Navigating the World of Cryptocurrency

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In recent years, the finance sector has undergone a profound transformation with the emergence of cryptocurrencies. These digital assets, underpinned by blockchain technology, have revolutionized our perceptions and interactions with money. From Bitcoin to Ethereum and beyond, the cryptocurrency market continues to expand, captivating investors, technologists, and enthusiasts alike. In this blog, we embark on a journey through the realm of cryptocurrency, examining its origins, functionalities, potential, and the profound impact it exerts on our financial landscape. Origins of Cryptocurrency: The genesis of cryptocurrency traces back to 2008 when an individual or group known as Satoshi Nakamoto unveiled a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." This seminal document introduced the blueprint for Bitcoin, the world's inaugural decentralized digital currency. Leveraging blockchain technology, Bitcoin enables secure and transparent peer-to-peer tra
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GDPR (General Data Protection Regulation)

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Yes, GDPR .... trending and more famous than Avengers: Infinity War right now.


You may have noticed a ton of emails from different social networks, newsletters, etc. about data policy updates. I don't know how many of you read beyond the subject, which usually is something like, "GDPR" (General Data Protection Regulation) Effective from May, 25.

The European Parliament adopted GDPR in April 2016, replacing an outdated data protection directive from 1995. It carries provisions that require businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states. GDPR also regulates the exportation of personal data outside of the EU.

It gives the citizens more control over how their data is collected and used and even this policy forces companies to explain everything that they do with the citizens' personal data.

GDPR has a huge effect on businesses outside of the EU, including in the U.S. GDPR has been implemented because the old Data Protection Policy was written before Facebook, Google, Twitter, etc. started collecting massive amounts of sensitives information through smartphones.

GDPR gives organizations guidelines on what they can or can't do with personal data, it gives more clarity over the kind of data being used and how companies will use it.

Any data that can identify you is now based on details like your name, phone number, username and address. This law has now also allowed companies to check people's geographical location (including IP address), even connecting it to the rules for sensitive information like sexual orientation, political opinion and nationality.

 Firms are required to use the simple and clear language for policies, including  "right to be forgotten" policy. Personal data needs to be transferable via a common file to the user, however, it is not absolute and certain conditions apply.

GDRP will have an impact beyond just Europe because many non-European businesses also collect or use EU citizens' data. If a firm doesn't comply with GDPR, the penalty to 4 million or 4% of total company turnover, whichever is higher.
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or mail me at Sourav1up@gmail.com....

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Comments

  1. Unknown27 July 2018 at 10:45

    You have discussed an interesting topic that everybody should know. Very well explained with examples. I have found a similar website gdpr, gdprupdate visit the site to know more about fileom

    ReplyDelete
  2. akhilapriya40423 August 2018 at 15:09

    This concept is a good way to enhance the knowledge.thanks for sharing. please keep it up
    salesforce Online Training Bangalore

    ReplyDelete
  3. Anonymous30 April 2021 at 15:31

    GDPR training is important so that they do not make one silly mistake that snowballs into a hefty fine not only this but you also must have a cookie consent banner on your website.

    ReplyDelete

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