Golden Finance reports that the European Union recently released a report exploring the potential of permissionless blockchain in traditional finance (TradFi). The report believes that permissionless blockchain should at least be considered an option for traditional finance and financial market infrastructure, but it needs to be adopted with caution. The report believes that such blockchains can be more neutral than private blockchains, thereby encouraging competition. The unrestricted access enabled by public blockchains stands in stark contrast to the proliferation of siled, permissioned blockchains. While public blockchains have drawbacks, there are many well-known workarounds to their challenges, particularly by adding permissions at the smart contract level. Permissionless blockchains can provide an interoperability layer for L2 blockchains, including regulated blockchains, the report said. When smart contracts are on a single chain, they can be combined into more complex functionality. At the same time, the report also mentioned the shortcomings of public blockchains, such as scalability, privacy, finality, and governance. It delves into each topic, as well as the controversial MEV issue.