Hashgraph positions HashSphere as a response to key enterprise concerns with public blockchains, such as compliance challenges, privacy concerns, security risks and vendor lock-in

Quotes that support claims

Andrew Stakiwicz, head of solutions at Hashgraph, said that HashSphere seeks to eliminate key barriers to enterprise blockchain adoption, including vendor lock-in, scalability limitations, and the security risks associated with public networks

enterprises in industries like finance and payments often face compliance challenges, particularly with know your customer (KYC) and anti-money laundering (AML) requirements

Enterprises have been hesitant to adopt blockchain due to compliance concerns, privacy concerns, and security risks tied to public networks

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Hashgraph Association