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b'PRIVO \\u2013 Privacy Vaults Online Inc. \\u2013 was established to enable web sites to comply with COPPA - the Children\'s Online Privacy Protection Act. Denise Tayloe, co-founder and CEO of PRIVO, spoke with Regarding ID\\u2019s Gina Jordan about the project. PRIVO was awarded $1.6 million for the first year of the pilot. If the company meets its milestones, it\'ll get about the same amount for year two. Tayloe says they\'ll start by establishing a Minors Trust Framework with 50 different relying parties. "It\'ll create an online identity trust model compliant with COPPA and the new rule update, and then other nuances around children \\u2013 transactions on the Internet," Tayloe says. "Just the fact that they\\u2019re minors, there are things that need to be taken into consideration for the framework."'