Blockchain technology is on a collision course with EU privacy law

Those who have heard of “blockchain” technology generally know it as the underpinning of the Bitcoin virtual currency, but there are myriad organizations planning different kinds of applications for it: executing contracts, modernizing land registries, even providing new systems for identity management.

There’s one huge problem on the horizon, though: European privacy law.

The bloc’s General Data Protection law, which will come into effect in a few months’ time, says people must be able to demand that their personal data is rectified or deleted under many circumstances.

Source: Blockchain technology is on a collision course with EU privacy law