With an open letter to the EU Parliament, Polygon calls for changes to the data protection law

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Von Krypto News Österreich

In dem Schreiben fordert der Vorstand von Polygon Änderungen an Artikel 30 des EU-Datengesetzes, von denen der Vorstand befürchtet, dass sie die Blockchain-Entwicklung in ihrem derzeitigen Format ersticken könnten. Das Unternehmen hinter Polygon, einer Proof-of-Stake-Multi-Chain-Blockchain-Plattform rund um seinen ERC-20-Token MATIC, hat einen offenen Brief an Vertreter des EU-Parlaments zu Artikel 30 des EU-Datengesetzes geschickt. Unbeabsichtigte Folgen der EU-Politik Das EU-Datengesetz, dessen Hauptzweck darin besteht, Monopole aufzubrechen, die Unternehmen in Bezug auf die Daten ihrer Nutzer haben, könnte dem Schreiben zufolge unvorhergesehene Folgen für Blockchain-Entwickler haben. 1/ 🚨Heute @0xPolygonLabs einen offenen Brief an die EU zu Art. 30 der #DatenActwas schwerwiegende …
In the letter, the Board of Directors of Polygon calls for changes to Article 30 of the EU Data Act, of which the board fears that they could suffocate the blockchain development in their current format. The company behind Polygon, a proof-of-stake-multi-chain blockchain platform around its ERC-20-token Matic, sent an open letter to representative of the EU Parliament on Article 30 of the EU Date Act. Unintentional consequences of EU policy The EU data law, the main purpose of which is to break up monopolies that companies have in relation to the data of their users, could have unforeseen consequences for blockchain developers. 1/ 🚨Heute @0xpolygonlabs an open letter to the EU to Art. 30 of the #datenactwas serious ... (Symbolbild/KNAT)

In the letter, the Board of Directors of Polygon calls for changes to Article 30 of the EU Data Act, of which the board fears that they could suffocate the blockchain development in their current format.

The company behind Polygon, a proof-of-stake-multi-chain blockchain platform around its ERC-20-token Matic, sent an open letter to representative of the EU Parliament on Article 30 of the EU data law.

unintentional consequences of EU policy

The EU data law, the main purpose of which is to break down monopolies that companies have in relation to the data of their users, could have unforeseen consequences for blockchain developers.

1/🚨heute @Hauptbuch has been proposed to change the narrow Art. 30 to protect the decentralized software development. Lies 👇 pic.twitter.com/azhgcm14sq

- Rebecca Rettig (@Rebeccarettig1) 17. April 2023

In its current form, the EU data law does not explicitly target blockchain development. In fact, the main objectives of this legislation are companies that benefit from a treasure trove of Internet-of-Things (IoT), which for the most part parties with a legitimate interest that could contribute to improving quality are not made available to life by EU citizens through research and development on the basis of this currently accessible data.

Article 30 of the law, however, proposes changes to blockchain smart contracts that, if they come into force, could put decentralized platforms in a legally questionable status.

legislation could endanger decentralization

At the moment, the wording in Article 30 blames the party that offers smart contracts as part of an agreement to provide data. ” According to polygon representatives, the current wording developer of decentralized platforms could blame the abuse of smart contracts.

"Polygon Labs has an interest in this matter because we are striving to ensure the growth and responsible development of approval-free blockchain-based systems worldwide. recorded. "

Although a developer is of course to blame if the smart contract that builds on his framework does not work, polygon fears that the current wording would make developers liable for the misdeeds of a third party who could use a properly functioning smart contract for less than ideal.

In addition, a second section of legislation requires that developers who create smart contracts implement an emergency discharge that could prevent the occurrence of problems. Although this sounds great theoretically, it would be practically impossible to implement it in a really decentralized framework - not to mention that it could prove to be an easily vulnerable vulnerability for bad actors.

In order to avoid possible problems, Polygon demands that the wording will be changed before the data law comes into force, and that the laws that are already coordinated in the EU framework for markets for crypto-assets are followed.

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