EU Approves Blockchain Data Protection Guidelines Amid GDPR Concerns

According to PANews, the European Data Protection Board (EDPB) has approved a draft of rules governing the storage and sharing of personal data on blockchain technology. The guidelines aim to limit access to stored information and ensure compliance with the General Data Protection Regulation (GDPR). The EDPB approved these rules this month and has opened them for public consultation, with a deadline set for June 9. The guidelines acknowledge that certain characteristics of blockchain may pose challenges in meeting GDPR requirements. They emphasize the necessity of data protection by design and default, along with adequate organizational and technical measures. The document advises against storing personal data on blockchain if it conflicts with data protection principles.