Can Blockchain Help Brands Become GDPR Compliant?

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The aftermath of GDPR is still unraveling. But one thing is clear for certain – a lot of companies still struggle to make sense of how the new provisions apply to the blockchain.

Blockchain technology has already gained significant interest in several industries including healthcare, supply chain management and the financial industry, of course. While the exact use cases vary from industry to industry, most agree that blockchain offers a new, more secure way of storing and processing large volumes of data.

The wrinkle, however, is that the immutable nature of the blockchain technology is a stumbling block to GDPR regulations. Decentralized systems are a gray area in terms of legislature. Current provisions demand that companies allowed users to remove or correct their personal data from their databases.

Can blockchain help to secure users’ data on the Internet? What new uses does Nagezeni offer?
Rush to Forbes to find the answers!