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Blockchain can both enhance and undermine compliance but is not inherently at odds with EU privacy laws

Lokke Moerel & Marijn Storm

Journal of Investment Compliance2021https://doi.org/10.1108/joic-10-2020-0037article
ABDC C
Weight
0.44

What the paper says

Purpose To explain the authors’ position that the use of blockchain technology is not incompatible with European Union privacy laws and in particular the EU General Data Protection Regulation (GDPR). Design/methodology/approach Explains the basics of blockchain technology and the GDPR, several reasons why some scholars consider BC not to be compatible with the GDPR, and why the authors believe that the GDPR will be able to regulate the use of blockchain technology. Findings The current perception is that blockchain is not compatible with EU privacy laws. The authors disagree that this is the case and explain why none of the issues identified by legal scholars and stakeholders are likely to pose issues for blockchain technology. Their conclusion is that EU privacy laws are well able to regulate also this new technology. This does however not mean that blockchain will thus be suitable for all use and deployment cases. Originality/value Practical guidance and explanation of complex issues by lawyers with extensive experience and expertise in dealing with data protection, cybersecurity, privacy, intellectual property and related issues.

3 citations

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Cite this paper

https://doi.org/https://doi.org/10.1108/joic-10-2020-0037

Or copy a formatted citation

@article{lokke2021,
  title        = {{Blockchain can both enhance and undermine compliance but is not inherently at odds with EU privacy laws}},
  author       = {Lokke Moerel & Marijn Storm},
  journal      = {Journal of Investment Compliance},
  year         = {2021},
  doi          = {https://doi.org/https://doi.org/10.1108/joic-10-2020-0037},
}

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Blockchain can both enhance and undermine compliance but is not inherently at odds with EU privacy laws

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Evidence weight

0.44

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.23 × 0.4 = 0.09
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.