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EY Reveals Zero-Knowledge Proof Privacy Solution for Ethereum

“Big Four” accounting firm EY has announced a tool that it says will bring private transactions to ethereum – that’s the public blockchain, not a permissioned, enterprise version of the network.

The firm announced in a press release Tuesday that its EY Ops Chain Public Edition prototype (“with patents pending”) is the “world’s first” implementation of zero-knowledge proof (ZKP) technology for ethereum.

ZKPs are a cryptographic method that allows two parties to prove that a secret is true without revealing the actual secret. In the case of cryptocurrencies and blockchains, this is most often data about transactions.

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