In new Data Act, the European Commission aims for more control over smart contracts

From theblockcrypto.com

The European Commission has released its proposal for the union's new Data Act, with some concerning fine print for the future of smart contracts. The February 23 draft legislation focuses on overall data protection and privacy within the European Union. In that context, it identifies smart contracts as: "Computer programs on electronic ledgers that execute and settle transactions based on pre-determined conditions. They have the potential to provide data holders and data recipients with guarantees that conditions for sharing data are respected." Smart contracts indeed play a surprisingly big role in the European ... (full story)