'Consent architecture' required for data sharing: MAS official
India needs to empower its citizens by framing a "consent architecture" in data sharing and it is also one of the key flaws of Aadhaar-enabled services, a senior official from the Monetary Authority of Singapore said today.
"Citizens must be empowered to decide what data is going to be shared with the entities. You must bring back power of sharing data with the citizens," chief fintech officer of the MAS, Sonendu Mohanty, said here this evening.
"If I can slightly criticise India's policy around that, what Aadhaar is facing itself is the lack of clear consent architecture," he said.
He was speaking at the inaugural Mumbai Fintech Festival here.
In the remarks that come within a week of the European Union passing the General Data Privacy Rules that focus on consent, Mohanty said presence of such rules can also help Aadhaar grow much bigger.
He said the citizens must have the power to "opt in" or "opt out" of any requirement.
Amid a huge bogey around data sovereignty, Mohanty exhorted governments not to insist on making any data reside within a political jurisdiction after taking care of individual privacy concerns.
Addressing the gathering, Maharashtra Chief Minister Devendra Fadnavis said as a child, he used to watch a lot of mythology-based television shows because of the miraculous feats pulled off by some characters in them.
However, technology has made what would have been termed as a miracle in the past, a reality now, the CM said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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