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Tarun Chitra, Founder of Gauntlet, in his talk at #Decompute2023, explores the potential economic guarantees that can be facilitated by incorporating additional covenants or constraints into traditional mechanisms such as auctions. Outlines how Zero-Knowledge (ZK) and Non-Interactive Zero-Knowledge (NIZK) can be used outside of common uses such as VM, consensus and trading. Highlights the need to communicate the benefits of privacy-preserving technologies in a more tangible and understandable way. Offers an insight into verifiable mechanism design as a method for users to understand the benefits of the systems they're using. Discusses the limitations of utilizing ZK and Homomorphic Encryption in second-price sealed bid auctions and enforcing fair ordering. Emphasizes the potential of ZK in auditing and verifying AI and the importance of improving the user experience of ZK. Concludes with the assertion that these technologies, when integrated into mechanism design, can provide robust guarantees that can directly benefit average users ---- Join the DeCompute Telegram channel: https://t.me/+UhUQYBePe9UxMThl Visit the DeCompute website: decompute.org Brought to you by Silence Laboratories www.silencelaboratories.com The versatile toolkit for MPC-TSS and Privacy-Preserving Compute