Professional services giant Ernst & Young (EY) announced on Wednesday the launch of what it calls the world’s first zero-knowledge proof (ZKP) technology on the Ethereum public network. EY Ops Chain Public Edition (PE), currently a prototype, will help enterprises issue and sell product and service tokens through a public blockchain while maintaining permissioned access to the history of transactions.
EY, which is still waiting for approval for several relevant patents, developed the solution in its London and Paris blockchain labs. EY Ops Chain PE leverages the ZKP technology to allow private token transactions without interfering with the consensus algorithm. The system permits...
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