Identifying Controllers and Processors in a Blockchain Environment in the Light of GDPR
Matthias Artzt, Senior Legal Counsel, Deutsche Bank AG, Germany
Blockchain technologies have emerged as a disruptive way of executing business processes in decentralised environments. It was originally created to facilitate cryptocurrency transactions (such as Bitcoin), which are currently facing a downward spiral or “crypto crisis”, with demands for regulation and consumer protection. Blockchain, though, has managed to break free from negative associations and distinguishes itself from cryptocurrencies. Large companies, entrepreneurs and investors have recognized the potential of the underlying technology as a game-changer similar to the Internet. The blockchain technology has been gaining momentum for a big range of industries.
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