Double-Sided Cross-Border Data Flows
written by 10219 Lee Hyunseo As the Internet develops, digital trade becomes more active. Digital trade is the transaction of goods and services through the Internet. It handles not only digital products like drama series but also physical goods like clothes. So, ordering jeans online and receiving them at home is also a digital trade. Although digital trade has the advantage of getting the products you want with just a few clicks from home, it has many problems. These problems include information leakage and the complexity of work in cross-border data flows. Cross-border data flows are the movement of data across countries. If you create an account on a new website where the corporation is headquartered in another country and use it, the result is a cross-border data flow. As corporations collect data, they analyze consumer’s preferences. So they can provide better-customized services to consumers. However, not every corporation uses data in the right way. Some choose to sell pri...