The blockchain is not compatible with the GDPR

Image CC0 creative commons by pexels.com

Coin Center, one of the largest think tanks in the world on the technology that is the basis of cryptocurrency, ie the blockchain, argues that it would not allow the full deletion of personal information. Consequently, it is not compatible with the new European Privacy Regulation, in force since 25 May, the GDPR Regulation 679/2016.
According to Article 17 of the GDPR (General Data Protection Regulation), users can request the complete removal of their personal data and companies are obliged to do so. In the case of blockchain technology, however, the elimination of information is very complicated because to modify it would need to operate throughout the chain as the various blocks are interconnected. Oxford University expert Michael Finck explained to "The Verge": "I think it's fair to say that the current blockchain systems are incompatible with the European regulation".
A very strong statement that implies only one solution, namely that both actors in the field, i.e. the regulatory system and technology, change to meet each other. According to Coin Center itself, developers of new blockchain technologies could make personal data anonymous, so legislators could amend the regulation to exempt blockchain from the deletion of personal data. And if all this doesn't happen it could be a problem for European developers. The new regulation would jeopardise the creation of these technologies, isolating the continent from what can be considered the future of the internet.