Blockchain and the Personal Data Protection Act 2010 (PDPA) in Malaysia

Baskaran, Hasventhran; Yussof, Salman; Rahim, Fiza Abdul; Bakar, Asmidar Abu

doi:10.1109/icimu49871.2020.9243493

Cited by 8 publications

(10 citation statements)

References 5 publications

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“…Blockchain is a decentralized and distributed digital ledger, enabling secure and trustful peer-to-peer transactions. It is the underlying technology for cryptocurrencies such as Bitcoin and also the basis for the tokenized economy, publicly referred to Web 3 [49]. The most prominent blockchains such as Bitcoin or Ethereum are public and permissionless.…”

Section: Blockchain Platform Typesmentioning

confidence: 99%

The Significance of Blockchain Governance in Agricultural Supply Networks

Kramer¹,

Bitsch²,

Hanf³

2022

Sustainable Agricultural Value Chain

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Firms in the agri-food sector have started implementing blockchain technology to both provide transparency over the supply chain transactions and to make trust attributes visible to consumers. Besides the well-known public blockchains such as Bitcoin and Ethereum, private- and consortium-type blockchain platforms exist. The latter ones are being operated in the agri-food ecosystem contributing to the vertically cooperated supply networks that are coordinated by a focal firm. Stakeholders’ attitude and behavioral intentions toward the use of the blockchain technology impact their use behavior. The results show that permissioned blockchain governance mechanisms with consensus and incentives to motivate stakeholders are lacking in private and consortium blockchains. This study closes a research gap as understanding how the stakeholder management approach can compensate for the lack of consensus mechanisms can provide managerial guidance toward the development of an effective stakeholder management strategy, which eventually can be provided for a competitive advantage. As there is little research on the role of blockchain as a novel governance mechanism, this research will contribute to the scholarly discussion toward a common understanding.

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Section: Blockchain Platform Typesmentioning

confidence: 99%

The Significance of Blockchain Governance in Agricultural Supply Networks

Kramer¹,

Bitsch²,

Hanf³

2022

Sustainable Agricultural Value Chain

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“…Most data privacy laws such as PDPA apply when necessary to process personal data (Baskaran, 2020). Furthermore, data stored in the ECF platform during the registration process of ECF investor account are also subject to PDPA 2010.…”

Section: Data Protection and Privacy Of Equity Crowdfunding Investors...mentioning

confidence: 99%

Identifying Barriers to Data Protection and Investor Privacy in Equity Crowdfunding

Shalihah

Shariff

2022

UUM Journal of Legal Studies

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Equity crowdfunding (ECF) in Indonesia is a fundraiser organized to attract many investors to finance social and business activities on online platforms. In Malaysia, ECF reflects small businesses, especially those of entry-level businesses, raising funds from the public through websites registered with the Malaysian Securities Commission. There are differences in legal protection between Indonesia and Malaysia regarding protection of personal data and investor privacy in ECF activities. This study aimed to examine the barriers faced in data protection and privacy related to equity crowdfunding in Indonesia and Malaysia. This normative legal research focused on positive legal norms, laws, and regulations. It is found that Indonesia and Malaysia have different barriers in protecting personal data and investor privacy in ECF activities. In Indonesia, data protection and investor privacy concerning ECF refer to several legal rules for resolving issues regarding personal data. They often encounter conflicting legal rules in the application of personal data protection and investor privacy in ECF activities. Meanwhile, the protection of personal data and investor privacy on ECF activities has been specifically regulated in the Personal Data Protection Act (PDPA) 2010 in Malaysia. Despite the rules regarding the protection of investor data, cases of personal data theft in Malaysia are high as compared to Indonesia. This is due to the lack of legal awareness for the ECF platform organizers in implementing the provisions set out in the PDPA 2010.

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“…Everyone, including businesses and governments, should use it to manage our data and safeguard us from data breaches. Moreover, personal data protection known as the personal information privacy or personal data security where it is a set of principles that regulates on how sensitive data should be acquired and processed [7]. Personal data protection also ensures the data is accessed by those who have the authorization which will prevent it being misused [8].…”

Section: Literature Reviewmentioning

confidence: 99%

“…Table 1 summarizes the definition of those seven principles. Moreover, personal data can be classified into two category which are Personal Data and Sensitive Personal Data to [7]. Data users are required to take specified actions to protect the user's data during the process from being manipulated, lost, misused, or even revealed.…”

Section: Literature Reviewmentioning

confidence: 99%

Challenges and Issues in Implementing Personal Data Protection

Ananthan

Zolkipli

2022

Int. J. Recent Contrib. Eng. Sci. IT

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This paper is to discuss the challenges and issues in implementing personal data protection. As the cases related to the personal data breaches is increasing day-by-day among us, so any organizations, system, applications, software or technology components that deal with huge amount of personal data such as contact details, email addresses, addresses and others are in a higher risk sector as the data are valuable. This study highlights the challenges and issues such as the usage of IoT devices, social media, implementation of fourth industrial revolution and also the lack of awareness among users in the process of the implementation of personal data protection. However, all this challenges and issues can be resolved if the users follow the correct method or procedures. Finally, this finding also elaborates some methods that could help users protect their personal data.

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Blockchain and the Personal Data Protection Act 2010 (PDPA) in Malaysia

Cited by 8 publications

References 5 publications

The Significance of Blockchain Governance in Agricultural Supply Networks

The Significance of Blockchain Governance in Agricultural Supply Networks

Identifying Barriers to Data Protection and Investor Privacy in Equity Crowdfunding

Challenges and Issues in Implementing Personal Data Protection

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