Eximchain Applauds Use of Zero-Knowledge Proof Security on Quorum Blockchain
According to CoinDesk, “The development firm behind the privacy-focused public blockchain zcash has announced the first integration of its zero-knowledge security layer (ZSL) into an enterprise blockchain, with JPMorgan today revealing it has added the functionality to its Quorum blockchain.”
As a part of the Quorum Blockchain community and a member of EEA, we’re excited to see the integration of zero-knowledge proof security into Quorum Blockchain. zk-SNARKS has been recognized as one of the most sound ways to preserve privacy and confidentially on blockchain while achieving speed, scalability, and network stability.
Through the new functionality, users on Eximchain can generate proof of any transaction and get validation by the network with all identifiable information obscured. Financial institutions around the world are cheering about the possibility of being able to develop new ecosystems of financial products without the need for a central authority. Eximchain is gladly taking the pioneer role making this happen in global supply chain field.
