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Spanish Multinational Bank to Study Zero-Knowledge Proofs with Madrid Government-backed Institute
Summary: Spanish multinational bank BBVA is partnering up with Madrid Government-backed software institute IMDEA to develop data-based digital solutions that ensure privacy, anonymity, and security of user data, according to a press release of BBVA today.
Spanish multinational bank BBVA is partnering up with Madrid Government-backed software institute IMDEA to develop data-based digital solutions that ensure privacy, anonymity, and security of user data, according to a press release of BBVA today.
The two parties will work on the application of cryptographic techniques in the financial sector, like privacy-enhancing technologies (PET). The main subject to study will be zero-knowledge proofs (ZKP), which allows information verification without data sharing.
The collaboration aims to combat growing cybercrimes in the course of rising telecommuting resulted from the COVID-19 pandemic and satisfy the sprouting need of the latest medical data.
By Yiran Dai
Tags: Spain,ZKP
Link: Spanish Multinational Bank to Study Zero-Knowledge Proofs with Madrid Government-backed Institute [Copy]
