Data Protection Consultation at KINAST
The drive for innovation – Internet of Things, Blockchain and Artificial Intelligence.
New Technology in all branches
In today’s world, new technology, innovations and pioneering breakthroughs seem to dominate our news feed on a daily basis. Digital progress is moving at a faster pace, year after year, regardless of which branch you are in. Calculations that, just ten years ago, would have taken computers several millennia to complete can now be calculated by quantum computers in just a few minutes.
Big data (huge amounts of data stored in the cloud) is being effectively analyzed and used almost instantly. This in turn, means that computers, machines and electronic devices are becoming increasingly intelligent.
Do you need an External Data Protection Officer?
Five steps to compliance:
Introduction of your company and KINAST as well as the relevant contact persons. Discussion of the current data protection setup and most important data protection topics.
We conduct data protection audit on-site or based on questionnaires to evaluate the current data protection status of your company.
Document the current data protection status and define further required actions if necessary.
We carry out all necessary measures identified during the data protection audit.
Designation as External data protection officer and on-going consultation starting from day 1.
The Internet of Things, also known as IoT, is crucial for industries worldwide, facilitating both industrial automation and business processes as well as everyday household chores. As a collective term, IoT covers a vast number of electrical devices and the way these devices connect with each other via networking, e.g., your washing machine sends a message to your cell phone as soon as it is finished or room lighting that can be changed to suit your mood, the music you hear or the film you are watching. All of this is IoT at work in daily life.
IoT is all about connecting the physical into the digital environment. In the business world, especially on an international level, practical tools for the transportation of goods or the management of digital documents are being developed continuously. These devices do not look any different to their non-“smart” counterparts – but they fit seamlessly into and allow complete analysis of our everyday lives. That is exactly why smart data protection is immensely important here.
International data protection law
Other areas to consider:
Blockchain in New Technology
In addition to IoT, blockchain is also a new technology that is currently attracting particular interest in the area of financial services. A blockchain is a series of data records that are linked together by means of encryption. Blockchain technology can increase trust and improve the transparency, security, and privacy of business processes by providing a single distributed ledger.
Strictly speaking, blockchain technology, or distributed ledger technology (DLT) in general, can store all types of assets in ledger form. A major advantage of this technology is auditability, which is also the reason why financial topics such as cryptocurrencies are implemented via blockchain technology. However, this big advantage is a big disadvantage from a data protection perspective: The data subject rights, which must be guaranteed under the GDPR, must basically allow for the modification and deletion of personal data. This would only be possible to a limited extent in such a system, especially at a late stage of development. The earlier you involve us, the sooner such serious problems can be avoided in developments.
AI lives from the data it collects
Artificial Intelligence (AI) is also one of the great innovations that is slowly finding its way into the private user sector. AI improves processes by recognizing patterns and optimizing the performance of existing processes. The term Artificial Intelligence alone is as unclear as the possibilities that can be realized.
If you are aiming to use intelligent systems or are developing them yourself, it is important to keep data protection in mind. AI lives from the data it collects. If this is personal data, it must be ensured that all the rules of the GDPR are observed – so contact us! We will support you from the first idea to the final development of the project.
How do we guarantee your data protection compliance in your international company or corporation?
If required, we can act as your External Data Protection Officer. To guarantee a timely and cost effective execution of necessary data protection measurements, we’ve developed our own concept based on a three-point plan:
As a first step, we carry out a risk assessment in your company. We carry out the risk assessment either on-site or remotely. Based on the findings, we prepare a report that documents the degree of compliance with data protection standards. Furthermore, the report identifies any vulnerabilities, proposes suitable measures to remedy those vulnerabilities, defines responsibilities and sets a timetable for the implementation of these measures.
In a next step, we implement any measures which we identified within the framework of the risk assessment. Whereby great importance is attached to binding your internal resources as little as possible.
Finally, as an External DPO, we permanently support your company regarding all aspects of data protection. Therefore, we ensure an ongoing compliance with legal standards, the adaptation of procedures to the requirements of new laws and the consideration of current changes in internal processes.
KINAST provides data protection advise and legal consultation for your New Technology projects
As data protection professionals, we support you in the implementation of new technologies and work with you to develop concepts and strategies so that you can profit from new innovations while staying on the safe side in terms of data protection.
Internet of Things, Blockchain and Artificial Intelligence.
Year after year, the digital landscape and connectivity of digital products is progressing at a faster pace, regardless of which branch you are in. KINAST Attorneys at Law are specialised soley in data protection and we’ve been advising new technology businesses with their connected products since before GDPR laws came into effect. You couldn’t be in safer, more experienced hands.
So why not contact us today for a free, no obligation consultation?
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Frequently asked questions
There’s so many areas of new technology, that you’re sure to have more questions. We’ve answered some of the most frequently asked questions here. If you have more specific or specialist questions, feel free to contact us, and one of our Lawyers or Data Protection Officers will get back to you as soon as possible.
The relevance of these innovations can no longer be ignored and these innovations can and should be used together, and it is foreseeable that they will converge in the future. The possible relationship between these technologies is that IoT collects and distributes data, blockchain is used as infrastructure to set rules for collaboration, and AI optimizes processes and rules. Blockchain, IoT, and AI are complementary and can only reach their full potential when applied together.
The cryptography used in blockchain systems guarantees a high level of privacy. In most Blockchain systems, such as those used by Bitcoin and Ethereum, transactions are conducted under a pseudonym. However, there are cases where fully anonymous transactions are allowed. Examples include Monero and Zcash. In addition, the architecture of blockchain systems using public and private key cryptography can fully encrypt stored and transmitted data, allowing only the device itself to read and write its own data as needed.
Data protection is especially useful in the IoT, where machines and devices store a great deal of sensitive data. It is important to ensure the privacy and security of the stored data. It is now common practice to transmit IoT data directly from machines to the relevant databases. However, this data is not encrypted and therefore not very sensitive. Blockchain technology is an added value in this case because it can guarantee the protection of the collected data. However, there is a trade-off between high confidentiality and the suppression of illegal activities. In the case of anonymous transactions, it is not possible to identify the name or address of the originator of the transaction. Such anonymity encourages illegal activities such as money laundering and terrorist financing. In this case, AI can be helpful and enhance security by detecting illegal activities. It was proposed that the use of AI is combined with data analysis to mitigate the risk of fraudulent activities in the blockchain due to the anonymity of transactions. It should be noted that AI technologies benefit from the large amount of data provided by the IoT, as algorithms learn from data.