Blockchain and the GDPR: reconcilable differences?
1 min read
Blockchain technology has advanced tremendously over the past decade, and now provides a viable alternative to traditional database solutions. However, the GDPR poses significant compliance hurdles to the ongoing development of blockchain-based solutions that involve storing (and transacting with) personal data. Some have gone so far as to call blockchain fundamentally incompatible with the GDPR. However, with some collaborative, proactive and innovative thinking by lawmakers and technology providers alike (and some much needed, up-to-date guidance from European regulators) blockchain solutions that respect the fundamental principles of data protection and privacy are achievable.
This article first appeared in the Privacy Laws & Business UK Report, Issue 102 (March 2019).
