Tagged: user privacy

July 4, 2021 @ 4:33 pm By Omar Faridi  |  

Big Four auditing firm Ernst & Young (EY) has contributed a zero-knowledge proof (ZKP) layer-2 protocol into the public domain in order to help with addressing rising transaction costs on the Ethereum (ETH) blockchain network, the world’s largest smart contract platform. The protocol has been… Read More

May 7, 2021 @ 8:51 pm By Omar Faridi  |  

Li Jun, Founder of Ontology, recently commented on how Self Sovereign Identity solutions will reshape or transform how we share data via the Internet. Jun notes that each time you get on the internet, you’re adding your digital identity and are also creating a “virtual… Read More

April 7, 2021 @ 8:23 am By Omar Faridi  |  

ABN Amro (AMS:ABN), a Dutch bank with headquarters in Amsterdam, and Rabobank, a Dutch multinational banking and financial services group, are reportedly working with research platform TNO in order to test technology that allows banking institutions to share data that’s used for identifying financial crime… Read More

March 29, 2021 @ 9:58 pm By Omar Faridi  |  

The developers of the Mina Protocol recently shared how they’re creating a private gateway between the “real world” and “crypto.” The development team noted in a blog post: “At Mina, our ambition is to design technology that empowers people. To rebalance the scales and give… Read More

March 24, 2021 @ 10:05 pm By Omar Faridi  |  

China’s officials have addressed concerns that the digital yuan may be violating or infringing on user privacy. They’ve looked into questions related to “controllable anonymity” as well. STCN reports that on March 20, 2021, Mu Changchun, Director of the Digital Currency Research Institute of the… Read More

December 23, 2020 @ 7:24 pm By Omar Faridi  |  

Mark Goldberg, partner at Index Ventures and an investor in Plaid, Intercom, and Transcend, has shared some interesting predictions around where Fintech might be heading in the next 10 years. 1/ Using the end of year to look ahead — here are 5 predictions around… Read More

September 24, 2020 @ 9:00 am By Omar Faridi  |  

Bison Trails, a major blockchain infrastructure-as-a-service firm, revealed on September 24, 2020 that it will be powering ZKValidator, which aims to support privacy and zero-knowledge research by operating community-focused public (transaction) validators on leading proof of stake or PoS protocols such as Cosmos, Polkadot, Kusama,… Read More

September 15, 2020 @ 9:57 pm By Omar Faridi  |  

The team at DAPI, the first financial API in the MENA region that allows financial technology apps to leverage Open Banking by facilitating digital payments and accessing real-time banking data, have written an open letter to the UAE Bank Federation Advisory Council. The letter, which… Read More

August 24, 2020 @ 9:58 pm By Omar Faridi  |  

Taro Aso, the Japanese Finance Minister, has reportedly said that blockchain or distributed ledger technology (DLT) could potentially help with combating the COVID-19 pandemic. Aso believes that DLT-powered solutions may be used for contact tracing while ensuring the privacy of user data. Aso, whose comments… Read More

July 10, 2020 @ 2:13 pm By Omar Faridi  |  

Orchid, a peer-to-peer (P2P) bandwidth market, confirmed on July 9, 2020 that it has launched the Orchid VPN app in the Apple (NASDAQ:AAPL) App Store. As mentioned in a release shared with Crowdfund Insider: “The app will allow users to buy bandwidth from trusted VPN… Read More

June 30, 2020 @ 10:27 am By Omar Faridi  |  

Zero-knowledge proofs (ZKPs) and other cryptographic techniques for enhancing privacy on blockchain networks are still in their early stages of development, according to the central bank of Canada. The reserve bank said that ZKPs may not be integrated into central bank digital currencies (CBDC) just… Read More

June 11, 2020 @ 7:41 am By Omar Faridi  |  

The Human Rights Foundation, a non-profit entity that aims to promote and protect human rights globally, with a special focus on “closed” societies, has introduced a Bitcoin (BTC) development fund. The new fund will support open-source application developers who are focused on making the Bitcoin… Read More

May 7, 2020 @ 12:30 pm By Omar Faridi  |  

Canada has decided to postpone its upcoming Open Banking review due to the COVID-19 outbreak. The Canadian government-led Open Banking policy review was scheduled to consult stakeholders on applicable standards, in order to provide better consumer data protection. The review was supposed to take place… Read More

April 30, 2020 @ 8:23 am By Omar Faridi  |  

The San Francisco-based developers of Brave, an open-source, privacy-oriented Internet browser, have submitted a complaint which asks the European Commission to take quick action against European Union-based government agencies that are not protecting the data and privacy of local residents. Brave’s complaint was filed on… Read More

March 31, 2020 @ 6:36 pm By Omar Faridi  |  

Lightning Labs, a company focused on developing the Lightning Network (LN), a layer-two scalability solution for conducting faster, cheaper micro-payments in Bitcoin (BTC) and other cryptocurrencies, has introduced a new authentication mechanism, called the Lightning Service Authentication Tokens (LSAT) protocol. The LSAT protocol will help… Read More