Blockchain Technology: Data Privacy Issues and Potential Mitigation Strategies
Blockchain is one of the most hyped developments to arrive on the technology scene in recent years. However, blockchian technology and data privacy laws and regulations have largely developed independently. Heightened global data protection regimes with dramatically increased potential fines drives businesses to further reevaluate their privacy practices. Significant ambiguity and complexity currently exist for organizations in applying data privacy requirements to blockchain technology and associated services.