While many individuals are relaxed about personal privacy, business will never accept that customer and their transaction behavior will open to forensic analysis and consequent exposure of confidential information.
This reality means that business blockchains must be encrypted to ensure absolute confidentiality, with this in mind it begs the question:
How can a regulator expect suspicious transaction reports that meet Anit-Money Laundering requirements, without a holding a key to an encrypted ecosystem, a key that if mishandled would risk exposure of confidential business data.
This reality is why intrinsic identity and encrypted chains are not considered a viable alternative to anonymous chains, but what would the IMPACT be if there were a solution to this conundrum?
All of a sudden a KEY to releasing promised potential of crypto would be a game changer for business, individuals and regulators.