Interview: COTI - Shahaf Bar-Geffen

18/03/2024 33 min Temporada 2 Episodio 21
Interview: COTI - Shahaf Bar-Geffen

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Episode Synopsis

The New Era of PrivacyGuest: Shahaf Bar-Geffen, CEO  of COTIHost: Szabolcs Gergely, Podcast & YouTube Host at Morningstar VenturesTop 3 Takeaways from Our Guest:1. Privacy is not to be confused with anonymity Shahaf explained that privacy should not be confused with anonymity. Blockchain stands for transparency, but that doesn’t mean privacy is not required. Privacy is often recommended and required when a party wants to send sensitive data to another. Transparency and privacy can and do exist simultaneously, and that is what Coti wants to ensure so the cryptospace can take that next step and mature the industry.2. Garbled circuits improve user experience.Garbled Circuits is a new encryption technology that encrypts data quickly. The main advantage is the technology's “lightness". This feature allows messages and data to be encrypted and decrypted fast, improving user experience and ensuring easy usage for shareholders who want to transact on the blockchain securely and privately.3. Who will benefit from this new technology?Shahaf explained that there is no target audience because it’s for everybody. Anyone who creates almost any kind of dapp will want to use this technology, especially those who create financial services like Dexes, governance, and data-sharing platforms. However, the utility doesn’t stop with them. Privacy is crucial in various industries, e.g., healthcare, where traceability and transparency are important, but privacy is a must.