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Govt. to promote business using personal data www3.nhk.or.jp
The Japanese government plans to create an "information bank" to tap the huge archive of personal data on the Internet in a bid to promote new business. This comes amid the rapid growth of IoT, or Internet of Things, technology.
According to a proposal compiled by an industry ministry task force, the bank will serve as a data broker for people who agree to share personal information.
The ministry group plans to design a data distribution mechanism and the legal framework.
They say the proposed bank would allow companies to develop new services. For instance, an automaker could share GPS data on vehicle movement with an insurance firm.
The insurer could then use that information to provide policies tailored to the specific needs of individual motorists.
Some of the information could be quite personal in nature, including data on assets and health.
The task force members say they will consider working with private-sector firms to design a secure way of handling such information.
Published Date:2016-11-08
