Former presidential candidate and known cryptocurrency proponent Andrew Yang has announced a new initiative to protect privacy online.

After ending his presidential bid terminal month, Yang has appear the creation of new nonprofit organization called Humanity Forward. It aims to "rewrite the rules" of economic system and society with a focus on information privacy.

Announcing the news in a March 5 tweet, Yang outlined that the group is edifice a human-centered America, calling for donations to back up the motion. Despite Yang previously accepting donations within his presidential campaign in cryptocurrencies similar Bitcoin (BTC), Humanity Forward doesn't support donations in crypto as of launch, co-ordinate to details on the website.

"Information as a property right" is a major principle of the new organization

According to the arrangement's description, Humanity Forward is dedicated to continuing the movement inspired by Andrew Yang's 2022 presidential campaign that includes major aspects like universal basic income (UBI), human-centered commercialism, and "data equally a property right."

Focusing on the protection of data by online users, the new nonprofit organization calls for information privacy in terms of basic human rights, arguing that all individuals need to own their own data. Specifically, Humanity Forward stands confronting online platforms that collect data of their users to pass or sell it to entities like advertisers or fraudulent services. Humanity Forward urges that such malpractices need to cease, calling people to fight for their privacy rights.

The statement reads:

"Some companies haven't done enough to protect our information, resulting in breaches that have made our private information insecure. Others have sold it to disreputable companies, allowing them to target the states for everything from marketing fraudulent services to influencing elections. Companies themselves have asked for better and clearer rules."

The "Data every bit a Property Right" statement also obviously refers to some information privacy-oriented initiatives such every bit a state-level California Consumer Privacy Act that was enacted in January 2022. Humanity Forrard urges that people should be aware of such laws and ensure that companies comply with them:

"Sure states have adopted new laws that enable consumers to exercise control of their data rights. Our goal is to make information technology and then that companies fulfill their obligations under these laws and that Yous - the consumer - do good and share in that value."

Every bit reported by Cointelegraph, Yang dropped out of the presidential race on Feb. 11 after getting one% of the primary vote in the state of Iowa. The ex-presidential candidate is specifically known for promising to provide every American adult with $ane,000 a calendar month as part of his UBI thought in case he is elected president. In November 2022, Bitcoin proponents criticized Yang for trying to give everybody fiat instead of money.

The news comes as another presidential candidate, Elizabeth Warren, dropped out of the presidential race on March five.