Effective Date: 1.9.2024
At Fronesis, we are committed to maintaining your privacy while fostering a transparent and community-driven platform. This Privacy Policy outlines what limited data we collect, how it is used strictly to improve services, and how we remain transparent with the community. By using the Fronesis platform, you consent to the data practices described here.
1. Data We Collect
As a decentralized, privacy-focused platform, Fronesis collects only the minimum data necessary to operate the platform effectively.
- Basic Account Information: For Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance in certain jurisdictions, we may collect personal identification data, such as name, address, and government ID. This data is used solely for verification purposes.
- Blockchain Interaction Data: We record public blockchain data related to your interactions with Fronesis, such as wallet addresses and transaction history. This data is inherently public on the blockchain and is beyond our control to alter or delete.
- Usage and System Data: To enhance user experience and improve platform performance, we may collect non-personally identifiable data, including IP addresses, device information, and access times. This data is anonymized and analyzed solely for operational insights.
2. How We Use Your Data
Our goal is to be transparent about data use, ensuring it supports only operational improvements and user experience enhancements.
- Platform Operations: Basic data enables us to operate the Fronesis GPU marketplace effectively, including peer-to-peer transactions and community governance.
- Compliance with Regulations: For certain jurisdictions, we may perform KYC/AML checks to comply with local laws and ensure only eligible participants access the platform.
- Service Improvement: Non-personal usage data is used to optimize the platform’s features, resolve technical issues, and refine user experience. We are transparent about platform statistics and may share aggregated, anonymized data with the community to promote open governance.
3. Community Transparency and Data Sharing
Fronesis upholds a commitment to data transparency with our community. We share high-level insights and anonymized platform usage statistics to keep our users informed about platform performance and trends.
- Aggregated Data Sharing: Non-personally identifiable, aggregated data (e.g., total number of transactions, usage statistics) may be shared publicly to foster transparency and support community-driven decision-making.
- Third-Party Service Providers: Where necessary, we may use trusted third-party providers for KYC/AML verifications or platform analytics. These providers are required to maintain data privacy and security, using the data only for specific operational purposes.
4. Data Security
Protecting user data is a top priority. We employ industry-standard security measures to safeguard the data collected and ensure its limited use.
- Encryption: Sensitive information, such as KYC data, is encrypted both in transit and at rest.
- Access Control: Only authorized personnel can access KYC data, with access strictly limited to necessary operations.
- Decentralized Design: Blockchain interactions, including wallet addresses and transaction data, are inherently public and immutable. Fronesis cannot modify or erase data recorded on the blockchain.
5. User Rights and Data Retention
- Data Access and Correction: Users can request access to their personal information (where applicable) or make corrections to KYC data used solely for verification.
- Data Deletion and Retention: KYC data is retained only as long as required by regulatory obligations, after which it is securely deleted. Blockchain data remains permanently accessible on the public ledger.
- Anonymized Data for Community Insights: We anonymize usage data for insights shared with the community, allowing transparency without exposing personal data.
6. Cookies and Minimal Tracking
Fronesis aims to minimize tracking, and we limit our use of cookies to only those necessary for security and performance monitoring. Users may disable cookies in their browser settings; however, this may affect platform functionality.
7. International Data Transfers
As a decentralized platform, data may be processed across multiple jurisdictions. By using Fronesis, you consent to the transfer and processing of your data in accordance with global data protection standards. We prioritize security and compliance with applicable regulations.
8. Updates to This Privacy Policy
Fronesis may revise this Privacy Policy to reflect operational needs, regulatory requirements, or community feedback. Users will be notified of material changes, and continued use of the platform constitutes acceptance of the updated terms.
9. Contact Information
If you have any questions or wish to exercise your data rights, please contact us at support@fronesis.ai
Disclaimer: By using the Fronesis platform, you confirm that you have read, understood, and agree to this Privacy Policy. Fronesis strives to maintain transparency and privacy for all users in a decentralized environment, with limited data collection and strict protection measures in place.
