Kaleido's Enterprise Clients Can Now Transfer Tokens In Complete Privacy

Published on by Coindesk | Published on

Kaleido's software-as-a-service blockchain solution will now offer an advanced privacy protection service.

At the Ethereal Summit Tel Aviv 2019, on Sunday, the company announced a partnership with QEDIT, a developer of privacy technology for enterprise blockchains.

Through this partnership, the firm will allow clients to shield sensitive information through zero-knowledge proof cryptography when trading tokenized assets in their marketplace.

The company has worked with established brands including T-Mobile, Sony, Fox, and UnionBank to build blockchain networks.

"Tokens aren't just about crypto anymore, they're a digital construct of real world assets," Kaleido CEO Steve Cerveny told CoinDesk.

While transactions remain legible on the blockchain and verifiable by network participants, "Observers cannot see who sent what, or how much, or to whom," Cerveny said.

ConsenSys-backed Kaleido assists large organizations move from blockchain pilots to production.

The latest integration removes the friction from experimenting with the emerging privacy tech.

Further, the network is private and permissioned, meaning that organizations themselves will determine which information will remain publicly available.

"Enterprise tokens are still nascent, but many firms are coming around to how powerful these things are to share state. We're bullish tokenization will be universally applicable."

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