited to introduce the Consent Token!

Consent Token aims to be the first smart consent platform, which allows sharing consent value between data subjects (individuals) and data controllers (businesses). The Consent Token Green Paper is a result of years of experience working in privacy, personal data protection, information and knowledge management fields.

Context

There is no doubt that personal data is very valuable. The problem is that individuals are not benefiting from it themselves. Many businesses, some legal, some questionably legal benefit from it. Current business personal data processing practices are far from perfect. Many businesses try to implement complex solutions for personal data, yet there are many actors, who process data without consent and without any knowledge of the data subject.

Existing tools do not allow the individual to profit from their data. Some pay pennies for you to answer surveys or open up your social media profile, others try to collect your data from different sources and process it for insights.

We believe this is all wrong. Selling your data individually is not going to make you rich. You need huge data sets and many buyers to make anything significant. Moreover, accumulating huge data sets is a well known security risk.

What if you can sell shortcut to your data, rather than the data itself? In data protection world such shortcut is your consent. In fact it is already needed for many types of personal data processing. In order to perform some operation with respect to the consenter, the data controller must have a valid consent.

Existing consent granting and processing solutions are not exciting to put it politely. The consenter does not participate in consent processing, there are no simple and easy ways to grant and cancel it. Most importantly they do not allow you to tap into the billion dollars that personal data is worth.

There are no projects, which would attempt to create easy to use, transparent and fair system of managing (granting/cancelling on the consenter side and obtaining/maintaining records on the business side) consents for personal data processing. Also, no projects allow consent value sharing between individuals and businesses.

Disruptive concept

Consent Token changes this. We offer a shortcut to personal data, and we make it accessible to millions of businesses at once. Thus, we open up the value of the data.

We propose a novel legal and technological approach – network consent and consent value sharing. Blockchain technology allows consent grants, cancellations and processing on a secure global network. It eliminates the trust barrier between network members, and allows consent value growth and sharing among participating parties.

Consent Token is your consent. When you obtain Consent Token, you automatically grant consent for your personal data processing to all Consent Token Network participants. When you sell your Consent Token, you automatically cancel your consent. That’s it!

Individuals get Consent Token for free and earn as the Consent Token value increases. You also get interest on the Consent Token that you hold!

We bet many businesses will line up to get your consents – i.e. buy Consent Tokens from you! And the more the merrier, since consents are now required for almost all businesses.

Consent Token team is working hard on making the Consent Token a reality. We seek feedback to our concept as well as we invite collaborators, who share our approch.

Reach out to us and let’s make it happen together.