Whether a blockchain project can truly be implemented depends not on how cool the technology is, but on whether it can establish a self-sustaining and continuously growing economic system. Take Dusk Network as an example; it designs technology under the banner of "compliant privacy," but ultimately, its value must be proven through real users and real cash flow applications—moving from theory to reality, this is the complete story.

Based on its technical features, three clear ecosystem paths can be identified.

The first is the on-chain transformation of institutional-grade financial instruments. Imagine building a compliant derivatives trading platform using privacy smart contracts, where trading parties can hide their identities and position sizes, yet still complete transactions and settlements, while meeting the audit requirements of exchanges and regulators. This is very attractive to institutional investors.

The second is autonomous control over identity and credit. In an era of data sovereignty, users can hold encrypted credentials of their education, occupation, assets, and other information, and selectively present specific proofs to banks or service providers when needed. This protects privacy while enabling credit lending or access verification—two benefits in one.

The third is supply chain and trade finance aimed at the real economy. Sensitive data such as prices and quantities among participants are protected, but logistics, information flow, and capital flow can be fully traced and automatically settled.

What is the core of these three application types? They all rely on the privacy and verification capabilities provided by the underlying network. The network's token is the passport to access these core capabilities—using it to pay for computational fees, incentivize validation nodes, and participate in governance.