Europe Moves to Rein In Blockchain Data Access With New Privacy Guidelines

Europe Moves to Rein In Blockchain Data Access With New Privacy Guidelinesdecrypt.co
Europe moves to rein in blockchain data access with new privacy guidelines
by rvolz.eth1470 🥝 • 1y
AI summary of the linked article

The European Data Protection Board (EDPB) has approved draft guidelines on storing and accessing personal data on blockchains, aiming to align the technology with GDPR rules. The board states that storing personal data on a blockchain should generally be avoided if it conflicts with data protection principles, and it urges organizations to conduct Data Protection Impact Assessments before processing such data where high risk is likely. The EDPB ratified the rules this month and opened public comment until June 9. Bryn Bennett of Hacken says decentralization does not mean deregulation, while Harry Halpin of Nym Technologies says it is a mistake to put personal data on the blockchain.

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Making the case for zero knowledge proofs

"It is also a mistake to apply data protection laws to data on the blockchain, as the 'right to be forgotten' would effectively require decentralized blockchains to be mutable and censored by regulators. If this is the goal, then just use normal centralized databases.”
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Isn‘t GDPR on its way out?

https://news.kiwistand.com/stories/Europe's-GDPR-privacy-law-is-headed-for-red-tape-bonfire-within-'weeks'?index=0x67f3d878f85cef173c5f0e9dff10979dd0d394c1f61c40246039d34cd6554f6c779bf722

Or are we now getting even more protectionist and stricter rules?
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I think there could be multiple institutions in Brussels with different perspectives, not sure which one has the power to actually change things.
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