Why is Mydex CIC free ? I have heard that free means I am the product, and how is Mydex CIC different to this allegation ?

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Is a Mydex PDS free for individuals? is it really free I have heard that when things are free there is some cost to the individual in other ways in return for having a free service e.g. Google and Facebook who use your profile or behaviours to sell advertising and insights to organisations

Thu, 20/11/2014 - 12:04

Anonymous (not verified)

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Short Answer

Yes, Mydex CIC is free to individuals but unlike Facebook or Google, we do not sell your data to any third party. Quite the opposite: our social purpose is to ensure you are empowered to take control over your data. The big difference between a Mydex ID and Facebook, Google, Twitter or Apple ID is that these use variations on standards but more importantly they also bleed privacy and data about the individual's activities. The MydexID is privacy friendly, it only logs where the individual goes in their encrypted Personal Data Store, no one else knows where they go unless they chose to share this information under their own consent and Data Sharing Agreement.

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Thu, 20/11/2014 - 12:04

MydexCIC

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More Details

With the MydexID, even though it is free, there really is no catch. You get all the convenience and functionality and capability without the loss of privacy or rights. We make ourselves self-sustaining by reinvesting our profits back into our specific social purpose. Not only this, but we do not have access to any of our members' personal data, accessing and selling the information in this way would in fact be impossible due to the very encryption that makes the PDS so secure.

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Thu, 20/11/2014 - 12:04

MydexCIC

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