Brave Browser Exec: GDPR is Kryptonite to Google & Facebook

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Brave browser has described the core principle of General Data Protection Regulation (GDPR), which is the most important change in data privacy within the last 20 years, and can be utilized to prevent anti-competitive behavior by Facebook and Google.

The CEO of Brave, Brendan Eith, has repeatedly requested that the US Senate adopt the EU regulatory policy (GDPR). The company highlights the importance of having the GDPR in this digitized world in order to allow for a level playing field for all technology firms and curve the competitive tendencies of other tech companies.

Dr. Johnny Ryan, the Chief Policy and Industry Relations Officer, states that the purpose of the GDPR is to allow people the opportunity to choose to opt in to whatever service they decide to use and forbid companies from automatically opting a person into services where their browsing details are collected.

This does beyond what each individual has already opted in for. The GDPR will prevent tech companies from automatically leveraging personal data that they’ve collected for one purpose, in order to solely place their competitors at a disadvantage.

The Implication for Tech Giants and Smaller Companies

According to Dr. Ryan, Facebook and Google currently take advantage of concentrated data power, which exploits their position to engage in offensive leveraging. Without regulation, their position will most likely be on interrupted and become the model to be emulated for future tech conglomerates.

The GDPR, when enforced, places limitations on dominant platforms like Facebook and Google. The statute prevents its companies from collecting data from one sector of their business in order to use it within another. This type of data collection dramatically benefits large tech companies and is a massive obstacle to overcome for smaller startups which are attempting to try to gain a foothold within the industry.

GDPR has positive economic implications for smaller companies and new tech startups by creating a competitive platform in order for all companies to compete on the same level playing field. This also allows consumers to decide on what their data is to be used for instead of having it decided for them.

Author: Cryptobonx

Cryptobonx is a Crypto –Currency and Blockchain Enthusiast.He is a believer of transforming complex information into simple, actionable content.

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