Eran Barak, CEO of Shielded Technologies, emphasizes the growing importance of onchain privacy in an age dominated by artificial intelligence. During an interview at Consensus 2025, he highlighted that as AI advancements continue, the need to protect sensitive user data from potential breaches will increase. He pointed out that hackers are incentivized to target centralized systems due to their vast amounts of valuable data, resulting in a significant return on investment. Barak advocated for privacy tools like zero-knowledge (ZK) proofs, which facilitate data verification without exposing the data itself. He argued that enhancing blockchain technology can shift the hacker incentive structure, making individual wallet hacking less lucrative compared to centralized data breaches. This perspective is especially relevant as privacy solutions gain traction among Web3 developers, making user data protection essential for transitioning to blockchain technologies. Additionally, during the event, Charles Hoskinson announced a forthcoming Midnight token airdrop aimed at unifying the industry, encouraging collaborative efforts within the ecosystem.

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