New recommendations for limiting unauthorized access to the blockchain-dane European crypto-investors are designed to ensure the compliance of the distributed register (DLT) technologies and the general regulations for the protection of the European Union (GDPR), explained in the EDPB.
EDPB Recommends Use data minimization techniques such as anonymization (complete removal of identifying information) or pseudonymization (replacement of identifiers, for example, public keys, for random values). Instead of storing the full address of the wallet or IP address in the blockchain of cryptocurrencies, drove identifiers will be able to use that cannot be associated with a specific person without additional information stored outside the blockchain.
According to officials, all this will reduce the risk of revealing personal data in public blockchains, as well as eliminate the conflict between the requirements of the transparency of the blockchains and the confidentiality of the GDPR.
Recommendations are published in the form of a document project called “Guide Principles of Personal Data using the Guidelines on the Processing of Personal Data Throuch Blockchain Technologies) and open for public consultations until June 925.
Earlier, at a meeting of ministers of telecommunications in the European Council, it was announced to the creation of a new organization, the European Consortium of digital infrastructure, which was entrusted with the development and introduction of a sovereign blockchain of the EU countries under the working name of Europeum.
Source: Bits
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