"The New Era of Privacy"

- Guest: Shahaf Bar-Geffen, CEO  of COTI

- Host: Szabolcs Gergely, Podcast & YouTube Host at Morningstar Ventures

Top 3 Takeaways from Our Guest

1. Privacy is not to be confused with anonymity.

Shahaf explained that privacy should not be confused with anonymity. He explained that the 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.

Shahaf discussed Garbled Circuits, a new technology that encrypts data quickly. The technology's main advantages are its “lightness" and ease of use. 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 finished the spaces by going into Coti's target audience. He says there is no target audience because Coti is meant for everybody. Anyone who creates almost any 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; however, privacy is necessary.