ON GDPR AND BLOCKCHAIN
The General Data Protection Regulation (GDPR) and blockchain: a paradox? Can a company be GDPR compliant while employing blockchain technology?
These are the questions percolating as the regulation, which will profoundly affect European privacy law, enters into force on May 25, 2018. Under the new rules, a company must comply with an EU citizens’ request to delete their personal data, regarded as “the right to be forgotten”.
However, by nature, transactions on a blockchain aren’t meant to be deleted but recorded permanently.
A survey of the complexities:
Andries Van Humbeeck of The Ledger on “The Blockchain-GDPR Paradox”.
David Meyer [iaap] who proclaims that “Blockchain technology is on a collision course with EU privacy law”.
Amy Grant [Tripwire] in a piece entitled, “Blockchain and GDPR: Between a Block and a Hard Place”, ponders whether blockchain and GDPR can be reconciled.
Other blockchain proponents advocate for bitcoin to be exempt altogether from GDPR. [Shannon Liao/ The Verge]
Solutions? “Shanghai-Based Blockchain Technology Company APEX Technologies Provides Game-Changing Solution for GDPR” [PRNewsire]
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