Solana Foundation Proposes "Configurable Privacy Features" for Institutions

Deep Tide TechFlow reports that on March 24, according to CoinDesk, the Solana Foundation released a report titled *"Privacy on Solana: A Full-Spectrum Solution for Modern Enterprises"*, proposing privacy as a customizable feature to drive institutional adoption. The report defines privacy as a spectrum consisting of four modes: pseudonymity (transaction data is public, identity is hidden), confidentiality (participants are aware, sensitive data is encrypted), anonymity (identity is hidden, transaction data is visible), and full privacy systems (both identity and transaction data are fully shielded using technologies like zero-knowledge proofs and multi-party computation). The report highlights that the high throughput and low latency of the Solana network make advanced privacy technologies like zero-knowledge proofs practically feasible, enabling applications such as encrypted order books and private credit risk calculations. On the compliance front, the report proposes an "audit key" mechanism, allowing designated parties to decrypt transaction records when necessary. It also supports wallets in proving compliance without disclosing identity, addressing anti-money laundering regulatory requirements.