External Link - Source: USA Today
During his State of the State address last month, California Gov. Gavin Newsom made a brief, if bold, promise.
“California’s consumers should be able to share in the wealth that is created from their data,” said Newsom, who went on to add that his team was working up a proposal for what he called a “data dividend.”
The term was simple, self-explanatory and puzzling.
A law that would compensate consumers for the use of their data by tech monoliths such as Google and Facebook, who make billions off this information, is so novel it would be a national and indeed global first.
But as appealing as a data dividend might sound, data privacy experts say it is far more easily announced than implemented.