The post Ethereum’s Vitalik Buterin ensuring blockchain privacy is critical to building ‘open and verifiable’ societies appeared on BitcoinEthereumNews.com. Ethereum co-founder Vitalik Buterin warned that society’s growing reliance on digital infrastructure could erode public trust unless technologies are built on open and verifiable foundations. In a Sept. 24 blog post, he argued that healthcare systems, civic tools, and personal technologies face heightened risks when users cannot see how the systems that govern them work. Buterin said the rapid pace of global innovation has deepened humanity’s dependence on digital tools, from health trackers to encrypted messaging. That reliance, he cautioned, can create dangerous concentrations of power if corporations or governments control the underlying infrastructure. To avoid that outcome, he urged developers to prioritize open-source design and verifiability that end users can check directly. According to him: “[These technologies] benefits are too great, and in a highly competitive global environment, civilizations that reject these technologies will lose first competitiveness and then sovereignty to those that embrace them. However, in addition to offering powerful benefits, these technologies deeply affect power dynamics, both within and between countries.” Open systems applications Buterin pointed to healthcare as a sector where the stakes are particularly high. He explained that proprietary health data platforms leave individuals dependent on corporate gatekeepers, who can charge fees or block access altogether. By contrast, open and verifiable systems would allow defensive biotech to fight pandemics while preserving public trust in the data behind the response. He also warned that insecure data systems create direct threats to safety. Stolen health records could enable insurers to exploit customers or criminals to target victims based on location tracking. He noted: “If this kind of personal health data is insecure, someone who hacks it can blackmail you over any health issues, optimize pricing of insurance and healthcare products to extract value from you, and if the data includes location tracking they know where to wait… The post Ethereum’s Vitalik Buterin ensuring blockchain privacy is critical to building ‘open and verifiable’ societies appeared on BitcoinEthereumNews.com. Ethereum co-founder Vitalik Buterin warned that society’s growing reliance on digital infrastructure could erode public trust unless technologies are built on open and verifiable foundations. In a Sept. 24 blog post, he argued that healthcare systems, civic tools, and personal technologies face heightened risks when users cannot see how the systems that govern them work. Buterin said the rapid pace of global innovation has deepened humanity’s dependence on digital tools, from health trackers to encrypted messaging. That reliance, he cautioned, can create dangerous concentrations of power if corporations or governments control the underlying infrastructure. To avoid that outcome, he urged developers to prioritize open-source design and verifiability that end users can check directly. According to him: “[These technologies] benefits are too great, and in a highly competitive global environment, civilizations that reject these technologies will lose first competitiveness and then sovereignty to those that embrace them. However, in addition to offering powerful benefits, these technologies deeply affect power dynamics, both within and between countries.” Open systems applications Buterin pointed to healthcare as a sector where the stakes are particularly high. He explained that proprietary health data platforms leave individuals dependent on corporate gatekeepers, who can charge fees or block access altogether. By contrast, open and verifiable systems would allow defensive biotech to fight pandemics while preserving public trust in the data behind the response. He also warned that insecure data systems create direct threats to safety. Stolen health records could enable insurers to exploit customers or criminals to target victims based on location tracking. He noted: “If this kind of personal health data is insecure, someone who hacks it can blackmail you over any health issues, optimize pricing of insurance and healthcare products to extract value from you, and if the data includes location tracking they know where to wait…

Ethereum’s Vitalik Buterin ensuring blockchain privacy is critical to building ‘open and verifiable’ societies

Ethereum co-founder Vitalik Buterin warned that society’s growing reliance on digital infrastructure could erode public trust unless technologies are built on open and verifiable foundations.

In a Sept. 24 blog post, he argued that healthcare systems, civic tools, and personal technologies face heightened risks when users cannot see how the systems that govern them work.

Buterin said the rapid pace of global innovation has deepened humanity’s dependence on digital tools, from health trackers to encrypted messaging. That reliance, he cautioned, can create dangerous concentrations of power if corporations or governments control the underlying infrastructure.

To avoid that outcome, he urged developers to prioritize open-source design and verifiability that end users can check directly.

According to him:

Open systems applications

Buterin pointed to healthcare as a sector where the stakes are particularly high.

He explained that proprietary health data platforms leave individuals dependent on corporate gatekeepers, who can charge fees or block access altogether.

By contrast, open and verifiable systems would allow defensive biotech to fight pandemics while preserving public trust in the data behind the response.

He also warned that insecure data systems create direct threats to safety. Stolen health records could enable insurers to exploit customers or criminals to target victims based on location tracking. He noted:

In the case of brain-computer interfaces, a successful hack could allow hostile actors to read or manipulate a person’s thoughts, a scenario he stressed is no longer science fiction.

Buterin argued that the same risks extend to civic technology and personal devices.

According to him, transparent voting systems, encrypted communication, and open-source operating systems could counter centralization and empower users, while closed systems increase the risk of manipulation and lock-in.

The Ethereum co-founder opined:

Cryptography solution

Buterin acknowledged that achieving his vision of “open and verifiable” societies will require advanced cryptography, including zero-knowledge proofs, homomorphic encryption, and formally verified hardware.

According to him:

While these systems may sacrifice some performance and challenge standard business models, he insisted that the trade-offs are worthwhile.

Buterin proposed starting with domains where trust is more important than speed, such as secure communications and healthcare applications. He argued that developers can create models that gradually extend across the digital economy by first embedding openness and verifiability in these areas.

However, Buterin concluded that:

Mentioned in this article

Source: https://cryptoslate.com/ethereums-vitalik-buterin-ensuring-blockchain-privacy-is-critical-to-building-open-and-verifiable-societies/

Market Opportunity
null Logo
null Price(null)
--
----
USD
null (null) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

Presale crypto tokens have become some of the most active areas in Web3, offering early access to projects that blend culture, finance, and technology. Investors are constantly searching for the best crypto presale to buy right now, comparing new token presales across different niches. MAXI DOGE has gained attention for its meme-driven energy, but early [...] The post MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities appeared first on Blockonomi.
Share
Blockonomi2025/09/18 00:00
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52
Bank of Canada cuts rate to 2.5% as tariffs and weak hiring hit economy

Bank of Canada cuts rate to 2.5% as tariffs and weak hiring hit economy

The Bank of Canada lowered its overnight rate to 2.5% on Wednesday, responding to mounting economic damage from US tariffs and a slowdown in hiring. The quarter-point cut was the first since March and met predictions from markets and economists. Governor Tiff Macklem, speaking in Ottawa, said the decision was unanimous. “With a weaker economy […]
Share
Cryptopolitan2025/09/17 23:09