Now, picture Sophie, an aspiring entrepreneur from Tallinn, Estonia. She’s been working like an evangelist to the core on developing a truly revolutionary supply chain tracking system based on blockchain. It offers consumers transparency and ethical sourcing, two things consumers are clamoring for. Sophie's facing a nightmare: GDPR compliance. Every...
The European Union's General Data Protection Regulation (GDPR) has created a challenging situation for public blockchains, potentially putting them on a collision course with Europe's privacy guardians. One of the main tensions is GDPR’s data minimization principle. This principle means that organizations can’t collect and retain more data than is...
The EDPB's stance is clear: GDPR applies to blockchain. Period. No carve-outs for decentralization, immutability, or “but it’s just a digital ledger! This isn’t news. What’s really troubling is the possibility for regulatory overreach that would stifle Europe’s rapidly growing crypto industry. To be clear, we’re discussing all of the...
The European Data Protection Board (EDPB) is venturing into the largely uncharted territory of blockchain technology. They are now rolling out enhanced guidelines to bring it in line with today’s privacy expectations, particularly the General Data Protection Regulation (GDPR). These draft guidelines are currently out for public comment until June...
The European Data Protection Board (EDPB) has issued new guidelines addressing security and data protection within blockchain technology, raising concerns and sparking debate among industry leaders. The guidelines encourage making technical and organizational measures the default, essentially building them in at the earliest possible design stages of data processing. These...
The EDPB’s opinion was released last week, and it is a privacy bombshell for the blockchain universe. Their draft guidelines, intended to fit blockchain technology into the GDPR framework, are sending waves of concern throughout the industry. So the question is not whether this will affect Asia, but how it...
