this post was submitted on 01 Apr 2024
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I smell bullshit written by spicy autocomplete, or at the very least it has LLM drivel pasted into it in various places.
Lol what? The EPRS has quite unambiguously stated that there are multiple points of tension between blockchain tech and the GDPR, and that "decentralization == security" is a false assumption for various reasons. There's also the elephant in the room that every person maintains the right to all copies of their data at all times (mainly articles 16 and 17 GDPR), which is a problem if it exists in an uneditable distributed ledger.
The conclusion of that study was, and I quote, "that it is not possible to assess the compatibility between 'the blockchain' and EU data protection law", and the only reason why it even might be compatible is mainly because of "the uncertain definition of 'erasure' in Article 17 GDPR". But even then they only admit that there could by hypothetical beneficial use cases but fail to find any with current blockchain tech.
Source: Blockchain and the General Data Protection
those bits of the GDPR were not written with blockchain in mind at all. However, I am reliably informed that the authors were quite delighted to find they'd preemptively made it actionably pretty much illegal to put PD on a blockchain