Data Regulator Warns French Businesses Over Blockchain and GDPR

Data Regulator Warns French Businesses Over Blockchain and GDPR

The French data protection authority recently warned businesses to consider other technologies first before committing to their blockchain projects.

The Commission Nationale de l’information et des Liberties (CNIL) said that while blockchain can be useful in applications like transferring assets since it acts as a register that ensures traceability, and for the launch of smart contracts, it can also pose a challenge for businesses in relation to their compliance with the GDPR and therefore will not always be the most suitable solution for all processing.

The CNIL also urged businesses to observe the principle of ‘privacy by design’ and see whether it is appropriate to use blockchain technology rather than an alternative technology for the implementation of activities involving the processing of personal data.

Source: Out-Law

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