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Samsung SDS Beefs Up Privacy on Its Business-Grade Blockchain

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Samsung SDS, the enterprise technology arm of the South Korean behemoth, is enhancing privacy on its Nexledger blockchain with zero-knowledge proofs (ZKPs).

The company said Thursday it had formed a partnership with Israel-based QEDIT to record and authenticate the transfer of assets on a shared ledger without revealing underlying confidential information.

The step underscores one of the challenges facing companies adopting distributed ledger technology: broadcasting transactions to a network puts them at risk of exposing sensitive client data and tipping their hands to competitors.

Zero-knowledge proofs, a branch of cryptography that can authenticate data without revealing any details about it, are ...

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