Addresses Are Not People: The Challenge of Blockchain Identity and Profiling
In traditional financial risk control, we analyze “people”—individuals or legal entities with names, ID numbers, and credit histories. But in the on-chain world, we face “addresses”—strings of 42 hexadecimal characters. The chasm between address and identity, between transactions and behavior, is the core battleground for Web3 risk control. I. The Nature of Addresses: Pseudonymity and the Identity Dilemma 1.1 What Could Be Behind an Address? When we look at an Ethereum address like 0x28c6c06298d514db089934071355e5743bf21d60, it could represent: ...