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Consulting giant Deloitte has integrated QEDIT’s privacy solution into EduScrypt, a blockchain-based professional qualification management platform.
The announcement was made at the ZKProof Community Event in Amsterdam today, 29 October 2019.
Announced last year, EduScrypt uses blockchain technology to enable organizations to track, share, and validate the qualifications of staff. The solution can be used to monitor professional qualifications, issue authentic and traceable certificates, manage personal education records, and ensure regulatory compliance.
EduScrypt can be customized depending on industry and organizational needs. It enables organizations to trust in the authenticity of qualifications, reduce data errors, and provides a permissioned repository for qualifications to be shared within and across organizations.
QEDIT is a privacy-enhancing technology provider for enterprise blockchains. It utilizes zero-knowledge proof (ZKP) cryptography to allow parties employing enterprise blockchains to record and authenticate the transfer of assets on a shared ledger without revealing any underlying, confidential information.
This essentially means that QEDIT’s technology allows network members to verify the integrity of the proofs, while shielding sensitive information such as who sent what, or how much, to whom. Integrating this technology with EduScrypt would allow organizations to trust in the authenticity of the professional qualifications of their staff while ensuring the privacy of the underlying data.
“Academics and enterprises both stand to benefit hugely from leveraging blockchain technology — for most organizations validating, managing and recording the education qualifications of staff and prospective hires can be a very onerous and costly process, with regulatory fines for non-compliance,” Antonio Senatore, Chief Technology Officer of Deloitte’s EMEA Blockchain Lab, said.
“Integrating QEDIT’s Zero-Knowledge Proof privacy solution ensures that organisations can trust in the authenticity of qualifications, while preserving the full privacy of the underlying data, and upholding regulatory compliance.”
Calling the collaboration with Deloitte a “milestone moment,” Jonathan Rouach, CEO and Co-founder of QEDIT, said:
“The integration of QEDIT’s privacy solution into Deloitte’s Eduscrypt platform is yet another tangible use-case, demonstrating the far-reaching potential of zero-knowledge proof cryptography to transform processes across a myriad of industries.”
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