The question isn't whether privacy. It's what sort of privacy
CoinDesk
The shift toward private blockchains in institutional finance is inevitable, but the industry must choose between operator-led and cryptographic privacy models.Summary
Institutional finance is moving onchain, but the inherent transparency of public blockchains hinders adoption by exposing sensitive corporate data. The launch of private-focused networks like Tempo signals that the demand for privacy is now a verdict rather than a debate. The industry faces a critical architectural choice: relying on trusted intermediaries who manage data within private "Zones," or utilizing zero-knowledge (ZK) cryptography to ensure verifiable privacy at the base layer. While both models aim to satisfy regulatory compliance, they differ significantly in how they distribute trust and define the future risk landscape of the financial sector.
(Source：CoinDesk)