Financial incentives violate consent for personal data — Privado ID
Privado ID co-founder Evin McMullen warned against short-term thinking for quick economic gains and compromising ethical standards.
As debates surrounding the collection of biometric data and digital ID systems continue to foment, Evin McMullen, co-founder of Privado ID — a decentralized blockchain ID system — told Cointelegraph that offering financial incentives for personal data violates informed consent.
According to the executive, individuals in emerging market economies are particularly impacted by financial incentives in return for providing biometric data to firms. McMullen added:
Multiple governments have voiced data safety and ethical concerns over the collection of biometric data in their countries, which has led to governments banning or placing restrictions on digital ID systems harvesting data from residents.
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Author: Vince Quill
