Parity closes the PICOPS service because of compliance problems with the EU data protection regulations

Parity closes the PICOPS service because of compliance problems with the EU data protection regulations

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On Mays, 24 the developers of wallet Parity will close service passports  PICOPS from to his disparity to The General Data Protection Law (GDPR) of the European union. About it the representatives of company reported.

Presented in November, 2017 PICOPS service  allowed to the startups, conducting ICO on a base blockchain Ethereum, to observe requirements on authentication of clients and fight against white-washing the way of validation proprietors the Ethereum addresses. Now the functional  PICOPS entered into a conflict with prescribed in GDPR by a right on oblivion.

According to the representatives startup, for accordance to the requirements GDPR service must limit to the very narrow set functions.

“From considerable resources that is required on the achievement accordance  PICOPS to the requirements  GDPR, and circumstance that PICOPS is not the key element of our technological suggestion, we decided to close service, in spite of large demand on him at the market”, – talked in the statement of Parity.

CEO of Parity Jutta Steiner also promised to accept more active voice in the question of adjusting sector blockchain, suggesting to revise legal framework requirements GDPR.

“GDPR was worked out with a breech-sight on the certain prospect of the use technology case-insensitive the real principles of its work. That, how the public decentralized networks work, means that about moving away of the personal data can not go speeches. Taking into account the stage of development technology, I suppose that yet is time for modification certain aspects GDPR”, – she said.

Before in connection with a forthcoming entry by virtue of The General Data Protection Law the popular platform LocalBitcoins renewed an user agreement and politics observance confidentiality.

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