Transparency and risks to institutions: Avidan Abitbol, project director of DOP, points out that institutions are concerned about the high transparency of public blockchain. According to him, this transparency can cause risks of theft and fraud, placing institutions at a disadvantage in business negotiations. They need to keep daily transactions, Bitcoin or Ethereum balances confidential.

Zero-knowledge and security solutions: Abitbol emphasizes that zero-knowledge technology can address security issues. He believes that adopting this technology can help institutions feel more secure when participating in the Web3 ecosystem. Zero-knowledge allows transactions to be validated without revealing detailed information.

Impact on industries: Paul Brody, an expert from EY, emphasizes that the lack of privacy on blockchain affects many industries, especially healthcare. Patient privacy is crucial but difficult to protect with public blockchain. Technologies like those of Chainlink are being tested to improve security.

MEV and market risks from transparency: The transparency of blockchain not only poses security risks but also drives issues regarding maximum extractable value (MEV). Miners or validators can rearrange transactions to maximize profits. This adversely affects market fairness and can lead to damages for institutions.