Copy link
Increase text size
Decrease text size
Link copied

Kaleido Blockchain integrates QEDIT Zero-Knowledge Proof Enterprise Privacy Solution

Image: Kaleido (Twitter)

Mon, 16 Sep 2019, 06:05 am UTC

Kaleido, a ConsenSys enterprise blockchain startup, has announced its partnership with QEDIT, a provider of privacy solution for enterprise blockchains.

In its announcement, Kaleido said that it is the first blockchain service provider to integrate QEDIT Zero-Knowledge Proof Enterprise Privacy Solution onto its platform to protect private information from being shared on the ledger.


Clients would now be able to keep sensitive transactional data off the blockchain through zero-knowledge proof cryptography when transferring tokenized assets. CoinDesk noted that the technology has particular utility in the energy and financial sectors.

Speaking with the news portal, Kaleido CEO Steve Cerveny explained that tokens are a “digital construct of real world assets,” adding that they have a shared state and need to move from one party to another.

“In many cases you would want to obfuscate some amount of information,” Cerveny said.

In its press release, Kaleido noted that Zero-knowledge proofs (ZKP) can provide complete transactional privacy, enabling transactions where one party can prove to another party that they know a certain value without conveying any other information.

It said that it introduced two new services around ZKP – Kaleido’s Zero Knowledge Token Transfer Service and QED-IT’s Private Asset Transfer Service – both of which are designed to promote secure, private transactions for organizations that require it. Both these services are now available in the Kaleido marketplace.

“As our clients’ blockchain networks mature, many are looking to solve next-gen problems for their ecosystems. QEDIT’s leading privacy innovations in the zero knowledge space are compelling for our customers. We’re excited to offer access to QEDIT’s deep tech in our marketplace,” said Sophia Lopez, Kaleido Founder and COO.

Jonathan Rouach, QEDIT co-founder and CEO, noted how Kaleido is accelerating the enterprise adoption of blockchain technology by removing the need for companies to invest significant resources in custom code development.

The komgo blockchain network, which is used by the world’s leading energy companies and financial institutions, is a showcase example of what can be achieved on the Kaleido platform. We’re proud to be partnering with Kaleido and thrilled about having our ZKP privacy protocol available in their marketplace,” he added.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,695.73 (+0.58%)
  • Ethereum (ETH) $243.08 (+0.72%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $256.71 (+1.12%)
  • Bitcoin SV (BSV) $196.24 (+0.07%)
  • Bitcoin (BTC) $9,695.73 (+0.58%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft