Odaily Planet Daily News: The European Union recently released a report exploring the potential of permissionless blockchain in traditional finance (TradFi). The report argues that permissionless blockchains should at least be considered as an option for traditional finance and financial market infrastructure, but with caution in their adoption. The report suggests that such blockchains can be more neutral than private blockchains, thereby encouraging competition. The unrestricted access enabled by public blockchains starkly contrasts with the increasingly isolated permissioned blockchains. While public blockchains have drawbacks, there are many well-known solutions to address their challenges, particularly by adding permissions at the smart contract level. The report states that permissionless blockchains can provide an interoperability layer for L2 blockchains (including regulated blockchains). When smart contracts are located on a single chain, they can combine into more complex functions. At the same time, the report also mentions the drawbacks of public blockchains, such as scalability, privacy, finality, and governance. It delves into each topic, as well as the controversial MEV issue.