Kaleido, a blockchain startup serving enterprises, has implemented a zero-knowledge proof solution from crypto privacy tech company QEDIT. With this, the former will now offer an advanced privacy protection service.
According to QEDIT, the partnership will help its private asset transfer function as a ready-made choice for the enterprises that use the platform. The partnership will help the firm allow clients to shield sensitive information. It will be possible through zero-knowledge proof (ZKP) cryptography when trading tokenized assets in their marketplace. The technology has a broad application. However, it is particularly handy in the energy and financial sectors. The company has already worked with many reputed brands to build blockchain networks. It includes T-Mobile, Sony, Fox, and UnionBank.
The CEO and co-founder of QEDIT Jonathon Rouach has expressed his happiness regarding the company’s new partnership. He is thrilled about having their ZKP privacy protocol available in Kaleido’s marketplace. This is because Kaleido is a leading player in accelerating the deployment of enterprise blockchain technology. It thus eliminates the need for companies to invest significant resources in custom code development.