Vasant Dhar reports:
On Aug. 24, 2017, India’s Supreme Court issued a landmark judgment declaring privacy to be a fundamental individual right. In response, a committee headed by a former Supreme Court justice drafted a data protection bill to be presented to parliament later this year. The measure introduces a new type of entity, a “data fiduciary,” which will ensure that data is used for designated purposes only. Just as a financial fiduciary is bound to act ethically in the best interest of the client, similarly, a data fiduciary — which will be one or more regulated entities — will ensure that the user has approved any transaction using his or her data, via an app.
That innovation may be useful elsewhere, given that data-driven artificial intelligence platforms are spreading across our lives, cutting across transportation, law enforcement, finance, defense and governance.
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