Samsung SDS privacy boost on its blockchain arm with new partnership
- The technology giant, Samsung, its blockchain arm is enhancing its privacy.
- A new partnership was announced with QEDIT to leverage zero-knowledge proofs (ZKPs).
Samsung SDS, the enterprise technology arm of the South Korean giant, is enhancing privacy on its Nexledger blockchain with zero-knowledge proofs (ZKPs).
The organisation noted that they have entered into a partnership with Israel-based QEDIT, as they look to record and authenticate the transfer of assets on a shared ledger without revealing underlying confidential information.
It is a move which looks to tackle one of the challenges facing companies that are adopting distributed ledger technology. At present resulting in the broadcasting transactions to a network, which puts them at risk of exposing sensitive client data and tipping their hands to competitors.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
