Privacy technology becomes a key adoption for institutional blockchains, with ZKsync founder emphasizing the need for "system-level privacy."

ChainCatcher News, recently, Alex Gluchowski, CEO of Matter Labs and founder of ZKsync, stated that privacy tools are becoming a key factor in driving institutional adoption of blockchain technology. With over 140 companies holding approximately $137 billion in crypto assets, the next phase of financial institutions moving payments and settlements to public blockchains must rely on a reliable privacy layer. Gluchowski pointed out, “Institutions need full control over their transaction processes while maintaining data privacy from other parties.” He described this need as “system-level privacy,” distinguished from individual users’ “account-level privacy.”