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PICOPS is an authentication service for the Ethereum crypto-currency. It used blockchain technology to store personal information as a way to ensure that traders in Ethereum weren’t located in places where crypto-currencies are prohibited.
Unfortunately for PICOPS, using blockchain to store personal information breaks some key requirements of the GDPR. For example, Article 5 of the GDPR requires personal information to be processed lawfully, fairly and in a transparent manner, but with blockchain there’s no transparency because everything is encrypted.
There are other problems. The GDPR requires that anyone can request that their data be deleted in their right to be forgotten. But blockchain data cannot be deleted—ever. Read more from eweek.com…
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