NEWPORT BEACH, Calif., June 14, 2021 // Crown Sterling Limited LLC., a leader in data sovereignty technologies, has established a “Data Bill of Rights” declaring digital assets to be the intangible personal property of consumers (known as “original producers”).
Crown Sterling Limited is a leader in formally recognizing the right for consumers to own, protect, manage, and monetize their digitally produced data.
The “Data Bill of Rights” declaration proposes that data, created by the individual, be recognized under the same laws and protections as personal or intellectual property:
“We believe that digital assets are the intangible personal property of the original producer and therefore are protected by the United States Constitution, including the 4th and 5th Amendments; the United Nations Universal Declaration of Human Rights, including Articles 12 and 17; the Charter of Fundamental Rights of the European Union, including Articles 7 and 8; and the European Convention for the Protection of Human Rights and Fundamental Freedoms, including Article 8.”
Since the early stages of the internet, online communication has revolutionized search engines, social media, and e-commerce which has allowed digital assets such as personal data to be unintentionally and freely relinquished by consumers, often to companies that had previously paid for or requested that information. These digital assets are regarded as “intangible property” and should be subject to the same regulations that govern property law rather than privacy law. According to Brittany Kaiser, data ownership and Crown Sterling Advisory Board member, privacy laws are insufficient to regulate such intangible assets, “we don’t have national federal privacy law in the United States.”
“With Data now globally recognized as the world’s most valuable asset, the stakes have never been higher and we believe that only individual consumers have the right to own, control, monetize and ultimately determine their digital destiny,” said Robert E. Grant, Founder and CEO of Crown Sterling Limited LLC.
Continued advancements in digital technologies have eliminated any sense of consumer privacy or control in relation to other commonly regulated tangible contexts. Most companies have been operating in a largely unregulated space, delegating the role of consumer consent to confusing user agreements meant to conflate freedom of access with personal privacy. The lack of solid encryption and data security also leaves individuals vulnerable to data and identity theft, costing a collective untold millions in time, money, and assets.
About Crown Sterling Limited LLC
Crown Sterling’s mission is to empower individuals to claim, protect, and control their data in an era of largely unregulated Big Tech vulnerability and monopolization. Crown Sovereign (CSOV) utility token enables users to access the novel product suite, including quantum-resistant cryptography and NFTs, end-to-end encrypted messaging, and other future data compression technologies. The Crown Sterling Chain is an independent high-speed Layer 1 solution built using Polkadot’s Substrate framework. With CSOV token and ecosystem, users can also encrypt personal data, including geolocation and browsing history, and convert that data into NFTs with the option to monetize it on exchanges. With data emerging as the world’s most valuable asset, Crown Sterling looks forward to ushering in a new paradigm of Personal Data Sovereignty.