Cere Network starts on complying with data protection regulations
Introduction
The usage and protection of personal data and privacy have come into the focus as increasingly sophisticated. Users demand transparency on how their personal data is being used and safeguarded by institutions and businesses alike.
This heightened regulatory scrutiny of personal data usage is a macro trend that will persist in the foreseeable future, and it’s one that enterprises should take heed.
Cere Network, as an enterprise-focused, decentralized, interoperable blockchain network, is uniquely positioned to play a crucial role within the data protection and regulatory framework space for its enterprise clients through the Cere Decentralized Data Cloud (Cere DDC), as well as other related products.
Data Protection Regulatory Framework
Europe has taken the lead in regulating the protection and usage of personal data with the ratification and implementation of The General Data Protection Regulation (GDPR) in 2016.
GDPR has served as the model for other countries or regions in implementing their own versions of a data regulatory legal framework, such as in California with the California Consumer Protection Act (CCPA).
More recently, the EU is proposing another major piece of data protection legislation that seeks to further define a standardized framework for sharing and re-using personal data with trusted tools and techniques, as a part of its greater data strategy. The new framework seeks to boost data reuse to support a new generation of data-driven services powered by data-hungry artificial intelligence, as well as encouraging the notion of using “tech for good” by enabling “more data and good quality data” to fuel innovation with common public good, such as better disease diagnostics, and improving public services.
The Cere Solution
How can Cere Network help enterprise clients streamline and operate within these data regulatory frameworks?
As an enterprise-focused, and cloud-native platform, Cere Network takes data governance seriously — the process of managing the availability, usability, integrity, and security of the data in enterprise systems, based on internal data standards and policies that also control data usage. Effective data governance protocols on Cere ensure that data is consistent, trustworthy, and doesn’t get misused or compromised.
More specifically, Cere DDC empowers enterprises with the tools they need to participate in the data economy, such as managing the availability, usability, permissions, integrity, and security of the data in enterprise systems. We see the following areas as specific ways in which Cere Network and Cere DDC can help enterprise clients adapt to these new data protection regulatory frameworks.
Trustless Data Sharing
One of the emphases of the new EU landmark data protection legislation is in how data is shared across multiple relevant parties. The proposal envisages a framework enabling the sharing of data that’s subject to data protection legislation — which means personal data; where privacy considerations may restrain reuse — as well as industrial data subject to intellectual property, or which contains trade secrets or other commercially sensitive information.
Cere will natively implement a number of multi-party computing techniques such as federated learning to allow decentralized collaboration without exposing privacy-regulated customer data to the party analyzing (part of) the data. Federated learning is a machine learning technique that trains an algorithm across multiple decentralized devices or servers holding local data samples, without exchanging them. This stands in contrast with traditional, centralized machine learning techniques where all the local datasets have to be uploaded to a central server, potentially exposing sensitive information.
Federated learning techniques adopted by Cere allow multiple distributed peers to build a shared, robust machine learning model, without sharing any sensitive personal data, allowing businesses to leverage the latest machine learning techniques, and be in full compliance with regulatory oversight.
About Cere Network
Cere Network is the first decentralized data cloud platform in alignment with Polkadot, optimized for service data integration and data collaboration. While most enterprise blockchains are simply distributed ledgers, the Cere DDC platform is built from the ground up to power the new generation of first-party customer data ecosystems. Harnessing similar goals to cloud platforms like Snowflake, Cere’s DDC platform is delivering on a new decentralized level of data privacy, data agility, and data interoperability.
📰 INFO
https://blog.cere.network/cere-and-data-protection-regulation/
