Blockchain technology has for a long period been viewed as a revolutionary technological advancement in the financial industry; however, its uptake has been slower than expected. However, the greatest domain through which blockchain technology has been disrupted, particularly within the financial sector, is lack of regulatory considerations. Dusk Network works differently.
@Dusk has a design for a regulated space. Dusk not only overlooks compliance but makes it a part of its process. This will allow institutions to learn more about the idea of blockchain without any issues regarding compliance. Dusk also emphasizes private data using cryptography.
Why is it an innovation?
This technology incorporates the use of zero-knowledge proofs that facilitate the verification of Dusk’s transaction and smart contracts without the need for information revelation.
This is particularly the case for security tokens as well as for tokenized assets. In regard to security assets, while they do not necessarily involve cryptocurrencies, security assets do necessarily involve “very controlled handling regarding ownership, transfer, and disclosure”.
Unlike generic blockchains, $DUSK specializes. The structure of its infrastructure replicates that of traditional finance systems. Therefore, integration becomes more viable.
With regulations being clarified, a network designed without consideration for regulations may have difficulties. Dusk's proactive network puts it as infrastructure rather than experimentation.
