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RE: Utopian is Officially a Registered Company
Doesn’t registering as a company make Utopian less decentralized? Won’t this provide a target for a platform that could otherwise become decentralized should it need to be.
Also I’d this this would complicate employment/contract work as it’s now a company employing multinationals? I say this with the US specifically in mind as the IRS has long arms and many regulations which Utopian might now need to abide by due to have American workers/contractors.
EDIT: For example as a U.S. citizen getting a bank account overseas is almost impossible unless it’s a huge bank.
Yeah, good luck with all the taxes :( ...
What about the right to be forgotten? With a blockchain that’s an impossibility to solve, isn’t it? If it all works out though it’ll be huge for sure :)
The GDPR (containing the right to be forgotten) kinda requires you to be known in the first place. In a truly decentralized and anonymous eco system, providers of services do not register anything about you. You decide when, if and how much to reveal about yourself. I think the breaking point is users' identity. Without identity on blockchain based technologies, there's no "people" registered on the blockchain. The legislation contains rules and charters on "people's" rights to be forgotten. So from a purely legal perspective, you cannot apply the general data protection regulation here.
I think it applies to photos and news so if I post a photo of someone or story about them they could sue to have it removed by EU law.
Yes, basically you're right. However, in the very first section, the legislation describes to whom it applies. You actually have part of the solution in your comment already. If a person wants to have his photo removed, he can sue to have it removed. But who would he sue? Utopian.io as a platform does not store anything about anyone. The blockchain is decentralized and distributed, so you'd have to sue everyone with access to the blockchain. Since there isn't a single entity registering, processing and storing your data, the GDPR doesn't actually apply as there's nobody to be held accountable for breaches and thus, nobody to sue.