Data ownership registration should be preserved on chain for a minimum of 30 years, China’s Shenzhen government said in a draft proposal of its data property rights registration regime published on Monday.
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- Under the proposal, data owners can claim property rights of their data that have been consensually collected by businesses and their derivatives by filing a registration with the relevant authorities.
- After registration, data owners will receive a certificate of ownership for “data property,” which can be traded in the data market or used as assets for financing and accounting purposes.
- Last December, China published guidelines to build a regulated data market, laying out plans for a regulatory framework on data ownership.
- Shenzhen is soliciting public opinions on the draft until Mar. 17.
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