Putting data back into the hands of owners
Ever wondered why your physician owns the information from your blood work? Or why your dentist owns your x-rays. Or some financial services company owns your credit information? Most people forget that social media companies own the messages, pictures and videos that they post everyday.
he pervasiveness of this paradox is considerable. In healthcare, x-rays, lab work and diagnostic results of patients are owned by the facilities that administer them — yet the patient paid for the tests. In financial services, banks, lending institutions and various credit agencies own their clients’ information and charge them to view it. Online, an assortment of social media magnates owns every tweet, post and comment — and only begrudgingly returns them to their creators after many months, if ever.