Treating blockchain as a system truly used by financial institutions, the problems immediately become apparent. Fully transparent ledgers, real-time public order flows, transaction details accessible for review—these features sound cool on a testnet, but in real-world finance, they become ticking time bombs of risk.

Here's an interesting comparison: traditional finance has been about clearly defining permission boundaries for hundreds of years. Many public blockchains, on the other hand, flip this idea—treating the ledger as a glass house. Dusk Network's approach is somewhat different—it doesn't deny transparency but asks a core question: transparency of what, transparency to whom?

Using zero-knowledge proofs, compliance of transactions and assets can be verified on-chain, ensuring that regulators and auditors see the information they need, while sensitive business data remains in necessary black boxes. The result is: the chain is no longer a loudspeaker in a teahouse but more like a financial infrastructure with clear permissions and responsibilities. For institutions, this architecture isn't unfamiliar; in fact, it's easier to integrate with existing processes.

This point is even more critical in RWA (Real-World Asset) scenarios. On-chain assets are not a one-time deal but a full-cycle process involving issuance, circulation, disclosure, and auditing. If the chain's design ignores privacy boundaries, issuers and investors will face unnecessary risks. Dusk embeds compliance verification directly into the chain, allowing the entire asset lifecycle to be validated, while keeping business secrets private—this is how RWA can operate sustainably over the long term.

The transaction layer also reflects pragmatic considerations. Fully public transactions on a public chain lead to front-running and MEV extraction, especially disadvantaging large funds. Dusk's privacy transaction mechanism ensures that transaction results are still trustworthy and settleable, but transaction intentions are not exposed prematurely. This isn't about reducing transparency but about reducing noise and manipulation opportunities, leading to more rational price formation.

Looking at the bigger picture, Dusk clearly isn't aiming to rely on hype for survival. It is laying the groundwork for a future where finance is on-chain. When regulations tighten and institutions gradually enter, what people need isn't the loudest chain but a foundational system that considers risks, rules, and responsibilities from the start. This choice may not be the fastest, but it's the right direction.