Benefits for Individuals
Individuals will be the main beneficiaries of MyTerms. The 'My' in MyTerms. As the agreements are written from that personal perspective, and in plain language the most obvious benefit is transparency. Control will emerge as a major positive, people will only release the minimum data required for a particular scenario unless they choose to consciously volunteer more. Then reciprocity; the agreements enable two-way beneficial, win-win relationships.
Benefits for Organisations
Organisations benefit from MyTerms through the increased trust the agreements engender over time. And compliance with personal data related regulations becomes easier.
Benefits for Regulators and Policy Makers
Regulators and policy makers benefit from MyTerms through the equitable and transparent agreements. There is no hidden agenda, and both parties enter into agreement voluntarily.
