A potentially problematic challenge for industry and legislators is the apparent tension between privacy rights and the rapid adoption of blockchain-based applications which are expected to reach $10.6 billion in revenue by 2023.
More rigorous privacy regulations such as the EU GDPR and a number of US privacy initiatives such as the recently ratified California Consumer Privacy Act impose higher standards on data controllers and processors to safeguard privacy rights – including data subject consent management, accommodating data subject requests, data portability and more onerous data controller and processor accountability standards.
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This is the 12th post in a series on privacy by Andrew Pery. You might also be interested in:
This is the 11th post in a series on privacy by Andrew Pery. You might also be interested in:
Now that the EU General Data Protection Regulation (GDPR) is in force organizations are ramping up their efforts to re-fresh data subject consent obtained prior to GDPR and under the EU Data Protection Directive 95/46/EC by virtue of which opt-out, or implied consent was permissible.
This is the ninth post in a series on privacy by Andrew Pery. You might also be interested in: Three Critical Steps for GDPR Compliance Mitigate Data Privacy and Security Risks with Machine Learning The Privacy and Security Dichotomy GDPR and Cross Border Data Flows between the EU and the US: Current State of the Law Privacy by Design: The Intersection of Law and Technology What Do the GDPR and new Privacy Laws Mean for U.S. Companies? Balancing Privacy Rights with Social Utility in the Age of the Internet of Things. GDPR Compliance Starts with Data Discovery Consider this – over ninety percent of world’s data, estimated to be a staggering sixteen zettabytes, was created in the past 5 to 6 years. And, it is estimated that by 2025 the world’s digital data will grow to one hundred and sixty three zettabytes.