An expert in applied cryptography, Nanak Nihal Singh Khalsa, believes that zero-knowledge proofs (ZKPs) offer a solution for balancing privacy and regulatory compliance in blockchain technology. ZKPs provide privacy to blockchains while still allowing compliance with regulations. Khalsa argues that current securities laws are not ideal for policing the blockchain space and that clearer and more specific rules are needed. However, the adoption of ZKPs is hindered by factors such as computational power limitations and the lack of standardized systems and development tools. Collaboration, open-source communities, and collaborative research play a significant role in the advancement of ZKP technology. Khalsa also discusses the importance of white-hat hackers and the recent Kraken-Certik incident, which has raised questions about ethical hacking and auditing perception in the industry.



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