{"id":54603,"date":"2023-12-12T19:40:53","date_gmt":"2023-12-12T19:40:53","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/web3-companies-create-universal-privacy-alliance-to-safeguard-digital-privacy-rights\/"},"modified":"2023-12-12T19:40:54","modified_gmt":"2023-12-12T19:40:54","slug":"web3-companies-create-universal-privacy-alliance-to-safeguard-digital-privacy-rights","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=54603","title":{"rendered":"Web3 Companies Create Universal Privacy Alliance To Safeguard Digital Privacy Rights"},"content":{"rendered":"<div>\n<figure id=\"attachment_141474\" aria-describedby=\"caption-attachment-141474\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-141474\" class=\"wp-caption-text\">Source: Pixabay<\/figcaption><\/figure>\n<p>A coalition of web3 companies have established the \u201cUniversal Privacy Alliance\u201d with the aim of safeguarding digital privacy rights.<\/p>\n<p>Nym, Protocol Labs, the Filecoin Foundation, Oasis, Aztec, and various other entities are part of the Universal Privacy Alliance (UPA). The alliance, with an initial fund of $150,000, is committed to influencing digital privacy policy and regulatory decisions, as stated in an official announcement.<\/p>\n<p>\u201cPrivacy is just as important online as offline, yet many of today\u2019s dominant internet platforms prioritize surveillance and data collection over people\u2019s basic rights and as the digital landscape expands, the need for accessible and secure privacy technologies becomes imperative,\u201d Nym CEO Harry Halpin said. \u201cThe Universal Privacy Alliance gives those of us building privacy-centric technologies a unified voice to advocate for policy reforms that protect security, anonymity and informed consent on the internet.\u201d<\/p>\n<p>The association is based in Switzerland and aligns with a call to action made by NSA whistleblower Edward Snowden during the ZK-House event in Bogota, where Snowden reiterated the United Nations\u2019 recognition of digital privacy as a fundamental human right.<\/p>\n<p>The UPA will champion technology that inherently prioritizes user privacy and security, the alliance noted. By embracing a \u201cprivacy by design\u201d principle, the alliance seeks to guarantee that digital interactions are not only secure but also safeguarded against unwarranted surveillance or commercial exploitation.<\/p>\n<p>The UPA will initially target the EU\u2019s eIDAS and Digital Services Act, addressing concerns about their impact on end-to-end encryption.<\/p>\n<p>Additional plans involve appointing a coordinator to spearhead lobbying initiatives, organizing significant events at key blockchain conferences such as EthDenver, and creating a legal fund to bolster privacy-centric practices.<\/p>\n<p>The alliance will also explore the possibility of adding smaller organizations through membership fees, which will be voted on by its general assembly.<\/p>\n<p>\u201cOur formalization as the Unified Privacy Alliance signifies our joint commitment to championing privacy rights in an increasingly digitized world,\u201d UPA founding member Will Scott added. \u201cWith a united voice, we aim to educate policymakers, empower smaller organizations and advocate for user-centric privacy practices in technology.\u201d<\/p>\n<p>Every founding member has contributed an initial amount of\u00a0 $15,000 to the UPA, resulting in a combined fund of $150,000 dedicated to immediate advocacy efforts. The alliance anticipates additional funding in the coming months.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em>Enter your email for our Free Daily Newsletter<\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span><\/p>\n<div class=\"recaptcha-text\">\n        This site is protected by reCAPTCHA and the Google<br \/>\n        Privacy Policy and<br \/>\n        Terms of Service apply.\n    <\/div>\n<\/div><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/web3-companies-create-universal-privacy-alliance-to-safeguard-digital-privacy-rights.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Pixabay A coalition of web3 companies have established the \u201cUniversal Privacy Alliance\u201d with the aim of safeguarding digital privacy rights. Nym, Protocol Labs, the Filecoin Foundation, Oasis, Aztec, and various other entities are part of the Universal Privacy Alliance (UPA). The alliance, with an initial fund of $150,000, is committed to influencing digital privacy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-54603","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Web3 Companies Create Universal Privacy Alliance To Safeguard Digital Privacy Rights | Prosfunds<\/title>\n<meta name=\"description\" content=\"Source: Pixabay A coalition of web3 companies have established the \u201cUniversal Privacy Alliance\u201d with the aim of safeguarding digital privacy rights. 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