Ethereum startup EthSystems bets privacy is key to getting banks on public blockchains

According to CoinDesk, EthSystems, a new startup from the Ethereum Foundation, aims to enhance privacy for banks and financial institutions using public blockchains. Founder Mo Jalil emphasizes that the lack of confidentiality, rather than scalability, is the main obstacle for institutions looking to adopt blockchain technology for real-world financial transactions. The company plans to build tailored privacy solutions and work alongside existing privacy projects in the sector. Read the full story at CoinDesk . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.