5 Amendments of Roberta METSOLA related to 2018/2085(INI)
Amendment 6 #
Draft opinion
Paragraph 1
Paragraph 1
1. Underlines that blockchain represents a new paradigm of data storage and management, the rise of which poses challenges in terms of data protection and transparency, and exponentially increasleading to increased transparency due to the inputting being immutable and shared with all the participating parties, the risks of money laundeus also ensuring, the capture of the financial system by organised crime and the financing of terrorismsecurity and integrity of data;
Amendment 9 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Differentiates between the positive opportunities, also for SMEs, deriving from the introduction of blockchain technology as part of the EU's trade policy, which will bring about, amongst other benefits, lower transactional costs and greater efficiency, and the application of this technology, which in other cases outside the scope of the EU's trade policy, may increase the risks of money laundering and the facilitation of the financing of terrorism;
Amendment 17 #
Draft opinion
Paragraph 3
Paragraph 3
3. Underlines that, if adequately designed, blockchain blockchain technologies can share the goal of the General Data Protection Regulation by giving data subjects more control over his/their data; recalls, however, that the possible clash between the protection of fundamental rights and the promotion of innovation has to be addressedommends that blockchains and applications built on top of a blockchain follow the privacy by design principle and should only store unintelligible data;
Amendment 26 #
Draft opinion
Paragraph 4
Paragraph 4
4. Notes with concern the lack of any reference to the serious implications, which might be positive, but could also be detrimental, of blockchain technology in relation to the fight against money laundering and to countering the financingCalls on the Commission to take the lead on the promotion and innovation of blockchain technologies, including in specific sectors that can bring about additional benefits across the EU, such as in the case of the EU's trade policy; deems that any utilisation of blockchain technologies should be anticipated by the delineation of what will be stored on and off terrorism, if such technology is appropriated by organised crimehe chain, with personal data being stored off the chain;
Amendment 28 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls on the Commission to also look into the application of blockchain technologies, which if appropriately applied, it can reduce the risk of money laundering due to its immutability feature such as by the verification of identity documents with each individual recorded electronic transaction.