Having worked extensively in the supply chain finance field for many years, one of the most common assertions I hear is: trust is the foundation of business, and technology is the supporting framework. There's truth to that, but few projects have managed to turn this theory into a practical solution. Recently, I have been exposed to the practical applications of DUSK, which demonstrates how technology can transform abstract trust into something quantifiable and verifiable.

Honestly, after being in this industry for a long time, I’ve become somewhat numb to various "blockchain solutions." What do suppliers fear the most? Data leaks. Revenue statements and order lists are core assets for small and medium-sized businesses; who dares to easily submit financing materials? Banks also face difficulties—they cannot verify whether transaction contracts and logistics records are genuine, so they hesitate to disburse funds, leading to mutual embarrassment.

Most of the so-called blockchain solutions I’ve seen follow two basic patterns: either directly put data on the chain and treat it as done, with privacy protection being superficial; or add too many encryption layers, making it impossible for banks to see useful information, which complicates approval processes. After going through these cycles, it seems this path might also be dead end.

DUSK’s approach is different. It doesn’t rely on hollow conceptual packaging but directly targets industry pain points. The core uses ECC-ElGamal homomorphic encryption—simply put, encrypted operational data and order information from suppliers are uploaded to the chain. Banks can perform verification and audits directly on this encrypted data without decrypting, protecting merchant privacy while enabling financial institutions to effectively verify transaction authenticity. This logic is very practical, reducing many convoluted steps.

By the end of 2025, I had seen their complete solution design, and it was clear that this was not just theoretical talk. From a data security perspective, merchants felt reassured; from an approval efficiency standpoint, banks saw a breakthrough. Especially with the developments in 2026, it feels like the industry-wide transformation towards scale might truly be on the horizon.