Privacy & Cookie Notice

Welcome to the Privacy and Cookie Notice for OpenChrono UG (“OpenChrono”)

Effective as of: 1st January 2024

OpenChrono respects your privacy and is committed to protecting your personal data.

This notice (together with our Terms of Service, and other documents referred to) explains how we look after your personal data, how we collect and process it through your use of this website or infrastructure, or when you purchase one of our products or services or interact with us or our communities or infrastructure. We might also collect personal data about you from other sources, such as other companies or publicly available information. By visiting our website, and using our products, services and infrastructure, you are accepting and consenting to the practices described in this notice. You can find out more in the The Personal Data We Collect About You section below.

1. About us............................................................................................................ 1

2. Important Information About This Privacy Notice.................................. 2

3. The Personal data we collect about you................................................... 3

4. Marketing....................................................................................................... 12

5. Automated Decision-Making and Data Profiling .................................. 14

6. Disclosures of your personal data............................................................. 15

7. International transfers.................................................................................. 19

8. Data security.................................................................................................. 20

9. Data retention................................................................................................ 21

10. Your legal rights.............................................................................................. 21

1. About us

The OpenChrono Group of companies is made up of different legal entities, details of which can be found below. This notice is issued on behalf of the OpenChrono Group, so when we mention "COMPANY” "we", "us" or "our" in this notice, we are referring to the relevant company in OpenChrono Group responsible for processing your data. OpenChrono UG is the data controller and responsible for this website.

If you have any questions about this notice, or about exercising your legal rights, or about our privacy practices, please contact our data protection officer (DPO) using the details listed below. If you are based in the EU, you may contact us via our German entity.

You have the right to make a complaint at any time to the relevant data regulator, as set out below. We would, however, appreciate the chance to deal with your concerns before you approach any data regulator, so please contact us in the first instance.

2. Important Information About This Privacy Notice

It is important that you read this notice together with any other privacy notice or fair processing notice we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This notice supplements other notices and is not intended to override them.

This website is not intended for children and we do not knowingly collect data relating to children.

2.1 Changes to the Privacy Notice and your duty to inform us of changes.

We keep this notice under regular review. This version was last updated on 31st December 2023. Previous versions are available by contacting us at data@openchrono.io.

If we change the way we use your personal data, we’ll update this notice and, if appropriate, let you know through our website or by email.

It is important that the personal data we hold about you is accurate and current. Please keep us informed if your personal data changes during your relationship with us.

This website may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy information of every website you visit.

3. The Personal data we collect about you

3.1 What is personal data?

Personal data means any information which can be used to identify you. It does not include data where the identity has been removed (anonymous data).

We do not currently collect any Special Categories of Personal Data about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health, and genetic and biometric data). Nor do we collect any information about criminal convictions and offences.

3.2 Lawful basis

We process your personal data only when we have a ‘lawful basis’ (or valid legal justification) to do so. The lawful bases we commonly rely on are:

· Where we need to process the personal data in order to perform the contract we are about to enter into or have entered into with you. For example, we cannot provide our services to you without knowing who you are.

· Where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests.

· Where we need to comply with a legal obligation. For example, we might be required to gather information to comply with tax laws.

· Where you have agreed we can collect your personal data, or sensitive personal data, and use it in a certain way. For example, when you are consenting to your personal data being transferred outside the UK or the EU.

Note that we might process your personal data for more than one lawful basis, depending on the specific purpose for which we are using your data. Please contact us if you need additional details of an occasion where we use more than one basis.

3.3 Purposes for processing personal data

The table below outlines the personal data we might process, the possible source of that personal data, our purpose in processing the data, and our ‘legal basis’ for the processing.

3.3.1 Personal data you provide to us directly

3.3.2 Personal Data we receive when your devices interact with our websites, platforms or products. infrastructure.

3.3.3 Personal Data we receive from third parties

3.3.4 Personal Data we receive from social media and publicly available sources

We might also collect, use and share Aggregated Data such as statistical or demographic data for any purpose. Aggregated Data could be derived from your personal data but is not considered personal data in law as this data will not directly or indirectly reveal your identity. For example, we might aggregate your Usage Data to calculate the percentage of users accessing a specific website feature. However, if we combine or connect Aggregated Data with your personal data so that it can directly or indirectly identify you, we treat the combined data as personal data which will be used in accordance with this notice.

3.4 If you fail to provide personal data

Where we need to collect personal data by law, or under the terms of a contract we have with you, and you fail to provide that data when requested, we might not be able to perform the contract we have or are trying to enter into with you (for example, to provide you with goods or services). In this case, we might have to cancel a product or service you have with us but we will notify you if this is the case at the time.

3.5 Change of purpose

We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. If you wish to get an explanation as to how the processing for the new purpose is compatible with the original purpose, please contact us.

If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so.

Please note that we might process your personal data without your knowledge or consent, in compliance with the above rules, where this is required or permitted by law.

4. Marketing

We strive to provide you with choices regarding certain personal data uses, particularly around marketing and advertising.

4.1 Promotional offers from us

You receive marketing communications (by post, push notification, email and text message ) from us if you have requested information from us or purchased goods or services from us and you have not opted out of receiving that marketing. Where national laws require us to get your consent to send marketing messages, we’ll do so in advance. You can object to profiling for direct marketing purposes.

4.2 Third-party marketing

We will get your express opt-in consent before we share your personal data with any third party for marketing purposes. You can find out more in the Disclosures of Your Personal Data section below.

4.3 Opting out

You can ask us or third parties to stop sending you marketing messages at any time by following the opt-out links on any marketing message sent to you. Where you opt out of receiving these marketing messages, this will not apply to personal data provided to us as a result of a product/service purchase, warranty registration, product/service experience or other transactions.

4.4 Cookies

We use cookies to analyse how you use our website. You can set your browser to refuse all or some browser cookies, or to alert you when websites set or access cookies.

5. Automated Decision-Making and Data Profiling

We might make automated decisions about you. This means that we might use technology that can evaluate your personal circumstances and other factors to predict risks or outcomes. This is sometimes known as profiling. We do this for the efficient running of our services and to ensure decisions are fair, consistent, and based on the right information.

For example, we or our partners might make automated decisions about you that relate to:

· Opening accounts: conducting KYC, anti-money laundering and sanctions checks, or identity and address checks.

· Detecting fraud: monitoring your account to detect fraud and financial crime

Our legal basis is one or more of the following: keeping to contracts and agreements between you and us, legal obligations, legitimate interests (to develop and improve how we deal with financial crime and meet our legal responsibilities).

Our infrastructure, and the blockchain protocols our infrastructure interact with, might use smart contracts. ‘Smart contracts’ are software code which automate processes and enable the efficient transfer of data, assets and money. Within our infrastructure, they enable and effect interactions with validators.

We use Smart contracts to mint new assets, destroy or freeze ‘redeemed’ physical assets and ensure seamless asset ownership transfer.

The automated processing they do is: Escrow functions, release payments, transfer asset ownership, Mint new assets, remove redeemed assets from circulation.

Our legal basis is one or more of the following: keeping to contracts and agreements between you and us, legal obligations and legitimate interests (ensuring efficient transfer of data, money and assets, and efficiently meeting our legal responsibilities).

Where we make an automated decision about you, you have the right to ask that it is manually reviewed by a person. You can find out more about this in the What are my rights? section below.

6. Disclosures of your personal data

We might share your personal data with the parties set out below, for the purposes set out in the table Purposes for processing personal data above.

We require all third parties to respect the security of your personal data and to treat it in accordance with the law. We do not allow our third-party service providers to use your personal data for their own purposes and only permit them to process your personal data for specified purposes and in accordance with our instructions.

7. International transfers

Our business model incorporates blockchain, including Ethereum and Solana, and some of the business processes and personal data will be shared “on-chain”, including member discussions. In addition, many of our business processes are international, such as the assets, you have purchased and the counterparties you have interacted with, will be stored indefinitely on-chain, and is unlikely to be capable of being removed or changed or protected. On-chain data is potentially visible globally, which means that a transfer of that data has been made internationally.

Some of our service providers are based outside the UK or the EU, and that would involve a transfer of personal data outside the UK and the EU.

We might also send your personal data outside the UK or the EU to abide by global legal and regulatory requirements, to provide ongoing support services, to credit reference agencies, fraud prevention agencies, law enforcement authorities or to enable us to provide you with products or services you have requested.

Where we can, whenever we transfer your personal data outside the UK or the EU, we ensure a similar degree of protection is afforded to it by ensuring at least one of the following mechanisms is used:

· the transfer is to a country or entity that has been deemed to provide an adequate level of protection for personal data. Details about these countries or entities, as approved by the ICO from time to time, can be found at: https://ico.org.uk/for-organisations/uk-gdpr-guidance-and-resources/international-transfers/international-transfers-a-guide/https://ico.org.uk/for-organisations/uk-gdpr-guidance-and-resources/international-transfers/international-transfers-a-guide/

· appropriate safeguards are used, such as binding corporate rules, standard data protection clauses, an approved code of conduct, certification under an approved scheme, contractual clauses authorised by the ICO, administrative arrangements between public authorities of bodies, an applicable exemption, or we have your specific consent.

Please note that data on-chain is unlikely to be capable of being protected by these mechanisms.

Please contact us if you want further information on the specific mechanism used by us when transferring your personal data outside the UK or the EU.

8. Data security

We have implemented appropriate technical and organisational measures to prevent your personal data from being accidentally lost, used or accessed in an unauthorised way, altered or disclosed. These measures include:

· Limiting access to your personal data to those employees, agents, contractors and other third parties who have a business need to know. They will only process your personal data on our instructions, and they are subject to a duty of confidentiality.

· Utilising multi-factor authentication.

· Implementing procedures to deal with any suspected personal data breach. We will notify you and any applicable regulator of a breach where we are legally required to do so.

· Electronic data and databases are stored on secure computer systems with control over access to information using both physical and electronic means.

· Our staff receives data protection and information security training.

· We have detailed security and data protection policies which staff are required to follow when they handle your personal data.

While we take all reasonable steps to ensure that your personal data will be kept secure from unauthorised access, we cannot guarantee it will be secure during transmission by you to our website or other services.

We use HTTPS (HTTP Secure), where the communication protocol is encrypted through Transport Layer Security for secure communication over networks, for all our web and payment-processing services.

If you use a password for our website, you will need to keep this password confidential. Please do not share it with anyone.

When you use our public services, which includes participating in voting and engaging with our social network accounts and our community forum, do not share any personal data that you don't want to be seen, collected or used by other customers or the general public, as this personal data will become publicly available. It might also be stored ‘on-chain’, and will not be capable of being removed, hidden or changed.

9. Data retention

How long will you use my personal data for?

Any personal data which is “on-chain”, such as your digital identifier or wallet address and the counterparty you interacted with, will be stored indefinitely, and incapable on-chain, and is unlikely to be capable of being removed or changed.

Where personal data is not “on-chain”, we will only retain your personal data for as long as reasonably necessary to fulfil the purposes we collected it for, including for the purposes of satisfying any legal, regulatory, tax, accounting or reporting requirements. We might retain your personal data for a longer period in the event of a complaint or if we reasonably believe there is a prospect of litigation in respect to our relationship with you.

To determine the appropriate retention period for personal data, we consider the amount, nature and sensitivity of the personal data, the potential risk of harm from unauthorised use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal, regulatory, tax, accounting or other requirements.

By law, we have to keep basic information about our customers for a certain period after they cease being customers for tax purposes and AML purposes.

In some circumstances you can ask us to delete your data. See the section below Your Legal Rights below for further information.

In some circumstances we will anonymise your personal data (so that it can no longer be associated with you) for research or statistical purposes, in which case we might use this information indefinitely without further notice to you.

Under certain circumstances, you have rights under data protection laws in relation to your personal data.

· Right to information about how your personal data is used. You have the right to be told how we use your personal data. This notice is one way in which we provide this information to you.

· Right to access your personal data.

· Right to request correction of the personal data that we hold about you. We are unable to correct any data “on-chain”.

· Right to request erasure of your personal data. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have successfully exercised your right to object to processing (see below). We are unable to erase any data “on-chain”.

· Right to object to processing of your personal data. You can object to your personal data being processed where we are relying on a legitimate interest (or those of a third party) and there is something about your particular situation which makes you want to object to processing on this ground as you feel it impacts on your fundamental rights and freedoms. You also have the right to object where we are processing your personal data for direct marketing purposes.

· Right to request restriction of processing of your personal data, in certain circumstances.

· Right to request the transfer of your personal data to yourself or to a third party.

· Right to withdraw consent at any time where we are relying on consent to process your personal data. This will not affect the lawfulness of any processing carried out before you withdraw your consent. Note that where you have consented to your personal data being processed or stored on-chain, we cannot remove or correct the personal data.

· Right to request a review by a person of an automated decision we made about you, where that automated decision significantly affects you.

10.1 Exercising your rights

If you wish to exercise any of the rights set out above, please contact us at data@OpenChrono.io

Your ability to exercise these rights will depend on a number of factors. Sometimes, we won’t be able to agree to your request (for example, if we have a legitimate reason for not doing so or the right does not apply to the particular information we hold about you).

10.2 No fee usually required

You will not have to pay a fee to access your personal data (or to exercise any of the other rights). However, we might charge a reasonable fee if your request is clearly unfounded, repetitive or excessive. Alternatively, we could refuse to comply with your request in these circumstances.

10.3 What we might need from you

We might need to request specific information from you to help us confirm your identity and ensure your right to access your personal data (or to exercise any of your other rights). This is a security measure to ensure that personal data is not disclosed to any person who has no right to receive it.

We might also contact you to ask you for further information in relation to your request to speed up our response.

10.4 Time limit to respond

We try to respond to all legitimate requests within one month. Occasionally it could take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated.


Last updated