Zcash technology will be integrated into the corporate blocking company JPMorgan
Zerocoin Electric Coin Company, the company behind the development of Zcash, has announced a partnership with leading US bank JPMorgan Chase, Forbes reports. As part of the partnership, Zcash technology will be integrated into Quorum, the corporate blockbuster platform JPMorgan, built on Ethereum. Thus, in addition to smart contracts, Quorum will also be able to provide increased level of confidentiality in operations with digital assets. "By adding the Zero-knowledge layer to the Quorum platform, we are given the opportunity to explore how this advanced privacy technology can improve next-generation financial applications," said Suresh Shetty, head of the JPMorgan blockade division. Representatives of Zerocoin Electric Coin Company note that confidentiality of commercial information is a key requirement for financial companies. "Until now, it was the lack of confidentiality that was the main obstacle to the widespread adoption of blockbuster technology. By combining Zero-knowledge protocol with Quorum private smart contracts, this obstacle is eliminated for many scenarios, from simple stock trading to complex operations with derivatives, "added Zcash's chief operating officer Jack Gavigen. Recall, earlier today Zerocoin Electric Coin Company became one of 86 companies that joined the Enterprise Ethereum Alliance. Subscribe to ForkLog news on Twitter!
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