Ethereum startup EthSystems bets privacy is key to getting banks on public blockchains
EthSystems, which spun out of the Ethereum Foundation earlier this month, is focused on building privacy infrastructure for banks and other financial institutions.
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Summary
- Ethereum Foundation spinout EthSystems is building privacy infrastructure for banks and other financial institutions, arguing that confidentiality, not scalability, is the biggest barrier to moving real-world financial activity onto public Ethereum.
- Founder Mo Jalil said institutional demand has shifted from experimental blockchain pilots to production deployments, with banks increasingly looking for privacy-preserving tools that enable them to transact on public blockchains while meeting regulatory requirements.
