A privacy-enabled blockchain is a distributed ledger technology designed to conduct transactions and store data while maintaining confidentiality for specific parties or data points. These blockchains integrate cryptographic methods, such as zero-knowledge proofs or confidential transactions, to selectively reveal or obscure information. They address the inherent transparency of public ledgers.
Context
Privacy-enabled blockchains are central to discussions about enterprise adoption of distributed ledger technology, particularly in sectors requiring strict data confidentiality like healthcare or finance. News reports frequently highlight new protocols and implementations that balance transparency with necessary privacy. The ongoing situation involves refining these technologies to meet diverse regulatory and business requirements while preserving decentralization.
The bank is leveraging a privacy-enabled DLT network to link siloed systems, enabling real-time, compliant settlement of tokenized assets across jurisdictions.
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