Report: Contracts and Social Media in the Digital Age (Business)

This report analyzes the impact of digital contracts and social media on business operations, drawing insights from Kevin Keith's article. It examines the shift towards digital communication, the importance of data privacy, and the need for new social contracts in the digital age. The report highlights the influence of social connections on business practices, emphasizing the value of information and the necessity for clear terms and conditions. It also discusses the role of regulations like GDPR and the potential benefits of digital contracts in fostering individual empowerment and reinforcing democracy. The report further addresses the challenges of data sharing and the importance of understanding how personal data is used, advocating for informed consent and a heightened awareness of data value. The author suggests that future entrepreneurs will need to consider these factors while designing social contracts to contribute to individual customer information.

Formation of Traditional and E-Contracts
Title of the article, date of publication, and author
Title: We need to build a new social contract for the digital age
Author: Kevin Keith
Date of publication: 4th April 2018
Summarizing the content and context of the selected article
In the upcoming digital world, social contacts play virtual roles in the field of business,
education, government agency and so on. The author has argued in this article that, in the
present scenario, three million people are using social media, but there is very less
communication about collection, availability and use of personal data in popular culture. The
connections are totally dependent on the technology, and expectations for society. The system
of the government is moving from the hands to the hand of many from vertical to horizontal
there for promoting their policies and regulations through digital tools.
It is important to construct a new social agreement for the digital age to cover human rights,
expectations, and responsibilities as they clear rules seeking to defend and authorize all the
bodies that are in the in may the European Union’s General Data Protection
Regulation coming into power. Implicit rules that are dependent on improved understanding
which would allow us to respect one another digital space in the same way as we tacitly value
personal space. Moreover, where all parties completely appreciate the value of information
and the deal within which they are moving. Moreover, just a new social contract that includes
digital will facilitate us to accomplish its potential and make bigger the description of the
individual, reinforce democracy, and eventually get better lives.
Reflections
The following article presents the chance to the students to know about the importance of the
social media connection with digital age, in the formation of contracts, Form the article, it has
been observed that better social connections contribute to providing huge knowledge
regarding the product or a manufacturing, their terms and condition, process, moves etc.
Suppose, I am starting a new online business my social contacts with similar type association

is very much helpful for me. There policies and terms will be clearly understood by me and
keeping that in consideration I got an idea to move towards my business. It improves the
understating and fulfils the demands to generate a business. The future entrepreneurs would
be benefited in terms of designing social contract that would be helpful in contributing
individual customer information, however, where industry, political, and civic leaders uphold
the debate or hold up a campaign on data alertness extended after the dust has established on
Facebook and Cambridge Analytical. According to me, it is important to make a gap prior to
providing our data with no a tacit considerate since to how it is to be used. The whole world
has to understand the value of data that is essentially connected to the worth we put in each
other.

REFERENCES
Books
Harper, C.L. and Leicht, K.T., 2015. Exploring social change: America and the world.
Routledge.
Baym, N.K., 2015. Personal connections in the digital age. John Wiley & Sons.
Link to article
https://www.theguardian.com/commentisfree/2018/apr/04/we-need-to-build-a-new-social-
contract-for-the-digital-age