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Solana news (SOL): Foundation targets institutions with new privacy framework

CoinDesk
The Solana Foundation is pitching privacy as a customizable feature to attract large institutions, moving beyond crypto's traditional transparency.

Summary

The Solana Foundation is targeting institutional adoption by emphasizing privacy as a customizable feature, rather than a trade-off. A new report, “Privacy on Solana: A Full-Spectrum Approach for the Modern Enterprise,” argues that the next phase of crypto adoption requires giving companies control over data disclosure. This represents a shift from the traditional crypto ethos of public blockchains, where transactions are visible. The foundation proposes a spectrum of privacy modes – pseudonymity, confidentiality, anonymity, and fully private systems – allowing companies to mix and match tools based on their needs, such as encrypted order books or private credit risk calculations. The report highlights that Solana’s speed makes advanced privacy techniques practical and emphasizes the coexistence of privacy and regulation through mechanisms like 'auditor keys' and compliance status demonstration without revealing identity. Ultimately, the foundation positions privacy as a market requirement for enterprise adoption.

(Source:CoinDesk)