When I first heard privacy blockchain & regulated securities in the same conversation I made a very simple assumption.
I thought Dusk was basically trying to hide financial transactions.
After reading more about the architecture I did not think that is the right way to describe it.
The harder problem is actually deciding who should be able to see what.
Imagine I am an investor.
A regulated platform may need to know whether I'm eligible to purchase a particular security.
But does it need to see every other piece of information about me?
And if a regulator needs to review a transaction later, does that mean the entire transaction history has to be public to everyone?
This is where Dusks idea of programmable privacy started making more sense to me.
Privacy isnot necessarily:
nobody can see anything.
It can be:
the right information is available to the right participant for the right reason.
That is a very different model.
Citadel approaches identity and access through selective disclosure.
Hedger brings confidential workflows into the EVM environment.
And the wider Dusk architecture combines this with deterministic settlement.
But here is the part I am still thinking about:
Does selective disclosure actually create a better user experience for regulated finance, or does it simply move compliance complexity into another technical layer?
I donot know yet.
And I am not going to pretend I do.
But that is precisely why I find Dusk interesting.
The difficult question isnot:
Can blockchain hide data?
It is:
Can blockchain make financial privacy programmable without making regulation impossible?
That is a much more interesting problem.
#dusk $DUSK @Dusk
I thought Dusk was basically trying to hide financial transactions.
After reading more about the architecture I did not think that is the right way to describe it.
The harder problem is actually deciding who should be able to see what.
Imagine I am an investor.
A regulated platform may need to know whether I'm eligible to purchase a particular security.
But does it need to see every other piece of information about me?
And if a regulator needs to review a transaction later, does that mean the entire transaction history has to be public to everyone?
This is where Dusks idea of programmable privacy started making more sense to me.
Privacy isnot necessarily:
nobody can see anything.
It can be:
the right information is available to the right participant for the right reason.
That is a very different model.
Citadel approaches identity and access through selective disclosure.
Hedger brings confidential workflows into the EVM environment.
And the wider Dusk architecture combines this with deterministic settlement.
But here is the part I am still thinking about:
Does selective disclosure actually create a better user experience for regulated finance, or does it simply move compliance complexity into another technical layer?
I donot know yet.
And I am not going to pretend I do.
But that is precisely why I find Dusk interesting.
The difficult question isnot:
Can blockchain hide data?
It is:
Can blockchain make financial privacy programmable without making regulation impossible?
That is a much more interesting problem.
#dusk $DUSK @Dusk