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ING Bank Releases Blockchain Privacy Tool Bulletproofs

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Dutch global banking and financial services corporation ING introduced its new cryptographic blockchain development called Bulletproofs, according to an announcement on Feb. 7

Bulletproofs represents an extended technology for ING’s previous blockchain privacy-focused developments such as zero-knowledge range proof (ZKRP) and zero-knowledge set membership (ZKSM).

ING bank first launched ZKRP in November 2017, enabling market participants to maintain anonymity in a transaction while still confirming its accuracy. For instance, the tool allowed a mortgage applicant to prove their salary within a certain range without revealing the exact figure.

As an improved version of ZKRP, ZKSM was released in October 2018, ...

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