According to a report, banks risk being left behind if they continue to rely on private blockchains. The report suggests that upgrading to public, permissioned layer-2 infrastructure that incorporates ZK-proofs is essential for banks to stay competitive in modern finance. The development highlights the increasing importance of blockchain technology in the financial sector and the need for institutions to adopt more advanced solutions.

According to a report, banks risk being left behind if they continue to rely on private blockchains. The report suggests that upgrading to public, permissioned layer-2 infrastructure that incorporates ZK-proofs is essential for banks to stay competitive in modern finance. The development highlights the increasing importance of blockchain technology in the financial sector and the need for institutions to adopt more advanced solutions.