Aleo says it’s ironic hardly anyone trusts crypto firms with privacy when blockchain is a solution | Headlines | News | CoinMarketCap
03/12/2024 20:14
Aleo has published a new study finding a majority of consumers want products and technological solutions that are committed to protecting user data, …
Aleo has published a new study finding a majority of consumers want products and technological solutions that are committed to protecting user data, but barely anyone has faith in crypto firms.
The study found that 67% of consumers would switch to products that offer data protection. Aleo said it also discovered the majority of people, regardless of age, are worried about their privacy. But only 10% of respondents expressed "a great deal of trust" in crypto companies.
Of those polled, 14%said they had a "fair amount" of trust in blockchain-based organizations.
"The lack of trust in cryptocurrency companies regarding data privacy and security, despite the foundational role of cryptography and blockchain in enhancing these aspects, is a paradox rooted in the industry's rapid evolution …