Blockchain's greatest strength is also a barrier: transparency. This transparency prevents banks and fintechs from fully committing due to the exposure of sensitive transactions. High-stakes transactions, like M&A or payroll runs, visible on public chains pose significant compliance challenges and security risks. Unlike traditional systems that maintain strict data visibility controls, blockchain lacks protection, treating all participants equally. Consequently, organizations face a dilemma between innovation and confidentiality, affecting not just institutions but also developers in various sectors, as it jeopardizes competitive advantages through exposed smart contract logic.
In traditional systems, organizations rely on strict internal controls over data visibility to keep sensitive data confidential. But today’s blockchain infrastructure offers no protection.
Blockchains are often too transparent for serious institutional use, leading organizations to choose between innovation and confidentiality. This lack of privacy tools affects all developers in decentralized systems.
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