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
The Working Group has selected three objectives around which it will carry out its annual work:
• Finding common grounds between the GDPR and blockchain technology,
• Ensuring privacy in the context of central bank digital currencies (CBDC),
• Use of Zero-Knowledge Proof technology for digital identities,
• Supporting initiatives for data sovereignty.
Data Act |
Report: Data Protection Regulations Applicable to Blockchain Technology in Different Jurisdictions Worldwide – 2021–2022 edition |
Report: Data Protection Regulations Applicable to Blockchain Technology in Different Jurisdictions Worldwide – 2020 edition |
The Impact of Data Protection Regulations on the Blockchain Ecosystem |
Response to Draft Council Regulation on Encryption |
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.