1. Terms and Conditions

Welcome to globaliD. By creating and using a globaliD (giD) for yourself, groups you oversee, or things you own, you become part of a stakeholder community with rights and responsibilities. The use of this software implies consent with these terms and conditions (“the rules”) of the giD community to which you now belong. That stakeholder community includes all users of the giD product, as well as giD inc. (“the Company”). You acknowledge that giD operates under a stakeholder-driven governance structure by which the rules have been created and by which these rules can be maintained or changed. You and others have a say in the governance of giD, in proportion to the amount of use (as defined and measured by the rules) on your part relative to others operating under these same rules.

First and foremost, you acknowledge that giD enables you to authorize actions such as opening an account, purchasing services, making a payment, or other activity by service providers or others that accept giD as a means of establishing identity. Those entities will enable you to authorize various actions (such as those examples listed above or other actions) based on their understanding of public attestations about your identity and qualifications. Neither the Company nor the giD product grant authorizations or attestations, but rather serve as a means for standardizing, storing, and viewing the underlying data that other parties create and use to determine whether authorization and consent are to be realized.

If for some reason you are unable to access or manage your giD, the giD rules enable others whom you designate to intervene on your behalf. Should you lose the device on which your giD is stored and need to reestablish your giD on another device, you will need the assistance of your designated representatives to do so. There is no central authority with the ability to reinstate your giD if the device you use to hold your giD is lost or stolen. Under certain circumstances, the Company may or may not (wholly at its own discretion) serve as a custodian that may or may not assist in your efforts to reauthorize your giD.

You acknowledge that to the extent that the Company is itself a stakeholder in this ecosystem, ultimately bound by the same rules and governance structure as yourself and other members, its power and responsibilities are limited. You further acknowledge that the Company itself has no ultimate control over access to and the use of any particular giD, and that these terms of use merely reflect notice of the rules and governance structure in place at the time of this writing, rather than any indication or guarantee of those parameters in the future.

 

2. Privacy Policy

What does globalid do with your personal information?

Why?

Companies choose how they share your personal information. The law in your jurisdiction gives consumers the right to limit some but not all sharing. The law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What?

The types of personal information we collect and share depend on the product or service you have with us.

This information can include:

  • Identification Information
  • Account Balances
  • Transaction History
  • Account Transactions
  • Checking or other Account Information
  • Your status such as Location or IP address of your device

When you are no longer our customer, we may still share your information as described in this notice.

How?

Certain companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons companies can share their customers’ personal information; the reasons globaliD chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information

Does globaliD share?

Can you limit this sharing?

For our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations. Yes No
For our marketing purposes to offer our products and services to you No We do not share
For joint marketing with other financial companies No We do not share
For our affiliates’ everyday business purposes information about your transactions and experiences No We do not share
For our affiliates’ everyday business purposes information about your creditworthiness No We do not share
For non-affiliates to market to you No We do not share

 

Questions?

Visit globalid.net

 

What We Do

How does globaliD protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with the laws in your jurisdiction. These measures include computer safeguards and secured files and buildings. We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate. Specifically, your information is stored on our servers in an encrypted state such that only you or anyone you specifically provide access to can decrypt your information. A copy of your information is stored in a “Cold Storage facility” which is not directly connected to the World Wide Web but can be accessed manually with appropriate requests such as court orders, legal investigation, or requests by service providers to which you explicitly provide access. Any information you chose to designate Public will be available publicly. You cannot reverse this designation and this public information may be shared with anyone requesting it.

How does globaliD collect my personal information?

We only collect your personal information when you proactively add your attested information to your identity. In order to perform an attestation, certain data requested by the attestation agency is sent directly to them from your device and only with your permission. For example, when you want to add your passport number to your identity, we provide secure communication for you to submit a picture of your passport from your mobile device directly to the attestation agency. This action can only be initiated by you.

Why can’t I limit all sharing?

We do not share any private information about you unless you specifically provide your permission to do so. In cases when we are under a legal obligation to provide your private information, the laws in your jurisdiction may require full compliance with such requests.

 

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies. globaliD does not share with our Affiliates so they can market to you.

Non-affiliates

Companies not related by common ownership or control. They can be financial and non-financial companies. globaliD does not share with non-affiliates so they can market to you.

Joint Marketing

A formal agreement between non-affiliated financial companies that together market financial products or services to you. We have no joint marketing partners.

 

Other Important Information

For All Customers.

You are the owner of your personal information. At globaliD we believe it is your inalienable right to maintain control over your personal information at all times. We never share any of your information without your consent unless we are compelled to do so by law enforcement agencies.