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Personal data, the heart of the GDPR.
Blockchain is a technology with a high development potential that covers a very wide range of situations.
Blockchains can be used to transfer assets (for example: Bitcoin or property deeds), be used as a ledger that ensures traceability (for example: real estate transactions), or even to launch a smart contract (an independent program that “freezes” an agreement reached by two people on a blockchain in the form of an algorithm).
Compliance with the European Union's General Data Protection Regulation (GDPR) represents a significant challenge for Blockchain technology and its applications.
The GDPR is a regulation in the European Union that aims to give citizens and residents control over their personal data.
GDPR compliance isn't about the technology, it's about how the technology is used.
The immutability, tamper-proof nature, and decentralized structure of Blockchains collide with the privacy, collection, and data processing requirements described in the GDPR.
This e-book proposes a critical view of existing approaches and solutions to align GDPR compliance with Blockchain technology.
In addition, it presents an alternative perspective that addresses regulatory gray areas, but also defends the need to cultivate flexibility within regulatory and political frameworks.
By adopting this paradigm shift, the full potential of Blockchain technology can be unlocked, promoting innovation and paving the way for transformative Blockchain applications.
Although it may be long, I believe that it contains essential information to understand the challenges that lie ahead.