The Virginia Consumer Data Protection Act (VCDPA) was introduced this week and will ensure that companies acknowledge Virginia residents’ privacy rights. Web 3.0 and blockchain technology adds an additional mechanism for consumers to protect their data.
“Virginia Is For [Data Privacy] Lovers: Introduction to Virginia’s New Consumer Protection Law,” The National Law Review- December 7th, 2021
Virginia introduced a new consumer protection law this week. Virginia is one of three states (Colorado and California) to enact a comprehensive data privacy law. This new law, the VCDPA, includes similar components to the California Privacy Rights Act (CPRA) protects the data privacy rights of its citizens. This law will go into effect on January 1st, 2023.
“Why More and More Companies Are Embracing Web 3.0,” Entrepreneur- December 11th, 2021
One of the missions of Web 3.0 is to enable data ownership to be returned to consumers. Web 3.0, which utilizes blockchain technology, optimizes the storage, transparency and protection of data. Ultimately, Web 3.0 can help solve consumer privacy concerns and help determine who can own and profit from their data.
Both GrubHub and Porsche want to ensure that their customers’ data is protected. GrubHub is suing New York City over current regulations, while Porsche is leading the way, adopting their own privacy policies that go beyond current regulations.
“Porsche Adopts New Data Privacy Strategy That Seeks To Go Beyond Regulatory Requirements,” Carscoops- December 12th, 2021
Porsche declared this week that it is adopting a new four-pillar policy to protect customers’ data. Porsche strives to “go beyond meeting compliance standards to offer its customers full data privacy as a selling point.” The company hopes that more big tech companies will follow suit.
“Grubhub Latest Delivery Company to Challenge NYC Data-Sharing Law,” Bloomberg Law- December 12th, 2021
Grubhub has filed a lawsuit against the City over a new law that requires delivery companies to share personal customer data with their restaurants. The delivery services argue that the information demanded is a clear intrusion of customer privacy and will also expose unnecessary trade secrets of the delivery companies. Grubhub is the third food delivery platform, following Uber Eats and DoorDash to sue NYC.