Blockchain Technology: Strategies for Compliance with Data Privacy Laws


This practice note discusses blockchain technology, key data privacy issues arising in the blockchain context, and how you can mitigate risk. Blockchain is considered one of the most innovative technological advancements since the creation of the internet, transforming entire industries on a global scale at an exponential pace. Implementation of this technology, however, revealed a gap in traditional regulatory regimes. Unique aspects of blockchain technology can cause discord between traditional data protection regulations and fundamental principles underlying blockchain, including personal data rights, processer compliance obligations, borderless transactions, and general anonymity considerations.