Findora

Web3 is caught between two competing needs.

On one hand, businesses and users expect financial privacy, but that isn’t possible when transactions are recorded on an open-ledger blockchain. Consumers have rightfully grown to demand privacy because it has been so deeply embedded in our financial systems – yet Web3 cannot meet this demand.

On the other hand, regulators are worried that completely anonymous systems could aid hackers and other malicious parties. As Web3 develops, it will need to protect individuals’ reasonable right to privacy while addressing the concerns of auditors and law enforcement.

Findora resolves this tension by using zero-knowledge cryptography to create programable privacy.

One of Findora’s key innovations is its dual-chain architecture which creates a zk-ledger rather than a purely open ledger. A unique L1, Findora combines privacy with auditability to prepare Web3 for mass adoption, enabling it to protect users and comply with regulations.

You should expect privacy from Web3, just as you do from traditional finance. Findora takes that expectation and makes it a reality so that privacy can be the default in Web3.

Unlike many other ZK-projects, Findora strives to combine privacy with auditability. The goal isn’t to create a system of secrecy, like a token mixer. Instead, Findora is making privacy the standard, as it is in traditional finance. Why is privacy important?

Imagine if swiping your debit card or sending a bank transfer exposed all your debts, income, and expenses. Or if every time a business paid a contractor, all their financial movements were made public. Not only would you feel exposed, but it would create difficult social situations and make business almost impossible.

That is why TradFi has established social norms around privacy and why banking regulations seek to safeguard consumer data. Web3, however, lacks the technology to offer the same protections.

Auditable privacy brings a whole new level of potential to Web3. Using Findora’s zero-knowledge proofs, token issuers can reveal transaction data to auditors while ensuring that data remains private to the general public. CEXes and other Web3 entities can issue proofs of reserves without giving exact numbers or exposing sensitive information.

Through Findora, Web3 users do not have to give up their reasonable right to privacy or forgo consumer protections.