TechFlow, Nov. 11 — According to Cointelegraph, Alex Gluchowski, CEO of Matter Labs and founder of ZKsync, recently stated that privacy tools are becoming a key factor driving institutional adoption of blockchain technology. With over 140 companies holding approximately $137 billion in crypto assets, the next phase of moving financial institutions' payments and settlements onto public blockchains must rely on reliable privacy layers.
Gluchowski noted: "Institutions need full control over their transaction processes while maintaining data privacy from other parties." He described this requirement as "system-level privacy," distinct from individual users' "account-level privacy."
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