Evening and the Narrowing Gap Between Law and On-Chain Finance
“The final set of questions surrounding Dusk relates to one conclusion: that this particular network has been constructed for the world as it is, rather than for what crypto thought it could be.” Financial systems are regulated by “licenses, accountability, reporting requirements, and liability.” Rather than fighting this, or even recognizing it as something to be addressed, Dusk embraces it and codes it in.
By supporting confidential governance, it becomes possible for a decision to be made in a way that does not put those who made the decision at risk from external pressures. However, the outcome will be verifiable.
Legal accountability is another domain where Dusk excels. On the Dusk platform, the financial contracts as well as transactions may reflect the actual obligations in the real world. This means that any cases of disagreement, audits, and regulatory verifications do not affect the system. They are contained within it.
Dusk also recognizes multiple licensing and compliance laws across different regions. This is crucial in international finance, as one rule does not fit all circumstances. Regulations can be automated, updated, and enforced seamlessly without interrupting operations in the network.#dusk $DUSK @Cellula Re-poster
