Cardano explores zero-knowledge evidence, which helps authenticate transactions without disclosing any of the personal information of the sender or recipient.
Cardano creator Charles Hoskinson said his company, IOHK, researched Electronic Coin Company’s zk-SNARK evidence, which allows Zcash to have transactions that retain verifiable validity while remaining fully encrypted on the blockchain.
Hoskinson expanded on the topic at a recent AMA when asked if the IOHK plans to analyze ECC’s new Halo project, “a technique for creating practical, scalable, and trustless cryptographic proof systems,” ending a nearly decade-long pursuit by the crypto community. “
“We’re definitely following the latest and greatest state of the art – we do a lot of SNARK work under the hood. We have some cool ideas.
We implemented Sonic. We’re looking at Marlin, we’re looking at other things… 2020 will be the year of SNARK for many cryptocurrency projects, and it’s extremely exciting to see how powerful it is and what it can do.
Hoskinson also touched on Cardano’s recent project with shoe giant New Balance.
The partnership, designed to allow customers and retailers to track the authenticity of New Balance’s latest footwear, launched last week.
Hoskinson says Cardano and New Balance are in full production, and the technology is more than just a proof of concept.
“This program is not a memorandum of understanding or a pilot project with New Balance. It’s actually a real project. They pay us, and it’s a real product in the market that people are buying and using right now. It’s just a matter of how far we can extend this relationship, and our hope is to expand it as much as possible.
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