zk role in balancing Web3 and traditional institutions — AMA with Occam DAO, Galactica Network, SwissBorg
Using zero-knowledge technology for KYC-based transactions and creating a Sybil-resistant network for on-chain political institutions were the main topics of the recent Cointelegraph AMA. Unique solutions for compliant privacy in web3 were discussed and offered during Cointelegraph’s recent AMA session that brought together Occam DAO core contributor Cristina Stavila, Galactica Network co-founder Michael A. and SwissBorg founder and CEO Cyrus Fazel. As the speakers discussed, the establishment of solid standards for compliant privacy is required as a key component for mass crypto adoption. "Compliant privacy is the only technological component between a nightmarish dystopia of CDBC and a high-profile Web3 world of obfuscated identities," Michael noted. "The regulations and the establishment of certain KYC entry points on the blockchain are necessary for the elimination of malicious participants. This process must respect privacy, which requires off-chain KYC processes t...