摘要：The EU General Data Protection Regulation (GDPR) is a wide ranging personal data protection regime of greater
magnitude than any similar regulation previously in the EU, or elsewhere. In this paper, we outline how the GDPR
impacts the value of data held by data collectors before proposing some potential unintended consequences. Given the
distortions of the GDPR on data value, we propose that new complex financial products—essentially new data
insurance markets—will emerge, potentially leading to further systematic risks. Finally we examine how market-driven
solutions to the data property rights problems the GDPR seeks to solve—particularly using blockchain technology as
economic infrastructure for data rights—might be less distortionary.
