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China’s Shenzhen City To Stamp Data Ownership on Blockchain

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.

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.

(By TOM ZUO)

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