Bankless Unlocking Privacy on Ethereum with Paul Brody
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Jan 25, 2023 Paul Brody, Head of EY’s blockchain business and former VP at IBM, dives into the complexities of enterprise blockchain. He discusses the recent advancements of Nightfall and its implications for privacy on Ethereum. The conversation explores the need for secure transactions in industries like pharmaceuticals and supply chains. Paul also highlights the significance of tokenization and low-cost transactions for real-world assets. This engaging chat reveals how enterprises can leverage blockchain while addressing challenges like privacy and accessibility.
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Enterprise Blockchain Definition
- Enterprise blockchain involves businesses using blockchains for transactions.
- It represents money and goods as digital tokens, and agreements as smart contracts.
Private vs. Public Blockchains
- Private blockchains are centrally run decentralized ledgers, which is ineffective.
- Enterprises need privacy for transactions but want a neutral public infrastructure.
Enterprise Privacy Needs
- Enterprises want public blockchains with privacy, not private blockchains.
- They need privacy to protect sensitive information, similar to individuals.