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Transparency
Access and trust

Transparency

The degree to which participants in a blockchain network can see the record. On a public blockchain, the entire record is visible to anyone. On a private or permissioned blockchain, visibility is controlled.

TradFi equivalent
In traditional finance...
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TradFi equivalent
Regulatory reporting. Institutions are required to make certain information visible to regulators and counterparties while keeping other information confidential.
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Analogy
In everyday terms...
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Analogy
A glass-walled conference room. People outside can see that a meeting is happening and who is in it, but they cannot hear what is being said.
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