Compliant Privacy at Blank
We built Blank because we believe in the basic human right of privacy. We’ve seen that the owners of centralized platforms are in control of users’ sensitive personal and financial information rather than the users themselves. As so, privacy remains the core value driving our development forward every day.
The same fundamental beliefs that paved the way for the Decentralized Finance (DeFi) sectors to flourish have enabled our project to address the demand for privacy that exists in it. Since DeFi allows for central bodies to be circumvented, users can reclaim actual ownership of their data, which has always belonged to them in the first place.
If any centralized party controls a DeFi platform and keeps a track record of the users’ transactions or financial data, it ceases to be decentralized. With Blank, the user can retake the right to choose whether he wants to reveal his financial information and who he reveals it to.
With that being said, privacy should never substitute for compliance — and the lack of compliance is not the desired byproduct of achieving privacy. While we acknowledge that centralized platforms go overboard with exposing users’ data, protecting one’s privacy should not come at the expense of disregarding laws, rules, or policies. By achieving compliant privacy, we ensure that both legal and personal boundaries are respected and abided by.
To achieve the wider adoption of DeFi, it is essential to strictly follow any regulations imposed on crypto and the financial industry in general. By now, most market participants understand that lack of compliance is not desirable in order for DeFi to go truly mainstream.
However, even before that happens, it is essential to instill the right-minded practices, which will, in turn, make for a seamless transition as more and more people get excited about the future of DeFi and join the booming industry.
Compliant Transactions on Demand
Here at Blank, we provide a mechanism that empowers compliant privacy on demand. It is entirely up to the users to reveal their transactions to any third parties or keep them private. When our wallet users decide to share the origin of their assets, they will be able to provide cryptographically authenticated proofs that prove the history and origin of a single privacy smart contract interaction.
Our wallet users will be able to generate a certificate from a deposit’s private note with a click of a button. This piece of information can then be easily forwarded to the relevant recipients in case the user chooses to reveal the origin of the funds. Any financial data is only revealed to the parties selected by the end-user.
As a result, Blank users can provide the whole transaction flow and the origin of their funds to whoever they want to share their private information with. Ultimately, the choice of to whom this data is supplied to remains in the hands of its rightful owner.
Without the successful collaboration between the decentralized and regulatory landscapes, it would be hard to see DeFi taking over the traditional financial sector any time soon. As so, we’ve made the creation of a compliant privacy solution the core mission of Blank, an aspect that will continue to stand out as the wallet moves closer to fruition.
About Blank Wallet
Blank is the most private, non-custodial Ethereum browser extension wallet.
Blank allows the user to easily interact with privacy smart contracts on Ethereum to hide the amounts and the origins of cryptocurrency held in a decentralized, non-custodial, and frictionless manner.
Blank solves the problem of privacy in crypto transactions. Each time you want to make a withdrawal, Blank will create a new wallet address for you with the amount of crypto you requested. This address originates from the smart contract, where everyone’s funds are pooled. All of this is achieved using cryptographic proofs to ensure that the user cannot be linked with the original depositing address.
With crypto transactions increasing, on-chain transaction privacy is being highly discussed to keep you safe from exposing yourself. Blank has developed a system that adds the ultimate protective layer to your crypto transactions while facilitating every function that other wallets offer.
Anyone can easily install Blank and start reaping the privacy benefits in no time at all. Besides the smart contract functionality, Blank wallet offers a higher level of privacy due to Tor integration. Upcoming functionality includes DeFi web3 integrations as well as support for Metamask Snaps Plugins to allow for seamless connectivity and usage.
Reclaim privacy on your Ethereum transfers. Go Blank.
The information provided in this article is for purely educational purposes, it does not constitute legal or other professional advice and is neither a legal interpretation nor a statement of our policies. Reference to any specific product or entity does not constitute an endorsement or recommendation by us. Our services should never be used to infringe any laws or regulations. We cannot guarantee that everything here will apply to you, or anyone else. All the information above should be treated as educational material. We take no responsibility for your actions and/or the results of your actions after following the information above.