Today, privacy tech firm
QEDIT announced its partnership with Samsung SDS for private blockchain transactions. The companies have successfully integrated QEDIT’s zero-knowledge proof (ZKP) privacy solution in Samsung SDS’s
blockchain, and will use it for authenticating asset transfer without revealing confidential information.
Korean Samsung SDS offers cross-industry solutions on its Nexledger blockchain, launched in 2017. It has worked with
Korean customs,
ABN AMRO for trade finance project
DELIVER, and more recently with Tech Mahindra and Pega for
robotic process automation (RPA). The $11.8 billion revenue firm developed
Accelerator technology which speeds up Hyperledger Fabric.
Now, it has adopted a ZKP privacy solution. The cryptographic technology allows network members to verify that an asset transfer has taken place, but without seeing who was involved or the transaction value. ZKPs for financial blockchain applications have gained considerable traction.
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