Kaleido Becomes First Blockchain Service Provider to Integrate QEDIT’s Zero-Knowledge Proof Enterprise Privacy Solution
Tel Aviv, Israel – QEDIT, an enterprise solution for preserving data privacy using zero-knowledge proofs, has announced that its private asset transfer solution will be available in an “off-the-shelf” advanced privacy option for businesses using the Kaleido blockchain cloud platform.
The partnership was announced by QEDIT’s VP Business Development Shiri Lemel, and Kaleido Founder and Chief Operating Officer Sophia Lopez on stage at ConsenSys’ first-ever Ethereal Summit in Tel Aviv.
Through this partnership, QEDIT’s private asset transfer solution is now available in the Kaleido marketplace. Customers can seamlessly transition from executing asset transfers with ERC20/721 tokens, which leak data on the blockchain, to privacy-preserving asset transfers that leverage zero-knowledge proof (ZKP) cryptography and keep sensitive transactional data off the blockchain. As companies launch projects with advanced privacy needs, the core QEDIT technical integration in the Kaleido platform across the Go Ethereum (Geth), Quorum, and Hyperledger Besu protocols provides a groundbreaking way to access blockchain ZKP technologies.
Jonathan Rouach, CEO and Co-founder of QEDIT said, “Kaleido has played a leading role in accelerating the deployment of enterprise blockchain technology by removing the need for companies to invest significant resources in custom code development. The komgo blockchain network, which is used by leading energy companies and financial institutions, is a showcase example of what can be achieved on the Kaleido platform. We’re proud to be partnering with Kaleido and thrilled about having our ZKP privacy protocol available in their marketplace.”
Kaleido, a ConsenSys-backed company and leading blockchain business cloud, is the only full-stack blockchain SaaS that is enterprise and consortia-ready. By partnering with AWS and Azure, Kaleido’s platform spans leading cloud platforms and even hybrid deployments for a seamless multi-cloud experience. In 2018, Kaleido launched the industry’s first enterprise blockchain marketplace to offer a range of leading innovative services that provide clients with flexibility and choice. Kaleido’s zero-knowledge proof integrations are available today in its marketplace and companies can try them for free upon registration with Kaleido.
Kaleido Founder Sophia Lopez said, “As our clients’ blockchain networks mature, many are looking to solve next-gen problems for their ecosystems. QEDIT’s leading privacy innovations in the zero-knowledge space are compelling for our customers and we’re excited to offer access to QEDIT’s deep tech in our marketplace.”
Toon Leijtens, CTO of komgo, a blockchain platform for commodity trade finance built on Kaleido, said, “A challenge for blockchain networks is the protection of private information on the ledger. Zero-knowledge proofs (ZKPs) offer a potential solution for this by allowing a party to verify the accuracy of a statement without conveying the actual information in the statement.”
QEDIT’s protocol utilizes zero-knowledge proof cryptography to allow parties employing enterprise blockchains to record and authenticate the transfer of assets on a shared ledger without revealing any underlying, confidential information. Network members can verify the integrity of the proofs, but they cannot see who sent what, or how much, to whom. QEDIT also offers tools for auditors to enable regulatory compliance.
For more information, visit https://qed-it.com/.
Founded by a world-class team of seasoned entrepreneurs, researchers and developers, QEDIT leverages zero-knowledge proof (ZKP) cryptography for enterprise blockchains to enable collaboration among competitors. QEDIT’s technology safeguards sensitive business data in a shared-ledger environment and facilitates companies’ compliance with local data privacy regulations. For more information, please visit https://qed-it.com
Kaleido, a ConsenSys Enterprise Business, is an award-winning full-stack SaaS platform for building and running live blockchain networks, dedicated to making blockchain radically simple for organizations to adopt so that our societies will fully benefit from decentralized models and new trust systems. Kaleido is collaborating with cloud leaders Microsoft Azure and Amazon Web Services to offer its Blockchain Business Cloud in one native experience, with hybrid deployment and dedicated blockchain marketplace to accelerate the entire enterprise journey from exploration, proof of concepts and pilots to live production business networks. For more information, visit www.kaleido.io.
ConsenSys is a blockchain company dedicated to transforming the world’s digital architecture toward a more open, inclusive, and secure internet of value, commonly called Web3. With a more trustworthy internet architecture, ConsenSys is helping enterprises and governments unlock new business models and value, gain efficiencies through a shared IT infrastructure, and utilize modern cryptographic methods to safeguard private user data. Through our unique global business comprised of a startup incubator,Enterprise Ethereum consulting arm, and investment fund, ConsenSys is building for the decentralized future. Fore more information, please visit www.consensys.net.
Lorcan Byrne — Consultant
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