IT department of technological giant Samsung SDS integrated the solution with zero disclosure evidence to increase confidentiality of its blockchain platform Nexledger – investment website BitcoinDoubler2x learned.
The company has signed the partnership agreement with Israeli startup QEDIT, which develops technologies for data privacy protection. The solution from QEDIT allows parties, who use corporate blockchains, to records and check transactions in a distributed registry without disclosing private information.
“QEDIT`s solution passed several testing stages and proved its efficiency. The team successfully integrated zero disclosure evidence, which will assist to solve many issues with confidentiality, that enterprises often have” – vice president of Samsung SDS Jeanie Hong said.
QEDIT developers have noted that their digital asset transfer solution will also be suitable for banking sphere, as regulating bodies and institutions will be able to disclose certain information about transactions. QEDIT also cooperates with many international companies, among which is audience company Deloitte.
Let us remind that in April Samsung SDS run new version of its corporate blockchain platform Nexledger Universal, and in October the company announced about the launch of blockchain based system for processing of medical insurance claims.