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We’re witnessing the convergence, and perhaps the collision, of two powerful new forces in data privacy: the European Union General Data Protection Regulation (GDPR) and the emergence of blockchain based privacy solutions. These two forces share similar fundamental principles, such as individual control over personal information and data minimization, and blockchain may very well offer simple and powerful solutions to implement some of the GDPR’s mandates. At the same time, these two forces – which have emerged independently – are on a potential collision course, particularly with respect to the GDPR’s right to erasure, also known as the ‘‘right to be forgotten.’’ Although blockchain developers have reason to be nervous, or at least very vigilant, about GDPR compliance, we believe that the GDPR does not preclude businesses engaged in processing EU personal data from using blockchain. <a href="https://www.bakerlaw.com/webfiles/Privacy/2018/Brief/Five-Things-Blockchain-Cos-Need-to-Know-About-GDPR.PDF">Read the full article</a> to learn more about how companies can harness the benefits of blockchain while ensuring that data stored on a blockchain is compliant with GDPR requirements.

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Five Things Blockchain Firms Need to Know About the GDPR