Blockchain's Public Verifiability Hinders Mass Adoption - Zama

I referred to  @zama as the confidential finance (conFi) in one of my latest replies, which caused some reactions😂

And yes, I was right.

According to Zama, problems facing blockchain against global adoption are the inability to publicly verify transactions without disclosing all the transaction data to everyone, as the very data it is supposed to be used for (money, identity) is highly sensitive by nature.

Hence, the team posited that without confidentiality, blockchain cannot reach mass adoption.

State-of-the-art open-source cryptography to protect privacy with Fully Homomorphic Encryption (FHE).