Context :
( Business Line / 13
April 2022 )
Extract :
Russian cyber-security solutions company Kaspersky has said that it has
received a patent from the US authorities for a Blockchain technology that can protect personal data from illegal transfer and processing.
The technology would be
handy for Know Your Customer and
Client Due Diligence service providers, it said.
“Organisations can now refer to transaction records in the
Blockchain network to confirm parties’ consent to the transfer
and processing of personal data,” it
said.
“It
eases the data management process and ensures lawful sending and
processing of information. It also guarantees authentication
reliability of parties involved during data transfers and
ensures information confidentiality,” a Kaspersky executive said.
The US
Patent and Trademark Office issued a patent for ‘Systems and methods’ for sending user data from a trusted party to a third party using a distributed registry.
“Data management technologies are a rapidly emerging worldwide
trend. We were interested in developing methods that can contribute to the
safety of those solutions,” Alexander Sazonov, inventor of the technology at
Kaspersky, said.
“While working on the project, we solved this security problem
by providing the technical ability to confirm the transfer
of data while ensuring the protection of information by not storing it in the
blockchain,” he said.
Kaspersky’s
latest patent helps service providers comply with legal requirements regarding
the data safety protocols
they must adhere to and deliver on the commitments they make to their clients,
Sandra Lee, Managing Director of Kaspersky (Asia Pacific), said [ sandra.lee@kaspersky.com / sandralee@live.com.sg ]
Dear Shri
Ashwini Vaishnawji – Shri Rajeev Chandrasekharji :
In light of continuously – and rapidly – changing technology,
for some years now, I have been sending e-mails, urging Complete “ Re-Think “
on :
Ø Proposed
Data Protection Law
Ø Nebulous
/ evasive definition of Privacy
Ø Ownership of Personal Data and its monetization
Ø Forcing
Social Media to compensate
Users for their personal data
Ø Billions of “ Individual Contracts “ ( between Users and Social Media , entered
through “ I Agree “ clicks ), to be replaced by a few hundred SOVEREIGN
CONTRACTS
to be entered into between GOI and Social Media, enabling :
SARAL ( Single Authentic Registration
for Anywhere Login )….[ 10 Feb 2019 ]
of , what you have recently started
advocating :
Ø New
Legal Structure ?......................... [ 06 April 2022 ]
If you still have any doubt re the feasibility of the “ New Legal Structure “
proposed by me, I urge you to ask Kaspersky :
“ Can your ( patented ) innovation described above , form the FOUNDATION of the
new legal SUPERSTRUCTURE of Data Ownership – Storage – Usage –
Compensation – Transfer – Aggregation – Anonymization – Morphing – Collection
– Custody – Authorization – Login – Selling – Buying etc ? “
With regards,
Hemen Parekh / hcp@RecruitGuru.com / 16
April 2022
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