Privacy Working Group
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The Working Group gathers mutual interest amongst INATBA members to obtain more guidance and particular help on privacy-relate issues from regulators. This may lead to issuing guidance, on the European level from the EDPB, change of current regulations and taking this key technology into account when drafting new regulations.
The WG has agreed on three objectives around which it will carry out its annual work:
- - Conduct a broad survey to substantiate the efforts and understand in more detail how blockchain projects perceive privacy regulations, in particular the General Data Protection Regulation (GDPR), and how it impacts them.
- - Understand how privacy regulation around the globe impacts blockchain (projects).
- - Strengthen the connection with the European Data Protection Board (EDBP) and obtain input on their expected opinion/guidance on blockchain.
Among others, Working Group Members are working to review blockchain implications of the ePrivacy Regulation draft and publish an update to their second report on data protection regulations across international regulations to include more territories.
Work to Date
The Privacy Working Group published a report on data protection regulations in the blockchain ecosystem, followed by a report on data protection regulations applicable to blockchain technologies across international jurisdictions. Members also responded to the Council Resolution on Encryption and hosted an event on Privacy Aspects of CBDCs.
Why is it essential?
Privacy regulations, and their unclear treatment of blockchain, are currently a limiting factor in the development of distributed systems and networks. As regulators currently work on the assumption client-server architecture for IT systems, there are no provisions for blockchain/DLT.