Recently, I talked with a major client, and they mentioned that Mobil is preparing to enter Venezuela. Recently, to open a local corporate account for overseas oil service teams, they have been struggling with compliance reviews. The U.S. has completed its review, and now they are being reviewed there as well.
The most inhumane part of multinational due diligence is that to prove you are 'qualified', you have to hand over your company's financial statements and shareholder information for the past three years to a third party you don't know. To prove compliance, businessmen can only be forced to 'run naked'.
This is also the reason why I've been focusing on @SignOfficial recently. Don't pay attention to those ethereal grand narratives; look at the Selective Disclosure in the underlying New ID System.
This logic understands the pain points of real-world business too well. Local banks want to verify assets? You don’t need to provide specific bank statements; just generate a ZK (Zero-Knowledge Proof) certificate. When the other party scans it, they can only see the conclusion 'Funds meet the standard: Yes,' and they can't see your specific balance and sources of funds at all. It perfectly achieves 'only provide results, tightly guard your underwear'.
However, there are also real flaws. No matter how strong the privacy in the code is, when you log into the other party's bank website to submit proof, your IP and device fingerprint have long been recorded. The 'absolutely untraceable' touted in the white paper is still a fallacy in the face of physical networks.
But taking a step back, as long as this trust infrastructure can be made to work, it will be a huge benefit for us entrepreneurs in the real economy. In the future, when doing business overseas, just presenting proof can self-verify strength, and there will be no need to worry about core business secrets being leaked in layers of approval. In the dark forest of multinational business wars, this is the real dimensionality reduction strike.