JPMorgan Integrates Zcash Privacy Tech Into Quorum BlockchainsteemCreated with Sketch.

in #cryptocurrency • 7 years ago

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.

Derived from zcash's zk-snarks technology, the code now integrated into Quorum obscures all identifiable information about a transaction – including the user's public key and the amount transacted – while promising to also give accountants the ability to audit those transactions.

"What we have now done through our partnership with JPMorgan is use zcash technology previously pioneered in the open zcash cryptocurrency to create protected and auditable transfer of token ownership on the JPMorgan blockchain."

"Today's announcement is a prime example of how big banks and fintechs can work side-by-side to build groundbreaking technology for the financial markets," Umar Farooq, head of blockchain initiatives for JPMorgan, said in a statement.


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7 years ago in #cryptocurrency by
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     7 years ago 

    @roliboros
    we are waiting for the innovations.

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     7 years ago 

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