Trust Wallet CEO: Web3 Industry Development Needs to Address Security, Ease of Use, and Privacy

Trust Wallet CEO Eowyn Chen says the Web3 industry needs to address security, ease of use, and privacy. "All the different parts of the industry need to work together so that we create a safer space for the mainstream users to come. I believe there is a lot more that we can do, including all the chain ecosystems to have some sort of civil society self-governance," she added. However in her opinion the most important point to address is the identity and privacy aspects, ensuring users are safe from having their private details exposed and making it easier for regulators to check compliance. "When the U.S. was working on CBDC, they did research and the number one concern from the public is they're worried about the privacy issue associated with CBDCs. We need to think about the future of the industry when you come on to regulations," she explained.