Data sovereignty can redefine the global economic markets

Fact of the Week: Data Flow and Data Storage Prohibitions Could Have Sizeable Impact on Global GDP

When local data storage regulations are open or with pre-authorized safeguards, global exports are expected to rise by 3.6 percent and global gross domestic product (GDP) is expected to increase by 1.77 percent. When regulations are more stringent against different geopolitical blocs, global exports are expected to decline by 1.76 percent while GDP is expected to fall by 0.94 percent. Regulations that prohibit the flow of data also have a sizabl…

Data sovereignty can redefine the global economic markets

The post Data sovereignty can redefine the global economic markets appeared on BitcoinEthereumNews.com. The following is a guest post and analysis from Trevor Koverko, Co-Founder at Sapien. The emergence of internet-enabled tech has transformed global trade and economics, as citizens, governments, and companies participate in borderless exchanges. Subsequently, data has become the lifeblood and primary fuel of businesses and societies worldwide,…