The Growing Importance of Blockchain Privacy Tools in the Age of AI

Eran Barak, CEO of Shielded Technologies, emphasized the increasing necessity of blockchain privacy tools like zero-knowledge proofs in safeguarding online user data amidst the rise of artificial intelligence. Barak warned that corporate service providers and centralized servers are becoming prime targets for AI-assisted hackers seeking to steal valuable data such as private keys, financial information, and medical records. He highlighted the significant return on investment for hackers targeting centralized entities and stressed the importance of ZK-proofs in protecting sensitive information. Privacy solutions have become a priority for Web3 developers as the demand for shielding metadata from AI algorithms rises. Additionally, Cardano co-founder Charles Hoskinson announced a Midnight token airdrop for holders of various cryptocurrencies, aiming to foster industry collaboration. Midnight, a partner chain of Cardano, will offer opportunities for users to mine the token post-airdrop. Read more AI-generated news on: https://app.chaingpt.org/news