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Will blockchain run afoul of GDPR? (Yes and no)

As a EU prepares to hurl out new information insurance regulations this month, concerns are rising that they could inhibit businesses from rolling out blockchain-based projects since a online transaction record competence inherently mangle a new rules.

The EU’s General Data Protection Regulation (GDPR) targets citizens’ privately identifiable information (PII), providing clarity around a use and giving people a right to shorten a use or ask it be deleted all together.

While GDPR never mentions PII, a new manners describing “personal data” are synonymous with it: “Any information that relates to an identified or identifiable vital individual. Different pieces of information, that collected together can lead to a marker of a sold person, also consecrate personal data.” In short, it means any information that can be tied behind to person’s identity.

Blockchain, that has taken a business universe by storm, is an online electronic distributed bill record that can emanate an permanent record for recording a story of transactions; therefore, if blockchain were to be used as a form of database to covenant with PII, it would by default run afoul of GDPR rules. Blockchain ledgers can be combined to, though information on a network can't be mutated or deleted. It’s a write-once, append-many technology.

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