For example: Every user has the right to be forgotten, that is, all user data can be permanently deleted.
If John wants to delete his Facebook account, he only needs to make a request, and Facebook should be responsible not only for removing the content John requires on Facebook, but also deleting all of that data. its server. Including messages, calls, photos, etc., everything belonging to John's Facebook account must be removed to zero.
What is GDPR?
The European Union's Common Data Protection Framework (GNP) has been developed to create EU-wide data privacy laws aimed at protecting all citizens of the European Union. Europe. This regulation will replace the Data Protection Directive 95/46 / EC and there are differences in some significant ways, such as:
Greater authority. The General Data Protection Act applies to any company that treats the personal data of anyone in the European Union regardless of the location of the company.
Fines. Organizations, including control and processing companies, that do not comply with the GDPR may be subject to a maximum penalty of up to 4% of global annual revenues or € 20 million (whichever is greater).
Consensus. Consensus must be requested in a clear, easily accessible way - and must be capable of being distinguished from other issues. In addition, withdrawal of consensus should be as easy as providing.
Infringement Notification: Infringement notifications will be required - and must be completed within 72 business hours of the organization that first identified the violation.
Privacy. The GDPR requires data protection to be included from the beginning of the system design, not in the supplementary form.
For a complete list of the most important changes between the General Data Protection Directive and the Data Protection Directive 95/46 / EC, visit http://www.eugdpr.org/key-changes. .html.
Who is affected?
The GDPR applies to organizations in the European Union, as well as to companies located outside the EU. Basically, any organization that provides goods or services for or monitors the behavior of EU data subjects is affected by GDPR. The rules apply to both the control company and the processing company, which means "cloud computing" is not exempt from the implementation of the GDPR.
Any platform that uses a distribution ledger to store user data (blockchain, ethereum), in any way, breaks down. There is absolutely no way to handle this. What will happen if companies ignore this? Penalties will be charged to 4% of your company's revenue, or up to 20 million Euros.
So, if you've invested in a project, owned a project, or are generally interested in how the market will evolve, take note of the following: storing any user data On any public distribution ledger, you have to walk half way to say it is very, very expensive.
In the top 100 crypto coins, how many copper will face problems due to this new regulation? Platforms containing user data in any form must ensure that there is always a way to clear that data.
At this time, i know so much users of steemit have a questions :
Can a new Privacy Policy Save Steemit ?
Perhaps Steemit simply focused on the clause that:
Users should understand that the data they post may be invariant.
If you forgot your password, that means we can only ask for God's help.