Governor against accounts: Why is the adoption of institutional encryption require a mental transformation – the visions of the professor’s book

John Woo, President Ava Laboratory Avalanche developer discusses the need to destroy silos for digital assets in this opinion article.

In financial services, innovation often stops due to technological restrictions, but due to hesitation in a widely established mental change. While Blockchain’s institutional adoption and digital assets are now rapidly, this challenge was present from the beginning. The barriers are not purely technological – they are conceptual. To perfectly realize the promise of encryption, financial institutions must face a fundamental transformation: the transition from a world -based world to a wallet -based world.

In traditional financing, everything depends on the account. Apple shares sit in one mediation account. Live your verification and savings in a bank account in JPor Morgan. Your mortgage is served by another gate. Each of these accounts is a silo, linked to an institution, which is managed through the central infrastructure. We have learned to move in this fragmented world by connecting the intermediate tools and the application programming interface and reconciliation. But the user experience – both retail and institutions – are still stressful, transparent, and slow.

Compare it with the Blockchain world, where everything flows across the wallet. Whether that is stablecoins, NFTS, symbols, or digital identity accreditation data, all digital assets can live in one place, directly under the user control. There is no need for separate accounts with separate brokers. The wallet is the user portal for the entire ecosystem. It is not just a new interface – it’s a new mental model.

This shift challenges long assumptions in traditional financing. Throughout the generations, institutions flourished in custody, control and mediation with classes. However, in a wallet world, the value and ownership are compatible and portable. Not only does the self -body become possible, but in practice, and with it comes the possibility of radically simplified operations, public expenditures, and improved customer confidence.

Of course, this transition will not occur overnight. The current infrastructure is not designed to accommodate the logic centered around the wallet. Risk models, compliance and nursery deeply in the arithmetic frameworks. To wait for the perfect “bridge”, however, this point completely lacks. The real jump is not technological, it is cognitive.

Institutions that really want to put themselves in the next era of financial services need to re -imagine how to keep the value, transfer and control the value. They need to design systems not about institutional accounts, but about inter -operating portfolios. They should stop thinking about account management, and start thinking in terms of owned assets.

The future of financing will not be defined by the number of application programming facades that we can connect between old and new systems. It will be defined by those who are ready to adopt a wallet-based mentality-and a world of a world that is the user is the basic system.

It is not just a change in infrastructure. It is a change in the mentality.