Privacy Working Group
The Working Group gathers mutual interest amongst INATBA members to obtain more guidance and particular help from the regulators. This may lead to issued guidance, on the European level from the EDPB, change of current regulations and taking this key technology into account when drafting new regulations.
Objectives for 2020
The Working Group has selected three objectives around which it will carry out its annual work:
• The Working Group aims to 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.
• The Working Group aims to understand how privacy regulation around the globe impacts on blockchain (projects).
• The Working Group aims to strengthen the connection with the European Data Protection Board (EDBP) and input on the expected opinion/guidance on blockchain.
Outputs for 2020
The Working Group engages in a number of activities aimed at achieving the aforementioned objectives. Among others, the WG focuses on: the production and publication of the first Working Group Report on data privacy regulations applicable to blockchain technology in various jurisdictions; drafting and conducting a broad survey among industry players on data privacy/GDPR compliance or implemented blockchain-based solutions; providing input to the EDBP for conceiving guidelines on blockchain.
Why is it essential?
Privacy regulations, and their unclarity with regard to 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.