# [Tutorial] Confidential Dividend Distribution on Midnight
📁 Source: Midnight-dApps/confidential-dividend A public corporate cap table is the unsolved scandal of on-chain finance. Every public company in the world reports aggregate shareholdings in 10-Q filings, but anyone who issues equity on a transparent blockchain effectively publishes positions of every holder, every insider, every family office — addressable by wallet ID forever. Half of corporate America walks away the moment you mention "on-chain." Midnight gives you a way out. This dApp sho...
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