Last year Japan’s largest credit card provider, JCB, partnered with startup LayerX for blockchain solutions for B2B payments. Today they jointly published a paper on blockchain privacy and confidentiality.
The focus is on confidential computing, which enables companies to share data privately to make calculations. This lets companies share calculation results on underlying data they can’t see. The data sharing is done off-chain, but blockchain might be used for logging.
One of the most common examples of confidential computing is to assess creditworthiness, where someone might allow their transaction data to be used. This enables calculations to assess the ability to pay without sharing the transactions themselves. That way, the credit assessor can’t actually see who is being paid.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
