The Sui blockchain network has announced Tessera – a new infrastructure designed to ensure the privacy of transaction amounts in payments and settlements between companies. According to a statement from Sui's official account on X, Tessera is being developed as a B2B payment and settlement network, specifically tailored to meet the need for privacy in inter-institutional financial transactions.
In its presentation of Tessera, Sui emphasized that one of the main obstacles to the institutional adoption of traditional blockchains is the transparent display of transaction information. According to the companies, institutional investors are reluctant to conduct their commercial operations on infrastructure where they can see the transaction prices and volumes of their competitors.
The fact that transaction amounts are openly recorded on many existing blockchains raises privacy concerns, especially in payments between companies. Sui stated that this is one of the main reasons why blockchain technology is not gaining wider adoption in real-world business payment and reconciliation processes.
To address this issue, Tessera utilizes Seal MPC and confidential data transmission technologies. The new infrastructure is designed to hide the transaction volumes of participating companies from other market participants.
However, the structure developed by Tessera does not turn privacy into a completely uncontrollable system. It is planned that companies involved in a transaction, regulators, and other authorized parties will be able to access the transaction information when necessary. Thus, the goal is to find a balance between commercial confidentiality and regulatory oversight.
The example of Sui and its Tessera project demonstrates the acceleration of efforts to utilize blockchain technology not only in cryptocurrency transfers but also in corporate finance and B2B payment infrastructure. Ensuring transaction privacy, in particular, is a critical element for large companies implementing blockchain-based consensus systems.
*This is not investment advice.
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