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.

Read full paper Subscribe to the IICJ
Germany Data Protection Banking & Finance January 2020 Vol.13, No. 50, Winter 2020

Matthias Artzt

More

Dr. Matthias Artzt, CIPP/E, is a full certified lawyer and a senior legal counsel at Deutsche Bank AG Frankfurt/Germany, which he joined in November 1999. Prior to this position, he was a counsel at a law firm in Stuttgart/Germany. Dr. Artzt is an expert on data protection law with many years of experience. He was involved in the implementation of the GDPR within the organization of Deutsche Bank AG. Further, he advises internal clients globally regarding data protection issues as well as complex international outsourcing agreements involving data privacy related matters and regulations. He is a graduate of the University of Tübingen/Germany, where he earned his PhD. Moreover, he is a member of the IAPP European Advisory Board. Dr. Artzt has already published several articles on data privacy topics and is a regular panel speaker on various international conferences, seminars and webinars, e.g. at the Central Bank of Brazil in 2018. He has an in-depth knowledge of the GDPR and the interfaces between the GDPR and Cloud Computing, Big Data, AI, Blockchain, US-Cloud Act and PSD2. Dr. Artzt is co-editing and co-authoring the Handbook of Blockchain Law which will be published and launched by Wolters Kluwer in May 2020. Therein he is, in cooperation with William Long from Sidley Austin LLP, covering the area of data privacy in relation to the Blockchain technology.

Deutsche Bank AG

More

Germany Data Protection Banking & Finance January 2020 Vol.13, No. 50, Winter 2020
False