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> IP addresses still count as Personally Identifiable Information under GDPR, so deriving an identifier from this for a use case such as analytics would likely require consent.

Only if there is a bijection between the identifier and the IP address, so that you could re-derive the IP address from the identifier. Otherwise, I do not see how the identifier itself would count as PII.

This way of divorcing data from PII by replacing it with pseudonymous identifiers which cannot be linked back is a relatively standard technique for this.



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