I have spoken with several professionals in traditional finance, and their concerns are quite representative—"We understand the concept of blockchain, but how can our business go on-chain? All transaction details are fully transparent, and regulatory processes are complex. This simply doesn't work."
This statement hits the core contradiction. The transparency of blockchain is a major selling point, but once it involves financial activities related to trade secrets, customer privacy, and compliance review, this advantage becomes the biggest obstacle. When an investment bank facilitates large private equity transfers, or a family office manages global bond assets, the biggest fear is exposing counterparties, quotes, and holdings to the public. Under these circumstances, conducting business becomes impossible.
This is also why there is some interest in Dusk Network. To use a vivid analogy—it’s like a "sealed room with an audit window." The people inside can confidently discuss business, with the process kept strictly confidential, but authorized regulatory agencies and auditors outside the window can verify the legality of the transaction, the authenticity of assets, and compliance with procedures through a designated channel, without revealing specific transaction details.
The technical foundation of this solution is zero-knowledge proofs and privacy computing. It’s not simply hiding data, but protecting privacy while enabling third parties to verify effectively. From a traditional finance perspective, this might be the real entry point for blockchain adoption—solving compliance issues while safeguarding trade secrets.
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GovernancePretender
· 3h ago
That's correct, privacy + compliance are the future of the financial chain.
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TommyTeacher
· 6h ago
That's right, the concerns of traditional finance folks can't be easily broken through; transparency and privacy are always at odds. The idea behind Dusk is indeed interesting, and zero-knowledge proofs definitely address many unforeseen pain points, but whether it can truly be implemented remains to be seen...
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BankruptWorker
· 6h ago
To be honest, the concerns of traditional finance folks really hit the nail on the head. Transparency is a double-edged sword.
The zero-knowledge proof approach is indeed interesting, but can it really be promoted by large institutions? It still depends on whether regulators are willing to cooperate.
The Dusk idea sounds good, but I want to know more about whether the actual cost and efficiency can convince those old-school investment banks.
It seems that blockchain will ultimately have to compromise with traditional finance rather than radically transforming it.
There are many privacy chain solutions out there, but the key is whether the ecosystem can keep up.
I love the analogy of installing an audit window, but the question is who installs it and who verifies? Power dynamics are the easiest to cause issues.
Honestly, it still needs time for validation; we can't just listen to the concepts.
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WilliamStar-Lord
· 6h ago
Something I played with 5 years ago
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SocialAnxietyStaker
· 6h ago
In the financial circle, it's basically about wanting to have your cake and eat it too. Someone has already proposed a solution, and you're still hesitating?
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Zero-knowledge proofs sound impressive, but whether they can be practically implemented at the business level depends on the specifics.
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The analogy of a sealed room with a window is good, but the question is who sets the window permissions? What if the rules change?
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Honestly, we already knew that the fully transparent approach of Bitcoin wouldn't work; privacy computing is the right path.
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Dusk and its team are indeed solving real problems, but can traditional finance truly change? That's the real suspense.
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The core issue is trust. Even with confidentiality, people need to believe you're not cheating. That's the difficult part.
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SchrodingerGas
· 6h ago
The pain points of those traditional finance folks have indeed been exposed, but to be honest, zero-knowledge proofs are still a bit early for real trading applications. I've heard of Dusk; its technical framework is indeed innovative. The question is whether the game-theoretic incentive model has been thoroughly thought through. Will regulators really buy in?
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SelfCustodyBro
· 7h ago
Yes, this is the right approach. Traditional finance is afraid of data exposure.
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Zero-knowledge proofs are indeed a brilliant method. They can verify without revealing, which is true privacy.
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In simple terms, what the financial industry needs is not transparency but controllable transparency. Dusk has captured this idea.
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A sealed room with an audit window is a perfect analogy. Only then can large accounts truly dare to go on-chain.
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Traditional finance people still fear blockchain, but when it comes to privacy, they come running. Dusk is heading in the right direction.
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The core contradiction lies here: transparency and business secrets are always at odds. A way to balance them must be found.
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I've always believed that privacy computing is the future of on-chain finance. It seems I'm not the only one thinking this way.
I have spoken with several professionals in traditional finance, and their concerns are quite representative—"We understand the concept of blockchain, but how can our business go on-chain? All transaction details are fully transparent, and regulatory processes are complex. This simply doesn't work."
This statement hits the core contradiction. The transparency of blockchain is a major selling point, but once it involves financial activities related to trade secrets, customer privacy, and compliance review, this advantage becomes the biggest obstacle. When an investment bank facilitates large private equity transfers, or a family office manages global bond assets, the biggest fear is exposing counterparties, quotes, and holdings to the public. Under these circumstances, conducting business becomes impossible.
This is also why there is some interest in Dusk Network. To use a vivid analogy—it’s like a "sealed room with an audit window." The people inside can confidently discuss business, with the process kept strictly confidential, but authorized regulatory agencies and auditors outside the window can verify the legality of the transaction, the authenticity of assets, and compliance with procedures through a designated channel, without revealing specific transaction details.
The technical foundation of this solution is zero-knowledge proofs and privacy computing. It’s not simply hiding data, but protecting privacy while enabling third parties to verify effectively. From a traditional finance perspective, this might be the real entry point for blockchain adoption—solving compliance issues while safeguarding trade secrets.