PANews reported on April 23 that according to Decrypt, the European Data Protection Board has approved draft rules governing how personal data is stored and shared on blockchains. The European Data Protection Board (EDPB) said the new guidelines limit access to stored information and comply with the protection provisions of the General Data Protection Regulation (GDPR). The EDPB approved the rules this month and opened them to public comment until June 9.
“Certain characteristics of blockchain may create challenges when meeting the requirements of the GDPR. The guidance emphasizes the need for data protection by design and by default, as well as adequate organizational and technical measures,” the new guidance states. “In general, the storage of personal data on a blockchain should be avoided if it conflicts with data protection principles,” the document adds.
