According to the top manager, traditional financial institutions are increasingly using blockchain to develop their infrastructure, but try to achieve the confidentiality of operations.
“The market does not function and cannot function completely openly. If we are going to transfer the world to blockchains, the approach “All sees all constantly” will not work, ”Ryan explained.
The need for privacy has not only the so -called ordinary users, but also large companies that do not want to provide complete access to data about their transactions and trade strategies, said Etherealize general director. He believes that in the next few years, Ethereum will be able to make private transactions with the standard of the financial ecosystem, in which companies with Wall Street work.
The volume of transactions in the Ethereum network in August reached $ 320 billion. This is the maximum level since May 2021 and the third largest indicator over the entire history of the blockchain.
Source: Bits
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