We all use mobiles, we all use the internet, we all have private data. If companies are using our private data to sell or improve their business, shouldn’t we also benefit from it? Could this work?
I read this interesting article the other day in Quartz by Marc Guildimann called “The free market can actually help us control our privacy”. He writes that if we are the holders of our private information, why not monetize it? Why not supply it at a cost? Why not use the already existing market for data to our advantage? He makes a very interesting point. So why don’t we?
Well, there are a few issues that I can think of.
The next problem we are faced with is if we don’t allow them access to our information, can we still use their service? Yes, well, sometimes… We can control their access after the fact if they’ve allowed us to. Some just will stop working without the proper permissions. It’s an all or nothing scenario.
“In these times, personal data is a currency. Without users, platforms are irrelevant. We need each other for this ecosystem to work.” MyPermissions
Okay, so taking that all into account, how willing are you to sell your private information? Are you already thinking “but at what price?” There are some companies out there already offering something in return for our personal data. There are some great causes like with Enliken that donates the money to charity or receiving $1 a month with Money For My Data. Either way the going rate is pretty low. Are you really going to sell your data for $12 a year?
Our personal data is ours and ours only. Companies are using it freely for their own benefit. It’s up to us to tell them that our privacy is worth something or that it’s off limits!
Do you agree? Share your thoughts below 🙂