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There's a very naive assumption in the article that Blockchain being incompatible with GDPR issue can be resolved by altering GDPR. I think it is impossible: G

by mamon 9y ago

There's a very naive assumption in the article that Blockchain being incompatible with GDPR issue can be resolved by altering GDPR. I think it is impossible: GDPR is specifically designed to prevent sensitive personal information from leaking and information about one's financial transactions is one of the most sensitive pieces of information there is. So, if GDPR versus Blockchain case ever reaches any EU court the only possible ruling is to outlaw the Blockchain technology (at least in it's current incarnation).

wyldfire 9y ago
Laws are mutable, in general blockchains aren't. It is the case that the law can be modified. > I think it is impossible Unless they create an exemption for technologies which effectively partition transaction details from identity details. Or they could require the use of masking/ambiguation features like Ring signatures, mixer/tumblers, etc.
- geocar 9y ago
  > Laws are mutable, in general blockchains aren't. It is the case that the law can be modified. Or storing someone else's personal information on the blockchain opens you up to an effectively unlimited liability: Not smart. It really depends on what is being stored. Is it that there is €30 in account 123 and €50 in account 234? It's unclear if this is personal information if someone can have multiple accounts and access them anonymously.
- deleted 9y ago
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