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Actually I think the problems of privacy and accountability become easier in the decentralized situation. It's a bit like being judged in a court of peers, rather than by some completely foreign entity who has no concept of the context of your actions.
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Interesting idea that the GDPR might apply pressure towards decentralization and that silos might be less motivated to hold data in a centralized way. I'm highly skeptical that's how it will work out though, because it would require fundamental business model change.