19 Mar 2019
This article is an abridged version of the full paper “March of the blocks: GDPR and the blockchain”, published jointly by Slaughter and May and Cravath, Swaine and Moore LLP, as commissioned by the Center for Global Enterprise.
Blockchain technology has advanced tremendously over the past decade, and now provides a viable alternative to traditional database solutions. However, the GDPR poses significant compliance hurdles to the ongoing development of blockchain-based solutions that involve storing (and transacting with) personal data. Some have gone so far as to call blockchain fundamentally incompatible with the GDPR. However, with some collaborative, proactive and innovative thinking by lawmakers and technology providers alike (and some much needed, up-to-date guidance from European regulators) blockchain solutions that respect the fundamental principles of data protection and privacy are achievable.
This article first appeared in the Privacy Laws & Business UK Report, Issue 102 (March 2019).
See the full paper March of the blocks: GDPR and the blockchain.
This material is provided for general information only. It does not constitute legal or other professional advice.
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