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European Data Protection Regulation and the Blockchain Analysis of the Critical Issues and Possible Solution Proposals

Authors:
Nicola Fabiano

Keywords: Data Protection; GDPR; Blockchain

Abstract:
The blockchain represents an Internet revolution in terms data usage, storage, anonymity, encryption, and so on. The technical evolution of the blockchain also has an impact on the Internet of Things (IoT) phenomena. However, we should take into account the legal issues related to the data protection and privacy law. Technological solutions are welcome, but it is necessary, before developing applications, to consider the risks to the fundamental rights and freedoms which we cannot dismiss. Personal data is a value. It is important to evaluate the European Regulation n. 2016/679, General Data Protection Regulation (GDPR) that applies from May 25th 2018. The GDPR introduces Data Protection by Design and by Default, Data Protection Impact Assessment (DPIA), data breach notification and significant administrative fines in respect of infringements of the Regulation. It is fundamental to evaluate the blockchain and its compliance with the GDPR principles. Regarding the data protection and security risks, there are some issues with potential consequences for data and liability. A correct law analysis allows evaluating risks preventing the wrong use of personal data. The contribution describes the main general principles according to the GDPR and the aspects related to the blockchain.

Pages: 26 to 30

Copyright: Copyright (c) IARIA, 2018

Publication date: June 24, 2018

Published in: conference

ISSN: 2308-443X

ISBN: 978-1-61208-644-6

Location: Venice, Italy

Dates: from June 24, 2018 to June 28, 2018