Banks Do Not Put Client Balances On A Billboard 🏦
I judge institutional blockchain claims by one question: could a regulated bank use the design without exposing its customers to everyone else?
$CC clears that bar by keeping transaction information inside permissioned domains, which is why regulated firms can share infrastructure without broadcasting every client's activity.
That proves institutions want blockchain settlement and confidentiality at the same time.
The trade-off is that access gets decided before the transaction, which works for a closed financial network and is a very different model from an open application platform.
Midnight sits between those models, at the heart of the $ADA ecosystem. It keeps the network open while allowing applications to prove specific facts without publishing the underlying customer data.
Monument Bank, regulated by the Bank of England, is already tokenizing up to £250M of customer deposits on that architecture.
That is the adoption signal I care about because a bank does not move deposit infrastructure onto a chain simply because the privacy narrative is fashionable.
Watch whether more regulated money follows the same path, because the names using a network matter more than the claims on its roadmap.
#Privacy #Banking
I judge institutional blockchain claims by one question: could a regulated bank use the design without exposing its customers to everyone else?
$CC clears that bar by keeping transaction information inside permissioned domains, which is why regulated firms can share infrastructure without broadcasting every client's activity.
That proves institutions want blockchain settlement and confidentiality at the same time.
The trade-off is that access gets decided before the transaction, which works for a closed financial network and is a very different model from an open application platform.
Midnight sits between those models, at the heart of the $ADA ecosystem. It keeps the network open while allowing applications to prove specific facts without publishing the underlying customer data.
Monument Bank, regulated by the Bank of England, is already tokenizing up to £250M of customer deposits on that architecture.
That is the adoption signal I care about because a bank does not move deposit infrastructure onto a chain simply because the privacy narrative is fashionable.
Watch whether more regulated money follows the same path, because the names using a network matter more than the claims on its roadmap.
#Privacy #Banking
