When it comes to privacy protection in blockchain, many projects hype it up with grand claims—"completely anonymous," "absolutely private"—but in the end, only concepts remain in their PPTs. However, some teams have a completely different approach. They don't rely on flashy rhetoric but instead focus on how to apply privacy technology to real financial scenarios.

The key point is that **transparency and privacy are not necessarily mutually exclusive**. In reality, enterprises need to disclose necessary information to regulators and investors, but at the same time, they don't want to reveal business strategies and competitive advantages to rivals. How to achieve this balance? Zero-knowledge proofs come into play—they allow data to be verified without being exposed excessively. This set of tools can truly solve practical problems in scenarios like securitized assets, compliant DeFi ecosystems, and on-chain real-world assets.

Some projects attempt to patch existing public blockchains, but this approach is inherently limited. In contrast, solutions that design native privacy and compliance features from the ground up may not be as eye-catching in the short term, but they have greater long-term potential—supporting more complex asset transactions and institutional-grade applications, with network value that is more stable and deeply tied to actual use cases rather than driven by sentiment.

In terms of ecosystem development, genuine sincerity is evident. Collaborations with financial institutions, compliance service providers, and developers are clearly aimed at making the network truly usable, rather than just staying at the whitepaper promise.