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Samsung SDS To Use Zero-Knowledge Proof On Nexledger Blockchain

Ramsey Baker

Summary: Samsung’s IT arm, Samsung SDS, has integrated QEDIT’s zero-knowledge proof solution (ZKP) on its Nexledger blockchain, according to a press release from QEDIT. Samsung SDS signed a memorandum of understanding with Israeli privacy-enhancing technology provider QEDIT in Seoul. QEDIT’s procedure is devised to allow parties utilizing enterprise blockchains to record and verify transactions on a ...

Samsung’s IT arm, Samsung SDS, has integrated QEDIT’s zero-knowledge proof solution (ZKP) on its Nexledger blockchain, according to a press release from QEDIT.

Samsung SDS signed a memorandum of understanding with Israeli privacy-enhancing technology provider QEDIT in Seoul. QEDIT’s procedure is devised to allow parties utilizing enterprise blockchains to record and verify transactions on a shared ledger without divulging confidential data. By using ZKP, Samsung SDS will give users of the Nexledger blockchain platform a higher level of privacy.

By Ramsey Baker

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