Blockchain technology is all the rage these days. Business owners are going to start hearing this buzzword as a bullet point in software solutions. Developers from all over the world are trying to harness the power of encrypted, distributed data, mainly due to the reputation that blockchain has regarding the “unhackable” permanence of the data stored upon it. However, it as powerful as blockchain is purported to be, it isn’t totally infallible.
With over 90 percent of people in the United States feeling as though their data is out of their hands, it should come as little surprise that many are looking towards the European Union’s General Data Protection Regulation as inspiration. However, how close is the United States to passing this kind of legislation… and how will smaller businesses fare if (or when) some is passed?