JPMorgan & Zcash enhance Blockchain Security

JP Morgan is providing new layer of privacy for blockchain customers 

JPMorgan partnered with ZCash to provide a new layer of privacy to users of its enterprise grade Blockchain. JPMorgan and the Zerocoin Electric Coin Company are now in the process of integrating ZSL, a zero-knowledge security layer designed to securely – and anonymously – settle transactions on the blockchain that were previously conducted elsewhere.

Though Quorum already lets enterprises execute privacy-oriented smart contracts, the new zero-knowledge security feature is designed to extend the actual settlement of those transactions onto the blockchain itself.

JP Morgan is leading in the Blockchain space, first with Juno, an early experiment with the technology unveiled at a Hyperledger meeting. By October, the project had evolved into Quorum, an enterprise-grade blockchain designed specifically to let large financial institutions comply with regulatory requirements, especially on the privacy protection front. Quorum is now accepted into Microsoft Azure Blockchain as a service platform.

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region. Lara worked with Unlock Blockchain until 2022.

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