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Data Privacy and Blockchain in the Corporate Context: Striking a Balance Between Transparency and Data Protection

Author(s) Parth Sharma
Country India
Abstract In the digital era, companies face the dual challenges of safeguarding data privacy while ensuring transparency. Blockchain technology, known for its decentralized and unchangeable characteristics, presents potential solutions to improve data security and reliability. Nonetheless, its built-in transparency may clash with data protection laws such as the General Data Protection Regulation (GDPR), which highlights user rights including data deletion and consent administration. This paper examines the complex equilibrium between utilizing blockchain's transparency and maintaining strict data privacy regulations in corporate environments. It explores the difficulties presented by blockchain's unchangeable ledger regarding data deletion requests and investigates possible solutions, such as off-chain data storage, permissioned blockchains, and privacy-enhancing technologies like zero-knowledge proofs. Through the examination of existing regulatory structures and technological progress, the research seeks to offer an in-depth insight into how businesses can manage the challenges of incorporating blockchain technology while adhering to data privacy regulations.
Keywords Blockchain, privacy ,corporate ,GDPR & Data Protection
Published In Volume 6, Issue 5, May 2025
Published On 2025-05-13
Cite This Data Privacy and Blockchain in the Corporate Context: Striking a Balance Between Transparency and Data Protection - Parth Sharma - IJLRP Volume 6, Issue 5, May 2025.
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