Businesses that deploy blockchain technology lack the required clarity over EU General Data Protection Regulation (GDPR) compliance. Blockchain data is retained and stored without the ability to delete it, potentially violating the right to be forgotten under Article 17 of the GDPR. "This is a completely new area for regulators that raises a ton of issues," according to Jones Day Partner Jörg Hladjk, noting how Data Protection Authorities (DPAs) must address potential liability, legal bases for processing and how to exercise data subject rights.
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