Privacy Policy

Effective Date From 25.04.2024

I. Introduction

Welcome to BLOCX. B. TECH & INNOVATIONS OÜ (“BLOCX,” “we,” “us,” or “our”) which operates this website and other associated services (collectively, “Services”). This Privacy Policy explains our practices concerning the collection, use, and disclosure of personal data when you use our Services and the choices you have associated with that data. We value your privacy and strive to protect your personal information in compliance with applicable laws and regulations.

II. Scope and Consent

By using our Services, you agree to the collection, use, and sharing of your personal information as described in this Privacy Policy. If you do not agree with the terms of this policy, please do not use the Services.

III. Information We Collect

A. Information You Provide to Us

1. Account Information: When you interact with our Services, such as creating a decentralized identity or engaging in transactions, you may choose to provide personal information like your public blockchain address, and, optionally, contact details such as an email address if necessary for specific interactions. We do not store this information on centralized servers but instead interact with it on the blockchain.

1. Payment Information: Transactions are processed using blockchain technology. We do not collect traditional payment information such as credit card numbers or bank details; all financial transactions are conducted via the blockchain, ensuring that financial data remains under your control.

1. Communications: Should you contact us directly, we may receive information like your blockchain address and any other details you choose to provide. This information is used solely to address your queries and is not stored on centralized servers.

B. Information We Collect Automatically

1. Log Data: We do not collect traditional log data such as IP addresses. Interaction data is managed through the blockchain, visible and verifiable through public blockchain explorers.

1. Cookies and Tracking Technologies: We minimize the use of cookies. Any cookies used are only for essential site functionality and not for tracking purposes. You can manage cookie settings within your browser to enhance privacy.

1. Analytics Tools: We use decentralized analytics tools where possible, which do not track personal information but aggregate data to analyze service usage and improve user experience. These tools do not transmit your personal data outside the decentralized network.

IV. Use of Information

A. How We Use Your Information

1. To Provide and Maintain Our Service: We use the information collected to operate and maintain the decentralized features of the Service, facilitate transactions, and ensure network stability.

1. To Improve and Optimize Our Service: Our improvements are community-driven, based on aggregated, anonymous data and user feedback conducted through decentralized governance mechanisms.

1. To Communicate With You: We use your provided contact information to communicate necessary information and network updates. All communications respect user sovereignty with options for opting out.

1. For Security Measures: Security is enhanced by the inherent benefits of blockchain technology, which mitigates risks such as single points of failure and central data breaches.

1. For Marketing and Advertising: Any promotional activities are based on opt-in participation. We ensure that all marketing efforts respect user preferences and data privacy, consistent with the principles of decentralization.

B. Legal Basis for Processing Personal Information (EEA Users Only)

For individuals residing in the European Economic Area (EEA), our legal basis for collecting and using the personal information described in this Privacy Policy depends on the personal information we collect and the specific context in which we collect it.

1. Performance of a Contract: where your information is necessary to enter into or perform our contract with you.
2. Consent: where you have consented to our use of your personal information.
3. Legitimate Interests: where we have a legitimate interest in using your information – for example, to provide and update our Services, to improve our Services so that we can offer you an even better user experience, to safeguard our Services, to communicate with you, to measure, gauge, and improve the effectiveness of our advertising, and better understand user retention and attrition, to monitor and prevent any problems with our Services, and to personalize your experience.

V. Sharing and Disclosure of Information

A. How We Share Your Information

1. With Service Providers: We may share your information with third-party vendors, consultants, and other service providers who perform services on our behalf, such as identity verification, payment processing, customer service, email delivery, auditing, and marketing services.
2. In the Event of Merger, Sale, or Asset Transfer: If we are involved in a merger, acquisition, financing due diligence, reorganization, bankruptcy, receivership, sale of company assets, or transition of service to another provider, your information may be sold or transferred as part of such a transaction as permitted by law and/or contract.
3. With Affiliates: We may share some or all of your information with our affiliates, in which case we will require our affiliates to honor this Privacy Policy.
4. For Legal Reasons: We may share information about you if we believe that disclosure is reasonably necessary to comply with any applicable law, regulation, legal process or governmental request, to enforce our agreements, policies and terms of service, to protect the security or integrity of our services, to protect ourselves, our customers or the public from harm or illegal activities, or to respond to an emergency which we believe in the good faith requires us to disclose information to assist in preventing the death or serious bodily injury of any person.

VI. Your Rights and Choices

As a user, you have certain rights regarding your personal information, subject to local data protection laws. These rights include the ability to access, correct, delete, restrict, or object to our use of your personal information. You also have the right to complain to a data protection authority about our collection and use of your personal information. For more detailed information about your rights, you can contact us at contact@blocx.tech.

VII. Data Security

We implement a variety of security measures to maintain the safety of your personal information when you enter, submit, or access your personal information. Despite our efforts, no security measures are completely secure, and we cannot guarantee the absolute security of your personal information.

VIII. International Transfers of Personal Information

Your information, including personal data, may be transferred to — and maintained on — computers located outside of your state, province, country, or other governmental jurisdiction where the data protection laws may differ from those of your jurisdiction. If you are located outside Estonia and choose to provide information to us, please note that we transfer the data, including personal data, to Estonia and process it there.

IX. Data Retention

A. Retention Periods

We retain your personal information only for as long as is necessary for the purposes set out in this Privacy Policy, including for the purposes of satisfying any legal, accounting, or reporting requirements. 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 unauthorized 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 requirements.

B. Data Deletion

Upon expiration of the retention periods, your personal data will be deleted or anonymized. If there is any data that we are unable, for technical reasons, to delete entirely from our systems, we will put in place appropriate measures to prevent any further processing or use of the data.

X. Children’s Privacy

A. Age Restrictions

Our Services are not directed to individuals under the age of 16. We do not knowingly collect personal information from children under 16. If we become aware that a child under 16 has provided us with personal information, we will take steps to delete such information from our files as soon as possible.

B. Parental Consent

If you are a parent or guardian and believe your child under 16 has provided us with personal information without your consent, please contact us at the address below. We encourage parents and guardians to monitor their children’s Internet usage and to help enforce our Privacy Policy by instructing their children never to provide personal information without their permission.

XI. Changes to the Privacy Policy

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page.