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.