Privacy and accountability can coexist onchain, Moody's and ChangeNOW tell Consensus Miami!

Panelists at CoinDesk's Consensus Miami argued this week that the long-standing tension between blockchain transparency and user privacy is increasingly solvable through an onchain "intelligence layer" — combining hybrid architecture with wallet-address-level monitoring rather than identity-level surveillance.

Moody's global head of digital economy strategy Rajeev Bamra put the institutional digital-finance market at roughly $35 billion today, against more than $200 trillion in annual traditional clearing flows, but noted growth of "over 100 or 150%" in the past 18 months. His prescription: hybrid chains where private permissioned networks deliver accountability and credibility while public permissionless chains supply the liquidity private networks cannot.

ChangeNOW chief strategy officer Pauline Shangett described how her non-custodial exchange maps wallet addresses rather than…