Institutions don't have a blockchain problem.
They have a data problem.
A bank can't put customer balances, transactions and counterparties on a public ledger and just hope nobody cares. That's a non-starter.
Been digging into @Dusk Network lately, and the privacy angle is what actually caught my eye.
The network uses ZK-proofs so you can prove something is valid without dumping all the underlying data on-chain.
Even the compliance part happens locally. Run the checks on your own device, generate the proof, send that proof to the network. The sensitive stuff stays private.
And XSC is interesting for RWAs because compliance can live inside the asset itself. Selective disclosure means a regulator can get the information they need without your competitors getting a front-row seat to everything.
That's the bit people miss when they talk about "putting TradFi on-chain."
Speed is nice. RWAs are nice.
But if privacy and compliance don't work, none of it matters.
IMO, that's the problem Dusk is actually trying to solve.
@Dusk #dusk $DUSK
They have a data problem.
A bank can't put customer balances, transactions and counterparties on a public ledger and just hope nobody cares. That's a non-starter.
Been digging into @Dusk Network lately, and the privacy angle is what actually caught my eye.
The network uses ZK-proofs so you can prove something is valid without dumping all the underlying data on-chain.
Even the compliance part happens locally. Run the checks on your own device, generate the proof, send that proof to the network. The sensitive stuff stays private.
And XSC is interesting for RWAs because compliance can live inside the asset itself. Selective disclosure means a regulator can get the information they need without your competitors getting a front-row seat to everything.
That's the bit people miss when they talk about "putting TradFi on-chain."
Speed is nice. RWAs are nice.
But if privacy and compliance don't work, none of it matters.
IMO, that's the problem Dusk is actually trying to solve.
@Dusk #dusk $DUSK