Privacy is a requirement for finance, Aztec co-founder says in case for private smart contracts

Financial products that cannot operate on public ledgers could drive blockchain privacy adoption more than demand for data protection alone. Private smart contracts could allow services to verify identities and meet compliance requirements for real-world assets while keeping those assets usable across financial applications. In a Bankless interview on November 3, Aztec co-founder Zach Williamson argued that privacy is a requirement for financial products and assets that public blockchains cannot currently support. Williamson said users generally would not pay for privacy alone.