A Coalition of Web3 Companies Launches the Universal Privacy Alliance
A coalition of web3 companies has established the Universal Privacy Alliance (UPA) with the goal of protecting digital privacy rights. The UPA includes entities such as Nym, Protocol Labs, the Filecoin Foundation, Oasis, and Aztec, among others. The alliance has an initial fund of $150,000 and is dedicated to influencing digital privacy policy and regulatory decisions.
Advocating for Privacy Rights in the Digital Landscape
The UPA aims to prioritize user privacy and security by championing technology that incorporates a “privacy by design” principle. This approach ensures that digital interactions are secure and protected against surveillance or commercial exploitation. The association is based in Switzerland and aligns with Edward Snowden’s call to recognize digital privacy as a fundamental human right.
Key Objectives and Initiatives
The UPA will initially focus on addressing concerns about the impact of the EU’s eIDAS and Digital Services Act on end-to-end encryption. The alliance plans to appoint a coordinator to lead lobbying efforts, organize events at blockchain conferences, and establish a legal fund to support privacy-centric practices. The UPA also intends to explore membership fees for smaller organizations and welcomes their participation through voting.
A Unified Voice for Privacy Rights
The founding members of the UPA have each contributed $15,000, resulting in a combined fund of $150,000 dedicated to immediate advocacy efforts. The alliance expects additional funding in the future. UPA founding member Will Scott emphasizes the importance of a united voice to educate policymakers, empower smaller organizations, and advocate for user-centric privacy practices in technology.
Hot Take: Web3 Companies Collaborate to Protect Digital Privacy Rights
A group of web3 companies has formed the Universal Privacy Alliance (UPA) to safeguard digital privacy rights. The alliance, consisting of organizations such as Nym, Protocol Labs, and the Filecoin Foundation, aims to influence digital privacy policies and regulations. With an initial fund of $150,000, the UPA is committed to prioritizing user privacy and security in the digital landscape. By advocating for a “privacy by design” approach, the alliance seeks to ensure secure and protected digital interactions. The UPA will focus on addressing concerns about the EU’s eIDAS and Digital Services Act and plans to appoint a coordinator, organize events, and establish a legal fund. The founding members have already contributed $15,000 each towards immediate advocacy efforts.
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