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Balancing Transparency and Privacy in Blockchain
- Blockchain technology offers transparency and immutability, but it poses challenges for data privacy and confidentiality.
- The Oasis Network addresses this issue with its Sapphire runtime and ROFL framework for private and scalable Web3 applications.
- Transparency vs. privacy dilemma affects sectors like finance, healthcare, and enterprise supply chains.
- Approaches like pseudonymity, private blockchains, permissioned access, and off-chain solutions have trade-offs.
- Oasis Sapphire provides confidential EVM runtime with encrypted data storage, web2 authentication tools, and free view calls.
- ROFL enables interaction with external systems, secure API access, cross-chain dApps, and secure AI computation.
- Use cases include healthcare data privacy, secure supply chain management, fair randomness in gaming, and more.
- Oasis Network bridges privacy and transparency through encryption, EVM compatibility, private view calls, and secure off-chain logic.
- The combination of Sapphire and ROFL unlocks secure, scalable, and composable decentralized applications.
- Oasis Network sets the stage for a future where blockchain applications can be open, verifiable, and private by default.
- The article explores the challenges of balancing transparency and privacy in blockchain and how Oasis Network's solutions are reshaping the space.
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