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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 with 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.” 

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 to solving general data privacy in the future. Brink said: 

“There is a serious attempt at solving digital privacy because there is a lot of resources

Keep reading this article on Cointelegraph.com.

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