The Concepts of MyData

The concept of MyData has not yet been used in an agreed sense. MyData has a multi-layered concept. That is because it includes meaning as data, right, and movement.

First of all, MyData is just my data, that is, personal data. As data, MyData can be classified according to natural, legal, and social activity. Data such as an individual’s body, age, gender, and name belong to the natural domain. On the other hand, legally, MyData is currently personal data mainly applied only in credit information management in Korea. They can also consider that occupations, religions, and political orientations revealed through individual social activities include.

MyData is a way to obtain maximum profit while minimizing infringement on an individual’s private domain by giving an individual who is the subject of data the right to self-determine how to use my data. It is to enable the collection and use of personal data. Here, the object to be protected by the right to self-determination of personal information is not the protection of personal data itself but the right of decision and control related to personal data processing. Therefore, personal data that each individual is not under self-control cannot be called MyData.

MyData provides individuals with practical means to access, acquire, and use data packages containing their data — their purchase data, communication data, medical records, financial information, and data extracted from various online services. Besides, organizations (corporations or institutions) that hold personal data should strive to at least exceed legal requirements to give individuals control over their data. Therefore, MyData also has the meaning of a new practical movement to change the paradigm from the current organization-centered system to a human-centered system in personal data management and processing.

Central Banker, Data-Drivener, MyData Activist and to-be-Poet.