Blockchain Gets Use Case With New European Data Rules, FIS Says

Fidelity National Information Services Inc. uses distributed ledger technology to help ensure compliance with the European Union’s tougher rules about data collection and customer information, Andrew Hewitt, FIS’s director of payment and data solutions, said in a phone interview with Bloomberg News.

Those rules, the General Data Protection Regulation, are set to start May 25. FIS can deploy distributed ledger technology to help companies track what permissions have been given for which data. A distributed ledger means a company can “know absolutely, at any point in time,” about its data, in case a regulator comes calling, Hewitt said. He sees ...