Igor Mandrigin

Institutional privacy

Institutions do not adopt public rails without two properties that pull against each other: confidentiality (who may see what) and auditability (prove what happened). My working frame for this is doors and roads — privacy creates the rooms; interoperability makes them a market. This page collects the thread.

The frame §

A market made only of private rooms does not function. It needs roads: value, instructions, and proofs moving between institutions without everyone operating inside one environment. Privacy without interoperability re-creates the silos onchain; interoperability without privacy is transparency nobody with real positions accepts. The useful work is holding both at once — and the boundary where they meet is the JSON-RPC layer, not a bespoke chain.

The thread §

Open questions §

The three I am actively holding are on Now — bank-friendly private interop, what auditors actually need to see and prove, and how many vendor layers one counterparty can responsibly absorb. Disagree usefully: igor@ffconsulting.org.