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Homepage > News > Business > Filipino visionaries use blockchain for data control In a world where data is becoming the most valuable commodity, two Filipino visionaries are revolutionizing how individuals control and benefit from their digital footprint. Harvard and MIT graduates Art Abal and Anna Kazlauskas have co-founded VANA, a blockchain platform that aims to democratize data ownership and empower individuals, especially in emerging markets like the Philippines. The rise of enterprise blockchain technology in the data economy Enterprise blockchain technology is rapidly becoming an essential tool for handling data in an increasingly complex digital landscape. Unlike traditional, centralized data systems controlled by a few corporations, blockchain allows for decentralized data ownership, ensuring that data is managed transparently and securely. (From Left to Right) Vana founders Art Abal and Anna Kazlauskas In the context of artificial intelligence (AI), which relies heavily on vast datasets, enterprise blockchain can help individuals reclaim ownership of their data and participate meaningfully in the AI economy. VANA’s founders believe blockchain technology can level the playing field, ensuring fair compensation for data contributions and promoting a more equitable digital ecosystem. The legal mind behind data governance Abal’s journey from the offices of a global law firm to shaping national policy in Timor-Leste has uniquely positioned him to rethink how data governance should function in the AI age. His experience advising governments on building institutions from scratch, particularly in Timor-Leste, laid the groundwork for his approach to VANA’s decentralized data platform. “In my legal career, particularly while advising on the formation of Timor-Leste, I focused on designing institutions that ensure fairness and equality for everyone. These principles translate directly into my approach to data governance,” Abal explained. “Data today is heavily centralized, leading to biased outcomes like algorithms that prioritize consumerism over societal good. If we…

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Filed under: News - @ September 26, 2024 7:21 am