Ethereum Foundation spinout EthSystems targets banks with blockchain privacy technology

According to CoinDesk, EthSystems, a new for-profit startup spun out from the Ethereum Foundation, aims to develop blockchain privacy solutions tailored for banks and financial institutions. The initiative follows significant organizational changes at the Ethereum Foundation, where members sought to enhance the confidentiality features in Ethereum's infrastructure amid increasing interest from institutional clients. EthSystems plans to monetize its ongoing projects that focus on enabling private financial transactions on the blockchain. Read the full story at CoinDesk . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human crypto writing — new writers keep 100% of tips and collects for their first 90 days.