Blockchain threatened by “irreconcilable” differences with GDPR
internetofbusiness | May 25, 2018
The EU’s General Data Protection Regulation comes into effect today, as anyone who has received a “We’re sorry you’re leaving us” email knows. However, questions remain over exactly how companies deploying blockchain technology can harness the potential of distributed, immutable ledgers in compliance with the new data laws. GDPR gives EU residents enforceable rights over their personal data and how it is used by organisations. These include the right to ask for its erasure, mandates for informed consent, and rights over who controls and accesses that information.