Ethereum has developed a new privacy proposal that complies with EU requirements 🔗
The proposed $ETH privacy approach is based on the use of a modular architecture and complies with GDPR requirements in the European Union.
In public blockchains such as Ethereum, there is a challenge in reconciling the principles of immutability and decentralization with data protection rules.
To solve this problem, it is proposed to move personal data to the periphery (wallets and dapps) and use offchain storage with metadata deletion. It is also proposed to split roles
cryptographically, which will focus GDPR controller responsibilities on a limited number of entities.
Reggianini noted that the main goal is to transfer information management to the relevant application layer actors, who will decide how to process personal data.
In essence, personal data must be transformed or abstracted before reaching the blockchain execution layer, and certainly before propagating through the consensus layer