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Through compliance and privacy tools, Findora makes it possible for institutions to adopt web3.

For 14 years, many talented and innovative teams have been working to make Web3 applicable to Web2 institutions. They are striving to reshape our digital presence to be more resistant to censorship and freedom-oriented. This is the dawn of Web3. Engineers have developed autonomous and Decentralization identity systems that allow all personal data to be owned by users. However, despite grassroots support and enthusiasm, as well as talent, innovation, and funding, the pace of application has been slow. Why is there such great potential, yet the speed of mainstream application is so slow? Part of the reason is that Financial Institution is known for resisting change and risk. But another reason is that Web3 is not suitable for mainstream adoption. To support institutional adoption, web3 needs a comprehensive Compliance solution that supports privacy. This solution is Triple Masking. Blockchain is too transparent for commercial use and carries too much risk from a regulatory perspective. On the one hand, operating on a public ledger means that companies always face the risk of sensitive information leakage (such as salaries and trading strategies). On the other hand, the anonymity of blockchain makes it difficult for banks and financial institutions to comply with KYC and AML regulations. Web3 needs a privacy-centric Compliance solution. It has been proven that privacy is a necessity, not a luxury.
Even Web3 ideas like Decentralization identity need to wait for the emergence of on-chain privacy solutions. Without on-chain privacy solutions, Decentralization identity can easily become a tool for mass surveillance, but at the same time, it can also become a free tool combined with Non-fungible Tokens on the immutable ledger. Triple Masking solves all these problems. By combining privacy and compliance, it strikes a middle ground between extreme confidentiality and complete transparency, laying a solid foundation for the transition from Web2 to Web3. What is Triple Masking? Triple Masking is an advanced technology that can encrypt sensitive on-chain data to make it invisible on the blockchain explorer. Wallet addresses, transaction amounts, and token types used in transactions can be kept confidential on-chain to comply with consumer protection laws. At the same time, it simplifies compliance, and token issuers can use asset tracking to access transaction records as needed. Therefore, by combining privacy and compliance, Triple Masking paves the way for Web2 institutions, entities, and enterprises to transition to the Web3 ecosystem. One key aspect of Triple Masking is its ability to enable privacy Decentralization ID using encryptionWalletAddress, making the technology more attractive and secure. Combining the ability of privacy DiD with encryption transaction amounts allows for use cases such as private payroll, anonymous DAO voting, and customer loyalty programs - all done in a compliant manner. Through Findora’s cutting-edge zero-knowledge technology, Triple Masking can achieve all this. Zero-Knowledge Proof (ZK What impact can it bring to Web3) can verify the authenticity of on-chain data without leaking data details; users can protect their on-chain data from being disclosed, while still allowing access to the key aspects they need. Why is privacy and auditability important? Listen to what Sam Harrison, CEO of Discreet Labs, has to say: _cid=016aeea9e0e5f6310ed1bfeacf158c61&utm_source=embed_player_p&utm_medium=desktop&nd=1 Designed specifically for institutional use. Like John Powers, the founder of Findora comes from the finance industry of Web2. They have a deep understanding of what blockchain needs to do to win institutional trust and investment. Triple masking represents the realization of their initial vision. It is the treasure in the Findora product suite and mission:
“…a trap solution that provides users with the option to preserve privacy while also offering a mechanism to support asset tracking and regulatory compliance with relevant laws. It is no exaggeration to say that this solution is what the blockchain industry has been waiting for.” Triple masking has also opened up a series of new use cases: Salary infrastructure Developers can use Triple Masking to build salary dApps for DAOs and enterprises. Employers will be able to send fully auditable on-chain payments to accountants and tax authorities without revealing the amounts paid to employees, contractors, and suppliers. Triple Masking can be combined with real-time Settlement solutions to provide an alternative to payday loans that can be implemented globally. International Payment International payments are complicated, expensive, and slow. Through Triple Masking, international payments can have all the privacy protections that consumers are accustomed to, while being faster and more efficient than existing infrastructure such as SWIFT. Reward Program When combined with the privacy DID system, Triple Masking allows companies like Starbucks and Delta to run privacy-protected reward programs. While blockchain has already been able to implement customer loyalty reward programs, Triple Masking enables on-chain reward programs to protect user’s personal data while also meeting auditors’ queries. Empower DAO Triple Masking can also be used to create anonymous voting on DAOs. While transparent voting is essential, anonymous voting may be more important in certain situations as it helps reduce the bandwagon effect. It can also be used for privacy payments and community rewards. How ZK helps DAOs in detail Privacy Stable Coin
Tokens like USDC and USDT will be more suitable for commercial applications. Tokens such as USDT and USDC will be able to protect themselves from OFAC sanctions through the asset tracking feature of Triple Masking. Auditors can be internet companies that own assets such as Starbucks or games. We can even promote incentive plans through DID. DID can be used for membership and royalties. Specially designed for developers
Compatible with the ETH blockchain Leveraging Findora’s unique dual-chain architecture, Triple Masking extends privacy to ERC20, ERC721, and ERC1155 tokens, enabling the construction of any number of dApps. The chain structure provides compatibility with Ethereum and its ecosystem. Plug and play programmability This is not a privacy token or token mixer. It is a plug-and-play privacy solution designed specifically for builders. Triple Masking allows developers to easily integrate zero-knowledge compliance and privacy solutions. Findora has developed a Triple Masking SDK and an industry client, making it easier for developers to leverage Findora’s ZK capabilities in their dApps. Redefining our relationship with data Triple Masking is a big step forward for Web3. It drives the industry towards maturity and lays the foundation for Web2 institutions to enter Web3. Banks and Financial Entities can benefit from the efficiency of blockchain while still being able to meet the privacy needs of KYC regulations and consumer protection laws. Triple Masking gives Financial Institution the confidence to enter the field. Enterprises and dApps will be able to take advantage of functionalities they couldn’t use before, and users will have better control over their on-chain data. Instead of accepting complete transparency, we can expect privacy in Web3 transactions. Blockchain not only becomes an immutable record of assets, but also a tool for truly owning these assets. While providing Compliance solutions for institutions adopting blockchain technology, it still maintains privacy as the default value. In the next few weeks, we will continue to explore the working principle of Triple Masking and what it means for institutional adoption of Web3! About Findora Findora is committed to building web3 privacy through advanced Zero-Knowledge Proof cryptography. Findora is an innovative Layer1 project that combines a privacy-optimized native UTXO ledger with a programmability and interoperability EVM extension layer, allowing developers to leverage any model when building auditable privacy dApps. Sincere thanks to our developers, and welcome everyone to join the Findora ecosystem. Please join our social media channels for more information. Findora Related Links:**> Website：Mainnet：Medium：Twitter：Github：Findora Academy：Reddit: _Official/LinkedIn: Youtube: Newletter: **