Redefining the privacy boundaries of Blockchain: @zama_fhe How to achieve fully confidential smart contracts

What disruptive innovations will become possible when any Blockchain can run confidential smart contracts?
This is not only a technological breakthrough but also a fundamental shift in the paradigm of Blockchain applications.

Core Vision: Build a verifiable privacy infrastructure
Just as Web2 applications inherently protect user data privacy, blockchain applications also need to balance data confidentiality with on-chain verifiability.
Zama's Fully Homomorphic Encryption (FHE) technology is born for this purpose, and its value goes far beyond privacy transactions:

Transformative application scenarios in the field of financial systems • Compliance stablecoins with balance encryption

• Trillion-dollar level RWA asset privatization on-chain (validated by JPMorgan)
• Privacy DeFi (exchange/lending/mining) tokens and auctions resistant to MEV attacks • Manipulation-proof sealed-bid NFT auctions
• Hidden quota airdrop/grant/token unlock plan identity and governance• Personal data encrypted but verifiable on-chain identity system (DID)
• DAO/government-level confidential voting (hidden vote count and holdings) advanced applications • On-chain company with encrypted management of financial/equity tables
• Bias-resistant crypto prediction market
• User-controlled AI data trading market

Why is this the cornerstone of the next generation of the internet?

Solving the impossible triangle
The transparency of traditional Blockchain stifles enterprise-level applications (such as supply chain finance and medical records), while Zama establishes a new balance between confidentiality, compliance, and verifiability.

Activate dormant assets
One trillion dollars worth of traditional assets globally (real estate, government bonds, private equity) cannot be put on the Blockchain due to privacy issues, and FHE technology becomes the key unlocking point.

Reconstructing Human-Machine Collaboration
Users continuously profit when selling AI training data (not a one-time buyout)
Government voting prevents cheating while protecting privacy.
Enterprises use smart contracts to manage board decisions while keeping business secrets confidential.

Ultimate Vision: Programmable Civilizational Infrastructure
Zama's ambition goes beyond a single application - when the urban power grid operates on confidential smart contracts and the national judicial system is deployed on verifiable privacy chains, human society will achieve for the first time:

Programmatic Public Governance (Taxation/Election Transparency and Control)
Enterprise-level on-chain collaboration (cross-institution data encryption sharing)
Personal digital sovereignty (users have complete control over data flow)

Fully Homomorphic Encryption (FHE) is not only a breakthrough in privacy protection but also the key to unlocking new territories for on-chain applications—99% of critical applications that currently lack confidentiality and cannot be constructed will ultimately be born as a result.