$20 million or 4% of the company’s global revenue, whichever is larger. This is the stiff penalty for not meeting your business would have to pay if it doesn’t comply with GDPR. So how do you comply with it? That’s what ShoutOUT Connect aims to help you figure out.
In case you’re lost, we need to rewind back to 2016. This was when the European Union passed a rule called The General Data Protection Regulation aka GDPR. As a result, the EU had set new rules for how tech companies can manage and share personal data. And this rule came into effect on May 25th, 2018. If you want a basic understanding of it, then you need to know two things.
Firstly, GDPR demands that companies receive explicit and informed consent before collecting personal data from an EU citizen. Furthermore, it also demands that users can request all the data companies have collected about them at any given time. This is to serve as a means of verifying that initial consent. Most importantly, this applies to companies based outside the EU as well.
Secondly, GDPR has stiff penalties. If a company is found to have violated the GDPR rules, then it’ll be fined $20 million or 4% of the global revenue of the company. It depends on which of the two amount is larger. This comes as a sign of how seriously the EU is taking data protection. Needless to say, a Sri Lankan startup operating in the EU wouldn’t be able to survive such penalties.
Ultimately, the devil lies in the details. That’s what has made GDPR a challenge for many companies both large and small across the world. The stiff penalties and the potential of the European market mean companies have to change how they operate. This ranges from how they collect data, how they store it, how they utilize it, the exact words in their user agreements, and more.
To understand these details is what ShoutOUT Connect aims to help you with. The event will feature Samantha de Soysa – Attorney-at-Law/Barrister at Lincoln’s Inn covering the legal aspects of GDPR compliance. Additionally, Asanka Nissanka – VP of Technology at ShoutOUT will be covering the technical aspects that need to be considered when developing products.
ShoutOUT Connect will be taking place on the 29th of November at Hatch from 5.30 PM onwards. If you’re interested in knowing how to navigate the complex waters of GDPR, click here to register for the event.
Venture Frontier Lanka is bringing experts in entrepreneurship from around the country to cities throughout Sri Lanka to train local entrepreneurs to think differently about the ventures they will start.
Venture Frontier Lanka is bringing experts in entrepreneurship from around the country to cities throughout Sri Lanka to train local entrepreneurs to think differently about the ventures they will start. A caravan stop consists of different sessions about creating unique ideas for startup ventures and strategies for financing those ideas.
Come join the sessions on the 19th of December, starting with 2 pm at Sri Lanka Institute of Information Technology.
The event is free of charge! REGISTRATION is mandatory for this event
(Wednesday) 2:00 pm - 6:00 pm
SLIIT, New Kandy Road, Malabe
Early Bird till the 16th of Dec: 20% discount Likuid Members: 20% discount Female/Social Entrepreneurs (Locals Only): 50% discount Join for a one day workshop where we unchain the collective wisdom and creativity
Early Bird till the 16th of Dec: 20% discount
Likuid Members: 20% discount
Female/Social Entrepreneurs (Locals Only): 50% discount
Join for a one day workshop where we unchain the collective wisdom and creativity to help each other having a more productive digital nomad new year and build better cooperations for teamwork.
During this peer to peer learning session you can share your experiences to help others and learn from other practitioners. Together, dive into the most painful problems and brainstorm on solutions. It’s for you if you resonate with some of these questions:
How do I integrate work, life and travel?
How do I keep motivated to achieve?
How do I keep engaged with a client?
How do I manage my time and energy?
How do I get clients?
How do I find people to collaborate with?
How to deal with time differences?
How can I make human interactions with slack profiles?
How to set realistic goals in constantly changing environment?
What are the best tools & methods for productivity?
What’s the secret of aligned teams?
What are the best skills for a digital nomad?
ABOUT THE METHOD:
“We create space for meaningful conversations, experimental and peer to peer learning. Nothing frontal, no preaching. But space for your very unique questions.”
+ Full-day mentored learning program
+ Breakfast on the roof
+ BBQ lunch on the roof
+ Goodie bags & Take-home handbooks
+ Post-event networking
ABOUT THE HOST:
Kitti is a digital nomad herself and a marketing consultant for innovative companies and early stage startups. She is a conversation ambassador for tedxdanubia, hosted meaningful conversations on ideas worth spreading. In the past years she worked in self organized teams, practiced facilitation, joined peer to peer networks, decentralized teams and cocreated a collective of freelancers. She is a cofounder of a sustainability startup that just secured its first round of investment. Worked as a mentor for many startups, and in the meantime she visited more than 15 countries.
Are you a Sri Lankan female entrepreneur or a local social business? Reach out for your discounted tickets!
PRICE IN SRI LANKAN RUPEES:
Regular: LKR 5000
Early Bird till 16th of Dec: LKR 4000
Likuid Members: LKR 4000
Female/Social Entrepreneurs (Locals Only): LKR 2500
(Saturday) 8:30 am - 5:30 pm
5 Charles Place 00300 Colombo, Sri Lanka
Karthik ( Associate Director, DTCC & Co-organiser of Hyperledger Chennai Meetup) will be here for the 2nd Hyperledger meetup. He will share his experience with Hyperledger and Business application of Blockchain
Karthik ( Associate Director, DTCC & Co-organiser of Hyperledger Chennai Meetup) will be here for the 2nd Hyperledger meetup.
He will share his experience with Hyperledger and Business application of Blockchain technologies.
1. Work with Hyperledger Fabric and Explorer.
2. Business use case with Hyperledger Blockchain Framework
3. Q&A session
This is a Free session. Register here
(Friday) 5:30 pm - 8:30 pm
Startup X Foundry
07, Charles Place, Colombo 03, Colombo
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