Shahaf Bar-Geffen, CEO of COTI, highlights the challenges in convincing enterprises to embrace complete privacy in systems, citing concerns about illicit activities.

Bar-Geffen emphasises the importance of regulatory perception in enterprise adoption of privacy solutions, citing Tornado Cash as an example.

He suggests that implementing "garbled circuits" could enable transactional confidentiality in Web3, resembling the privacy of traditional banking systems.

Regarding Ethereum's recent Dencun upgrade, Bar-Geffen views it as a step toward enhancing scalability, with significant benefits for Layer 2 solutions.

Bar-Geffen discusses the potential of confidentiality in Web3 to unlock novel use cases, such as secure data management and decentralised identity verification.