GDPR and Blockchain

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1. GDPR and Blockchain - The Future of Data Privacy -
2. Does GDPR and blockchain go hand in hand?
3. What is GDPR? The General Data Protection Regulation (GDPR) is the European regulation policy to improve privacy and provides more control to people over their personal information and how it is to be used.
4. General GDPR Policies Article 15 : Grants EU Citizens the right of access. Article 17 : Grants EU Citizens the right to be forgotten and to erasure. Article 20 : Grants EU Citizens the right to data portability. Article 25,32 : Require companies to implement reasonable data protection measures.
5. General GDPR Policies Article 33,34 : Requires companies to report data breaches to supervisory authorities. Article 35 : Require companies to perform data protection impact assessments. Article 37 : Require companies to appoint data protection officers.
6. GDPR & its Global Outreach GDPR policies are not restricted to European countries alone. It can be implemented in other countries as well. They are also responsible for handling the private information of the EU residents outside European continent. Any outside country planning to have a trade deal with European union will also have to sign the GDPR agreement in the near future These will make the EU countries the leaders in data protection policies.
7. Does Blockchain come under GDPR? Blockchain also comes under GDPR policies as it deals with the storage of important personal data.
8. GDPR and Blockchain? - When a blockchain contains personal data, GDPR is applicable. - Both works onto decentralize the data control and to stop power control of centralized service providers. - Helps to control the data by the users themselves instead of third parties.
9. GDPR and Blockchain? - Blockchain can decide who can access the data and who cannot based on smart contract. - So, users will be the ones who deals with their own data.
10. Conclusion There are many GDPR compliant blockchain solutions like the dispatch protocol. Blockchain Technology promotes high security in terms of data integrity. So, GDPR and blockchain can go hand in hand. And GDPR may promote blockchain technology in the near future.
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