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Entertainment and Sports Law Litigation Privacy Regulations

Issues Between EU Data Protection, Use of Blockchain

Emerging technologies and regulations have the power to create, shape or kill businesses. For the entertainment industry, the European Union’s (EU) General Data Protection Regulation (GDPR) and blockchain technology each embody forces that have the potential for profound impact. Taken in tandem, the GDPR and blockchain highlight the possibilities and pitfalls of disruption and the importance of cross-organizational collaboration in compliance and innovation initiatives.

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Emerging technologies and regulations have the power to create, shape or kill businesses. For the entertainment industry, among others, the European Union’s (EU) General Data Protection Regulation (GDPR), a privacy regulation with worldwide implications that took effect on May 25, 2018, and blockchain technology, which has generated much attention in the entertainment sector for its decentralized digital currency and accounting capabilities, each embody forces that have the potential for such profound impact. Taken in tandem, the GDPR and blockchain highlight the possibilities and pitfalls of disruption and the importance of cross-organizational collaboration in compliance and innovation initiatives.

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