Fraud News

Consensus 2017: Enterprise Ethereum Alliance Puts Blockchain Privacy Into Focus

Author: Alyssa Hertig / Source: CoinDesk

Privacy and confidentiality are big-ticket priorities for the Enterprise Ethereum Alliance, ethereum-focused consortium launched in February.

The group – which last night announced the addition of 86 more members, including South Korean telecom Samsung and car manufacturer Toyota – took to the stage today at CoinDesk’s Consensus 2017 conference in New York, detailing the work its various members and working groups are pursuing.

In the words of one panelist: “Everyone has a very long wish list.”

But it was transaction privacy – currently an unsolved problem with a number of potential solutions – that was a recurring topic over the course of the afternoon.

IC3 co-director Ari Juels perhaps summed up the sentiment best by saying:

“Without confidentiality, we’re not reaping the full benefit of the blockchain.”

Maksym Petkus, an engineer for blockchain startup Chronicled, spoke to what he believes should be the next steps on this path.

“I would like to see privacy moving from off-chain to on-chain maybe using zk-SNARKS. I think this is the way to go,” he said.

Click here to read more

Click Here to Read More

Click to comment

Leave a Reply

Your email address will not be published.

Most Popular News

To Top