You may be one of the few people who doesn’t know about it. It sends out alerts to who is passing through what gate and will alert through Discord if a structure is damaged. It does more, but I haven’t gone that deep into it. It’ll give updates as to how much shields, armour, and hull remain on a structure under attack.- all in Discord. Null sec players use this to track other players through Null.
It’s the biggest game breaker in Eve yet somehow it’s not considered a game breaker. Basically, without a cloak, you have no chance of hiding anymore- which is why Null Sec players are now wanting cloaks gone. At least that’s how I understand it. I may be wrong.