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Blockchain as a Catalyst for Societal Change: Utopian Visions vs. Dystopian Realities

Blockchain as a Catalyst for Societal Change: Utopian Visions vs. Dystopian Realities

Abstract Blockchain is often hailed as a transformative technology, poised to reshape economic, social, and political systems. Built on the principles of decentralization, immutability, and transparency, it fuels hopes for financial inclusion, traceable supply chains, secure digital voting, and self-sovereign identities. Yet these same features can produce unintended consequences: heightened
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The Payy Network: Private, Compliant, and Scalable Blockchain Transactions

The Payy Network: Private, Compliant, and Scalable Blockchain Transactions

Blockchain technology has transformed the digital landscape by enabling decentralized, secure, and intermediary-free transactions. However, its inherent transparency—where every transaction is publicly visible—has hindered adoption in sectors like traditional finance, payments, and real-world asset management, where confidentiality is critical. This creates a blockchain trilemma: balancing privacy, regulatory compliance,
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Digital Cash vs. Digital Ledgers: How the Payy Network's Design Protects Financial Privacy

Digital Cash vs. Digital Ledgers: How the Payy Network's Design Protects Financial Privacy

Executive Summary Blockchain’s transparency, while a virtue for public accountability, creates significant privacy concerns for financial use cases. The Payy Network, an Ethereum Layer 2 validium rollup, combines zero-knowledge proofs (ZKPs) with a UTXO-based model to provide digital cash-like privacy while maintaining compliance and scalability. This architecture delivers unlinkable
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