Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy


Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company.

A Non-compulsory Feature

On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido was intended to make sure that its private asset transfer feature would be able to run as an an-off-the-shelf solution for companies using this platform.

Jonathan Rouach, the Co-Founder and CEO of QEDIT went on to add that Kaleido was playing an essential role in helping accelerate the development of enterprise solutions by getting rid of the need for firms to spend large sums of money investing in custom development of its codes.

A One-of-A-Kind Platform

The Komgo blockchain was provided by Rouach as an example of a solution that helped to display Kaleido’s potential. The CEO noted that the blockchain is currently being used by leading companies in the financial and energy industries. According to the information contained in the announcement, Kaleido claims to be the only available Saas full-stack blockchain solution.

Cointelegraph had reported last year that Amazon Web Service, a leading cloud platform, had partnered with Kaleido. The partnership sought to provide simple blockchain-based cloud platforms to its existing customer roster. This partnership led to the development and eventual release of a full-stack platform in November 2018.

The full-stack was aimed at making it easier for firms to deploy blockchain solutions.

Enterprise Clients Using Kaleido Can Now Transfer their Tokens Much More Easily

The Saas Blockchain solution from Kaleido now provides its clients with advanced privacy protection features. During the Ethereal Summit held in Tel Aviv this past weekend, the platform announced to the public that it had entered into a partnership with QEDIT.

It is a partnership whose sole goal is to assist in shielding its clients from privacy intrusions. The partnership is intended to make sure that clients can transfer tokens without risking their private information.

While this technology can be used in diverse industries, its main application right now is in the finance and energy sectors.

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