The European General Data Protection Requirements (GDPR) that came into effect in May 2018 protects consumers from data brokers and aggressive companies who misuse consumer data for profit. Organizations that fail to comply with GDPR face significant fines of up to €20m or 4% of their total worldwide annual revenue.
The Dispatch protocol was purpose-built to comply with GDPR requirements. If you are a developer transitioning to Blockchain or creating your new dApp, you don’t have to worry about GDPR compliancy when using Dispatch. We’ve made it easy to comply with each of the four main requirements of GDPR:
• Data Permanence
• Widespread and Ongoing Processing of Ledger
• Identifying Data Controllers and Data Processors
• Automated Decision Making