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AI Startups like Blocktracer are creating threats to users’ privacy revealing detailed insights of blockchain transactions. - 2
Secured transactions which use the zk-SNARK protocol can be used to ensure privacy.
Recently a report has been released by Forbes mentioning that AI and natural language processing are raising the privacy concerns because these are nowadays being used to analyse the financial data present on the internet and hence raising the privacy concerns. There are many startups whose names are coming in this list. Some of them are Blocktrace, Arkham and Nansen.
What are these AI tools and how do they
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Source: https://www.thecoinrepublic.com/2023/05/07/ai-raising-privacy-concerns-heres-how-to-stay-secure/