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Deloitte Adds QEDIT’s Zero-Knowledge Proof to its Blockchain

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The auditing and consulting giant Deloitte have integrated QEDIT’s privacy solution into its blockchain platform. QEDIT will implement its privacy-improving zero-knowledge proof cryptography to the Eduscrypt. Eduscypt platform uses blockchain technology to verify the authenticity of the data, allows organizations to track, share and validate professional qualifications more quickly. The problem was that data on blockchains are public, so storing confidential data was not possible. Deloitte wanted to provide security and thus this collaboration. The announcement was made at the ZKProof Community Event in Amsterdam on the 29th of October 2019.

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Zero-knowledge proof cryptography is mainly used in digital coins, like zCash. Furthermore, The feature allows verifying particular data without knowing the data. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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