The Enterprise Ethereum Alliance (EEA) is the oldest nonprofit organization that advocates for a neutral voice for the Ethereum ecosystem. Its mission is to bring together the community, developers, and businesses in order to create a decentralized future. We are thrilled to announce that COTI has joined the EEA. The Ethereum Foundation, Microsoft, EY, JPMorgan Chase, Accenture, Razorfish, Santander, ConsenSys, Chainlink, Hacken, and Circle are just some of the companies that are members of the Enterprise Ethereum Alliance (EEA), along with a large number of additional companies. By demonstrating its experience in Web3 privacy, COTI has shown its dedication to helping the Ethereum ecosystem via the formation of this significant alliance.
When the COTI team participates in advanced working groups and events with some of the most outstanding minds in the field, they will engage with industry leaders and innovators from a wide range of different industries. During these engagements, COTI will have the opportunity to showcase its expertise on Web3 privacy while also engaging in a conversation with some of the most influential thought leaders in the Ethereum community.
The EVM Layer 2 privacy solution that COTI has developed is based on an innovative implementation of garbled circuits. This solution provides users with the ability to request privacy on demand across all major blockchains. This is an innovative solution that aims to answer basic issues about transparent blockchain settings. It does this by safeguarding sensitive transaction data and reducing risks such as front-running and Miner Extractable Value (MEV) exploits. COTI is in a strong position to participate in the process of creating the next generation of privacy and interoperability standards for Web3 apps as a result of its membership in the EEA.
Shahaf Bar-Geffen, CEO, COTI said:
“Joining the EEA is a pivotal step for COTI and offers a unique opportunity to exchange ideas and collaborate with some of the brightest minds in the Ethereum ecosystem. We’re eager to learn from others and contribute our expertise in return with the shared purpose to bridge the gap between innovation and real-world adoption.”
Enhancing Privacy in the Web3 Era: A Path to Mainstream Adoption
When it comes to organizations that are built on Web3, privacy has become an increasingly crucial factor. Blockchain transparency brings about a number of advantages, but it also brings about a number of threats. Furthermore, as the use of artificial intelligence (AI) advances around 2025, the need for Web3 privacy standards that are strong and compliant will become even more critical.
In recent months, there has been a substantial increase in attention paid to the significance of privacy for the adoption of Web3. In a recent public statement, Vitalik Buterin underlined the need of addressing privacy concerns in Ethereum, especially with reference to wallet technology. He also urged developers to take privacy concerns more seriously.
In order to provide assistance for the European Economic Area (EEA), COTI will contribute a profound knowledge in Web3 privacy. COTI is able to solve the privacy concerns that are essential for the widespread adoption of Web3 by cooperating with Ethereum’s most prominent developers and thought leaders. This allows COTI to combine its technological skills with the collective knowledge contained within the ecosystem.
