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RE: Smart Media Tokens Use Cases, Caveats And Limitations - The SMT White Paper Series, Ep. Three

in #steemit8 years ago

If there is such a legal requirement, then I think we could have a problem. At the UI level a website can enforce policies for not showing certain data, but that data will always be present in the blockchain, that's the goal of a blockchain after all, to keep data immutably, for ever.

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This is the wikpedia about it :

And the full EU details are in this document :

I guess it will take lawyers to pull this apart to see how it will apply, or not, to blockchain based systems.

If the EU legislation does apply I am sure there will be some interesting test cases as blockchain sites like steemit add to their content base.