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Blockchain Clashes with EU Privacy Laws (GDPR)

Admin Globaldots
image 1 Min read

Blockchain technology is no longer limited to cryptocurrencies, it’s being adopted by a myriad of organizations for different applications: from executing contracts to providing identity management.

There’s a huge problem on the horizon though, and that’s the upcoming EU’s General Data Protection Regulation (GDPR). This law says that users must be able to demand that their personal information is deleted under any circumstances.

This means that Blockchain will run into problems when GDPR comes into effect on 24 May 2018, since blockchain is based on unalterable data chains for transparency.

It remains to be seen if and how blockchain technology will adjust to these new EU rules.

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Read more: TheNextWeb

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