Now that the European Union’s General Data Protection Regulation (GDPR)--the most comprehensive individual data protection law in history--has gone into effect, it is important to know where your business stands in regard to your potential liability. One technology that has a rather lot of ambiguity surrounding it is blockchain, which is essentially an encrypted and distributed digital ledger. How is the development of blockchain, which is built on the idea of security through transparency, going to fare under the guidelines of the new GDPR regulations?
For our Tech Terms, we sometimes dig into the inner workings of your computer or other technology hardware, but sometimes we like to dig into details of new or emerging technology that’s taking the industry by storm. Today, we’re doing just that by discussing what a blockchain is and how it works.
Blockchain is typically related to cryptocurrency, and most of the time you’ll hear these two words in the same sentence. Bitcoin has both risen and collapsed in value over the past few months, which has led many industry professionals to consider other ways to take advantage of blockchain technology. In fact, the blockchain is actually quite useful for a number of different purposes.
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