How are Blockhain and data protection related? We analyze the impact of blockchain on data protection and main conflicts
Blockchain is a system of recording and sending information with regard to any transaction concluded on the internet, for example, deposits/withdrawals at your bank. In other words, it may be described as replicating, distributed ledger which creates a record of transactions. It is a foundation of cryptocurrency (bitcoin), however, its significance can be seen in other sectors such as Internet of things (IoT), Distributed Autonomous Organizations (DAO), or Distributed Ledger Technology (DLT).
Nevertheless, it was observed that blockchain technology is not as widely used as it could be.
The General Data Protection Regulation (GDPR) introduces new data protection novelties. One of these novelties is the obligation imposed of appointing a new person, the Data Protection Officer (DPD or DPO in English). This obligation will affect the from data proccesing is carried out.
This obligation is framed within the principle of proactive responsibility of the data controller in the field of data protection. It provides a better control and efficiency in line with the above regulations.
Who is the Data Protection Officer?
The Data Protection Officer is a new figure introduced by the General Data Protection Regulation (GDPR).
On 7 September 2020, the European Data Protection Board (hereinafter, “EDPB“) published Guide 8/2020 on the targeting of users of social medias (hereinafter, the “Guide“).
The aim of the Guide is to (i) identify the main subjects involved in social media advertising, and the responsibilities of their actions in these; (ii) identify the main risks and challenges posed by advertising campaigns aimed at users of these digital platforms.
The Guide begins by clarifying that the concept of “social media” must be understood in the broadest possible sense.
Fintech is a term currently defined as the union of the digital and finance worlds with the aim of creating the whole market of digital financial services accessible to as many people and companies as possible.
The Fintech concept includes the digitization of the financial sector; all those companies use new technologies in order to offer financial services in a simpler way than those currently offered by the banks.
Its attractiveness comes from the use of digital media to offer new responses to users of financial products, basing its virtues on simplicity, agility and security of its operations.
What is “sanbox”? On November 15, Law 7/2020 for the digital transformation of the financial system came into force. With this regulation, Spain is committed to technological innovation in the financial sector and opens the doors to the creation of ‘sandboxes’, providing a great opportunity to those financial operators who wish to start up innovative projects.
What is the ‘sandbox’ and requirements to access the ‘sandbox’:
The ‘sandbox’ is a testing ground through which the suitability or otherwise of a certain financial service is evaluated, due to the technological innovation it represents,
How to adapt my business to online sales is a question that millions of companies have been forced to ask themselves in the face of global pandemic situation caused by COVID19.
While the digitization of businesses has been a general trend adopted in recent years, there is no doubt that the current health situation has confirmed that the off-line online sales system is lagging behind; forcing businesses to either take the leap and open an online sales channel or improve and incentivize their existing digital strategy.
In order to sell products or services online, it is essential to take into consideration a number of legal aspects related to data protection,
The Supreme Court of Justice of Andalusia, considered in the Judgement of October19, 2017 that the use of data obtained with the use of GPS installed in a company car to initiate disciplinary proceedings for a purpose other than its own, violated fundamental rights and the dismissal had to be declared void.
Instead, the Supreme Court allowed an appeal of a company that fired a worker for using the company car while on medical leave and outside of working hours.
In order to answer this question, the Court asks whether the control goes beyond the limits of the purpose assigned to the data collection system and whether,
On 10th October 2020, in Washington DC, U.S.A Justice office and eleven state Attorneys General filed a lawsuit against Google for Violating Antitrust Laws in the U.S.A
The government lawyers accuse Google of using anticompetitive tactics in order to maintain and extend its monopolies in the market for intent search, search advertising. The lawsuit states ‘’two decades ago, Google became the darling of Silicon Valley as a scrappy startup with an innovative way to search the emerging internet. That Google is long gone. The Google of today is a monopoly gatekeeper for the internet, (…)’’.
Are you wondering what is wealthtech? In the recent years, new financing and investment formulas for companies have appeared known as wealthtech . These provide quick access to capital and simplify processes.
What is Wealthtech?
Wealthtech is the contraction of Wealth and Tech, a term created to designate a subcategory of Fintech where financial technology companies create digital solutions to transform the investment and wealth management industry.
They manage and grow people’s wealth with advisors based on artificial intelligence and big data,
The current pandemic caused by the Covid-19 that we are currently experiencing has caused companies to implement telework since this form of work allows companies to continue economic activity safely for their workers. The health problems we have had have caused this telework system to be implemented immediately, a system that many companies never considered.
There are all kinds of scenarios since there are many entities that either did not contemplate this modality or did not have adequate planning.
Also, the extensions of the State of Alarm have helped companies to make a more paused reflection of this system and thus be able to implement a teleworking that from the point of view of privacy and taking into account the current regulations on data protection,
The debate between digital law and social networks: What is digital law? What happens on Facebook and Instagram
The use of social networks in companies business models is becoming more and more popular. That’s why digital law is so important. The Internet, with the arrival of new technologies, has given a 180-degree spin to communication systems. Consumer habits and needs have changed, which has affected the publicity of the products and services of the companies.
Likewise, with social networks, businesses find new channels for the promotion and sale of their products, achieving a more active and participative target audience,