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Showing posts with the label data privacy network

California Consumer Privacy Act Explained

Consumers’ personal information is getting exploited more often than ever! One of the most recent examples of this is the Facebook scandal where information of around 540 million user accounts was compromised. The breach of personal information is not limited to any particular industry. It is happening across all sectors and all parts of the world.  Since 2018, Omnibasis empowered companies to comply with the GDPR laws passed in Europe. While the United States congress is debating on what to do, California is taking the lead in protecting consumer data from getting exploited and to make consumers feel more secure about their personal information collected by businesses. For that purposes new law has been introduced in California, United States and it is known as the California Consumer Privacy Act . The purpose of this new law is to make all businesses accountable for their handling of your personal data and to ensure they take the appropriate steps to monitor and protect the p...

Join in modernizing data privacy with the Blockchain

Join the Data Privacy Network. Together, with enterprises, consumers, integration partners and payment providers we'are meeting the Internet's challenge to protect consumer data privacy. The Omnibasis platform uses the Blockchain for mission-critical data. The platform eliminates the opportunities for fraud and lack of transparency when it comes to the access to private data and in turn, removes the incentive to misuse private data. Omnibasis cloud based platform creates a Circle of Trust between businesses, consumers, integrations partners and payment providers. Personal Data Access is secured by Blockchain and Smart Contracts. Within the Circle of Trust, personal data can only be accessed and shared with the consumers consent and explicit permissions that are managed by contracts securely stored on the Blockchain. Trusted Data Privacy Network For Enterprise - b usinesses large and small, have to comply with new more stringent laws requiring them to protect consume...