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

60-second summary

EthSystems, a spinoff from the Ethereum Foundation, is developing privacy infrastructure for banks and financial institutions to join public blockchains. This move aims to address concerns about data security and regulatory compliance. By ensuring user anonymity and data protection, EthSystems seeks to bridge the gap between traditional finance and decentralized systems, potentially expanding blockchain adoption in the financial sector.