Discover and read the best of Twitter Threads about #eudataact
Most recents (2)
1/11 🚨 Attention developers! The new EU Data Act may impact smart contract development, but @Conste11ation $DAG offers a solution for building dApps in compliance with new regulations. Here's why you should consider Constellation for your projects. 🌐 #EUDataAct #SmartContracts 
2/10 📜 The EU Data Act is not specifically aimed at the crypto industry, but it focuses on IoT data. However, it could have implications for smart contracts, which underpin DeFi infrastructure, if the scope isn't clearly defined. ⚠️ #IoT #DeFi
3/10 🔐 Article 30 of the Data Act focuses on "essential requirements regarding smart contracts for data sharing" and includes rigorous access control mechanisms, trade secret protections, and termination or interruption possibilities. 🛡️ #SmartContractRegulations
The Data Act is a pillar of the European Data Strategy.
It will foster a competitive data market by opening up new opportunities for businesses and making data more accessible to every consumer and business.
#EUDataAct #DigitalEU
It will foster a competitive data market by opening up new opportunities for businesses and making data more accessible to every consumer and business.
#EUDataAct #DigitalEU
The volume of data is constantly growing, from 33 zettabytes in 2018 to an expected 175 zettabytes in 2025.
The Data Act addresses the legal, economic and technical issues that lead to data being underused.
#EUDataAct #DigitalEU
The Data Act addresses the legal, economic and technical issues that lead to data being underused.
#EUDataAct #DigitalEU
This initiative is crucial for defining an open Single Market for data.
The new rules will make more data available for re-use and are expected to create an additional €270 billion in GDP by 2028.
#EUDataAct #DigitalEU
The new rules will make more data available for re-use and are expected to create an additional €270 billion in GDP by 2028.
#EUDataAct #DigitalEU
