GDPR compliance for blockchain

From initial readiness assessments to third-party management, to gap analysis and maturity assessments including training, we can support your business at every step of the GDPR compliance journey.

What Is GDPR?

Data protection is an ongoing issue for all organizations which became more complex since May 2018, with the introduction of the new EU General Data Protection Regulation (GDPR). Failure to comply could result in fines of up to €20 million+, and substantial planning is needed to ensure compliance.

Our GDPR Offerings

From initial readiness assessments to third-party management, to gap analysis and maturity assessments including training, we can support your business at every step of the GDPR compliance journey.

GDPR Readiness Assessment

  • For blockchain organizations looking for clarity about their current GDPR readiness and scope
  • High-level assessment determines areas requiring further focus
  • Provides gap analysis of existing processes and controls and identification of additional recommended activities to define a high-level roadmap to compliance

GDPR Programme Review

  • For organizations that have instigated a GDPR program or begun mitigation
  • In-depth assessment to determine adequacy of existing program and/or provide support
  • Provides gap analysis of planned and implemented GDPR mitigations, prioritized roadmap of
    remediation activities, and identifies recommended additional activities

GDPR Assurance Review

  • For blockchain organizations that have completed a GDPR mitigation program or are at the later stages of this
  • In-depth assessment to determine adequacy of implemented GDPR program
  • Provides additional audited evidence of implemented controls
  • Creates an audit report of evidenced controls and compliance with GDPR

Our GDPR Compliance Approach

This is our typical approach to GDPR compliance. This is subject to change due to project specifications and GDPR readiness.

 
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STEP 1

 

Data Protection By Design

For new projects, we define and implement process steps to ensure GDPR compliance from the very beginning of your project
  • Define and implement process steps to ensure GDPR compliance from the very beginning of
    your project
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STEP 2

 

Gap Analysis

Identifies gaps, proposes solutions and defines high-level roadmap to compliance
  • Provides gap analysis of existing processes and controls and identification of additional recommended activities to define a high-level roadmap to compliance
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STEP 3

 

PII Identification and Data Mapping

Identifies the location and flow of PII data in business and IT processes, uncovers potential compliance gaps and highlights areas for improvement
  • Location and flow of PII data in business and IT processes
  • Uncover compliance gaps
  • Identify areas for improvement
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STEP 4

 

Incident Management Process Review

Review processes for identification and confirmation of a breach to meet the notification timescale required by GDPR
  • Review processes for identification and confirmation of a breach
}

STEP 5

 

Third-Party Assessments

Create and implement processes to evaluate security controls of third parties processing PII data
  • Creation and implementation of these processes
}

STEP 6

 

Data Protection Impact Assessment (DPIA)

Define and implement a DPIA process, or deliver DPIAs as a service
  • Define and implement a DPIA process
}

STEP 7

 

Policy Framework Review

Defines and establishes policies, standards and procedures to support your business processes and regulatory requirements
  • Policies, standards and procedures to support your business
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STEP 8

 

DPO Consultancy

An optional step, get advice for your Data Protection Officers from a GDPR practitioner
  • Get advice for your DPO from a GDPR practioner

Are you looking to become GDPR compliant?

Contact us for a free discovery call. Here is what will happen next:

Contact Us

We will introduce ourselves on a video conference

Meet our senior team

Our senior team will discuss your requirements and strategy

Get your budget

Based on your requirements, we provide budget, activity and timeline estimates

Project kick-off

We bring together a team from a range of disciplines to kick-off your project

Why Blockchain Reactor?

Experience, paired with a commitment to deliver an exceptional product to each and every project is what makes clients keep coming back to us.

Our Team

Our team is a culmination of the brightest minds in the blockchain industry, all available to work on your project. We have an expert for every domain – no more passing the baton between different firms for different services. We have smart contract developers and architects who actually built the Ethereum and Hyperledger frameworks.

Our Experience

In sixteen years, we've worked with over one-hundred tech start-ups, as well as dozens of multi-national organizations. We have the know-how and experience to provide a solution to any problem your blockchain company has. We pride ourselves on our ability to execute and deliver excellence on our timeline promises. 

Our Approach

We have a no-bullshit approach. To put it simply, our developers will move to other companies if we are not working on suitable and relevant use cases for smart contracts. We actively measure and monitor our efficiency levels to ensure our team is operating at maximum capacity to deliver projects on-time, every time.

GDPR FAQs

Is my business suitable for a smart contract?

This is something that needs to be taken on a case-by-case basis. We have checklists to make this determination.

What is the typical timeframe for a smart contract implementation?

Implementing a simple smart contract can take up to 10 weeks. It is important to understand that the actual smart contract development only takes up 10 – 20% of the total project. The majority of a smart contract implementation involves front-end and back-end development, UI and UX design, graphic design, and other services. For MVPs, from start to finish, we generally complete smart contract development projects in 18 weeks.

What other expertize do we require apart from smart contract developers?

Smart contract development only consumes 10 – 20% of the overall smart contract implementation. The remaining 80 – 90% is consumed by:

  • Systems Architect – ensuring the technology is designed and developed in a secure, robust and scalable manner.
  • Graphic Designer – designing logos, graphics, buttons and to design screens in collaboration with the UI/UX team.
  • UI/UX – ensuring the user journey is designed with the end user in mind.
  • Front-End – developing a client-facing interface or storefront.
  • Back-End – developing a backend that is designed to filter entries to the blockchain database.
  • Mobile – developing a native iOS and/or Android mobile application, if required

Do you do proof-of-concept?

Yes. A lot of our clients are opting for proof-of-concepts (POCs) to test their concept. We believe this is a prudent cost-saving approach which allows clients to test the capabilities of their smart contracts.

What is the cost of implementing a smart contract for my business?

The implementation cost of a smart contract varies from project to project. At Blockchain Reactor, we specialize in providing cutting-edge blockchain solutions. As a result, we will need to assess your project’s scope to provide you with a ballpark cost estimate.

Ready to implement blockchain technology in your business?

We provide blockchain development, ICO consultancy, smart contract development, smart contract auditing, and blockchain accelerator workshops to start-ups and enterprises looking to leverage the power of blockchain technology in their businesses.

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