Transparent financial systems won't get real traction, blockchain exec argues

Transparent financial systems won't get real traction, blockchain exec argues


As the conversation around privacy intensified with the recent Litecoin (LTC) upgrade called Mimblewimble and regulators’ reaction to the feature, Adrian Brink, the founder of blockchain protocol Anoma, weighed in on the topic and shared his perspectives to Cointelegraph. 

According to Brink, privacy is an essential tool for democracy because it prevents huge corporations from targeting people and segregating them into different bubbles. The Anoma founder told Cointelegraph that:

“The fact that you have surveillance capitalism allows micro-targeting to such an extent that it can put people into their own filter bubbles which is what erodes democracy very quickly.” 

Trending: Thousands Of Flights Cancelled As Pilots Strike Before 4th Of July

Brink believes that blockchain technology has a solution to this issue. He noted that the space is able to tackle issues within financial privacy and then eventually move on

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend