One of the world’s largest consulting companies Ernst & Young (EY) has presented a solution that makes possible sensitive transactions in public Ethereum. About it reported in a press release.
According to representatives of the company, the prototype Chain Public EY Ops Edition is the world’s first implementation of the Protocol proof with zero disclosure for Ethereum. As noted in the company, patents the new solution is currently “pending”.
Release from EY allows participants to create and maintain tokens in the public blockchain Ethereum, keeping sensitive data transactions. According to the company, the prototype supports tokens that are “similar” digital assets of the standard ERC-20 ERC-721.
“Private blackany ensure the confidentiality of transactions osushestvlyaetsya companies. However, it is at the expense of safety and resiliency, shares his thoughts head of EY blockchain innovation. — Thanks to the proof with zero disclosure of the organization may carry out transactions within the same network as competitors, while maintaining full confidentiality and without compromising the safety of the public blockchain Ethereum”
The new prototype includes another solution — EY Blockchain Private Transaction Monitor, allowing to keep records of transactions.
The proof with zero disclosure represent an interactive cryptographic Protocol allowing one of the communicating parties to verify the authenticity of any assertion, without having any other information from the second party
In April 2017, the company launched the platform Ops EY Chain. This and other developments Ernst & Young is designed to increase the efficiency of transactions, improved scalability, and to dispel the doubts of corporations regarding the opportunities of public blockchains. A full release of the new solution is scheduled for 2019.
We will remind, recently the Dutch financial conglomerate ING Group has presented a solution ZKSM also based on evidence with zero disclosure.