Affinidi Unveils Iota Framework: Revolutionizing Data Sharing with Consent-First Approach

Affinidi, a Singapore-based data and identity management company, introduced the Affinidi Iota Framework at the WeAreDevelopers World Congress. This innovative framework prioritizes explicit consent, enabling individuals to selectively share data. It aims to eliminate the risks of data misuse and breaches, providing a secure, transparent, and user-centric approach to data sharing.

Affinidi, a Singapore-based data and identity management company, has launched the Affinidi Iota Framework at the WeAreDevelopers World Congress. This cutting-edge framework prioritizes explicit consent, empowering individuals to selectively share specific data points with a clear understanding of their intended use.

In the current digital landscape, individuals often share sensitive data with third parties without transparency or control, risking misuse and unauthorized access. Reports indicate that 60% of Asia Pacific consumers demand consent and communication on data use, reflecting a significant trust gap with only 30% of consumers trusting businesses. Existing solutions compound these issues by collecting and storing vast amounts of data, burdening developers with management and associated risks.

The Affinidi Iota Framework aims to change this, pioneering a new model of data privacy and security. It allows developers to request essential data points directly from individuals with explicit consent, eliminating the need to store non-essential information. This approach reduces storage burdens and minimizes risks, ensuring individuals maintain control over their data.

(With inputs from agencies.)