The Solana Foundation launches a new privacy framework for institutions: enterprise-level adoption requires flexible privacy controls

According to CoinDesk, the Solana Foundation released a report titled "Privacy on Solana: A Comprehensive Approach for Modern Enterprises," which suggests that enterprise-level adoption requires flexible privacy controls and positions privacy as a customizable feature rather than a trade-off.

The report argues that the next phase of crypto adoption will depend more on allowing enterprises to control the subjects and content of information disclosure, rather than solely relying on transparency. The Solana Foundation proposes that privacy encompasses four different modes: pseudonymity, confidentiality, anonymity, and complete privacy systems. Pseudonymity hides identities while transaction data is visible; confidentiality allows participants to be known but encrypts sensitive information; anonymity hides participants' identities while transaction data is visible; complete privacy systems obscure both identities and transaction data using technologies such as zero-knowledge proofs and multi-party computation.

The report emphasizes that there is no single privacy model suitable for all scenarios, and enterprises can mix and match different tools according to their needs. The report points out that Solana's high throughput and low latency enable advanced privacy technologies to operate at near-network speeds, making applications such as encrypted order books or private credit risk calculations possible. The Solana Foundation also proposed mechanisms like "audit keys," allowing designated parties to decrypt transactions when necessary, thus achieving a coexistence of privacy and regulation.