Balancing privacy and data use: The potential impact of large online platforms and central bank digital currencies

This paper reviews the international discussion among academics and policy makers regarding the trade-off between privacy protection and data use. In particular, it is intended to shed light on the mechanism behind the data monopoly enjoyed by the large online platform companies. The paper also disc...

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Bibliographic Details
Published in:Journal of payments strategy & systems 2023-06, Vol.17 (2), p.142-150
Main Authors: Sugino, Sei, Maruo, Yuji
Format: Article
Language:English
Subjects:
Central Bank Digital Currency (cbdc)
Data Monopoly
Negative Externality
Privacy Protection
Online Access:Get full text
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Summary:This paper reviews the international discussion among academics and policy makers regarding the trade-off between privacy protection and data use. In particular, it is intended to shed light on the mechanism behind the data monopoly enjoyed by the large online platform companies. The paper also discusses how central bank digital currencies can reduce the potential side effects of this data monopoly.
ISSN:1750-1806
1750-1814
1750-1814
DOI:10.69554/GBOR6056