Privacy technology becomes key to institutional blockchain adoption, ZKsync founder emphasizes need for "system-level privacy"
ChainCatcher reported that recently, Matter Labs CEO and ZKsync founder Alex Gluchowski stated that privacy tools are becoming a key factor driving institutional adoption of blockchain technology. With more than 140 companies holding about $137 billions in crypto assets, the next stage of financial institutions moving payments and settlements to public blockchains must rely on a reliable privacy layer.
Gluchowski pointed out: "Institutions need to have full control over their own transaction processes while maintaining data privacy from other parties." He described this need as "system-level privacy," distinguishing it from the "account-level privacy" of individual users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB treasury company Nano Labs announces early repayment of convertible bonds to strengthen risk management
Japan's first yen stablecoin issuer JPYC may become a new force in the government bond market
Bitget CEO tells Bloomberg that macro policies in December will determine the direction of the crypto market
