Chainalysis Says Privacy Blockchains Are Rising With Institutional Adoption, Monitoring Tools Must Evolve
JH Kim
Summary
- Chainalysis said privacy-enabled blockchain networks are growing rapidly as institutional adoption of blockchain technology expands.
- Chainalysis said Canton, Solana Confidential Transfers, Zcash and Aztec each implement privacy features differently, meaning compliance approaches must also vary.
- Chainalysis said privacy is becoming a core part of blockchain infrastructure and that blockchain monitoring technology must also evolve to support regulatory compliance and risk management.
Forecast Trend Report by Period
Chainalysis said July 29 that blockchain networks with privacy features are growing quickly as institutional investors step up their adoption of blockchain technology.
The blockchain analytics firm said Canton, Solana Confidential Transfers, Zcash and Aztec each use different approaches to privacy. Because their network structures vary, compliance responses also need to be tailored accordingly.
Privacy is becoming a core part of blockchain infrastructure, Chainalysis added. It said blockchain monitoring technology also needs to advance to support regulatory compliance and risk management.
JH Kim
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