Page 0021

4.7

International transfers of

personal data

Given the global nature of many blockchain solutions,

it is also important to consider restrictions on

international transfers of personal data under the GDPR.

The GDPR provides that personal data may only be

transferred outside the EEA where the transfer is:

• to a country that the European Commission

has determined provides an adequate level of

protection for individuals' personal data (known as

an adequacy decision);11

• to a third party subject to appropriate safeguards under

the GDPR, which is usually established by the transferor

and the transferee agreeing to a contract containing

the European Commission's model international data

transfer clauses;

• to a company that is subject to binding corporate rules

approved by a European data protection regulator; or

• in one of a defined list of specific situations set out in

the GDPR, such as where the data subject has explicitly

consented to the transfer or where the transfer is

necessary for the performance of a contract with the

data subject.

In practice, commercial parties seeking to transfer

personal data outside the EEA to a country that is not the

subject of an adequacy decision will usually enter into

an agreement that includes the European Commission's

model data protection clauses.

A GDPR governed blockchain solution which

transfers personal data to participants around the

world should therefore provide for the transferor

and transferee agreeing to the model data protection

clauses as part of the governance provisions.

GDPR and the Blockchain I 19

Index

  1. Page 0001
  2. Page 0002
  3. Page 0003
  4. Page 0004
  5. Page 0005
  6. Page 0006
  7. Page 0007
  8. Page 0008
  9. Page 0009
  10. Page 0010
  11. Page 0011
  12. Page 0012
  13. Page 0013
  14. Page 0014
  15. Page 0015
  16. Page 0016
  17. Page 0017
  18. Page 0018
  19. Page 0019
  20. Page 0020
  21. Page 0021
  22. Page 0022
  23. Page 0023
  24. Page 0024
  25. Page 0025
  26. Page 0026
  27. Page 0027
  28. Page 0028
  29. Page 0029
  30. Page 0030
  31. Page 0031
  32. Page 0032
  33. Page 0033
  34. Page 0034
  35. Page 0035
  36. Page 0036
  37. Page 0037
  38. Page 0038
  39. Page 0039
  40. Page 0040
  41. Page 0041
  42. Page 0042
  43. Page 0043
  44. Page 0044
  45. Page 0045
  46. Page 0046
  47. Page 0047
  48. Page 0048
  49. Page 0049
  50. Page 0050
  51. Page 0051
  52. Page 0052