The European Union (EU) is taking an important step towards controlling how personal data is stored and accessed on the blockchain. The new guidelines from the European Data Protection Board (EDPB) are attracting significant attention as they propose strict limits to ensure blockchain technology does not violate the General Data Protection Regulation (GDPR).
This move is creating a wave of controversy, with one side being experts who see this as necessary to protect users, and the other side arguing it could stifle innovation and threaten the decentralization of blockchain.