Samsung SDS Beefs Up Privacy on Its Business-Grade Blockchain
Samsung SDS, the enterprise tech arm of the South Korean behemoth, is enhancing privacy on its Nexledger blockchain with zero-knowledge proofs.
Aleo co-founder Howard Wu says a better data privacy model for both companies and consumers can be built using zero-knowledge proofs.
The firms will leverage privacy enhancing zero-knowledge proof technology to enable institutional trading firms to cross margin and bilaterally trade derivatives from a single pool of collateral.
A majority of the top Ethereum-based decentralized applications (dapps) are switching to rollups, a layer 2 for increasing throughput.
Concordium, whose CEO is a Volvo board member, is looking to shake up the seemingly glacial world of enterprise blockchain.
Lowering the costs of private transactions in this way makes the public ethereum blockchain more competitive with private chains, EY says.