Having established itself as a revolutionary firm providing information technology solutions has announced the news about its collaboration with Israel-based firm QEDIT. The integration between the two firms will be focused on providing enterprise customers with blockchain-supported privacy-oriented technology solutions.
According to the reports, Mphasis and QEDIT will put in their joint efforts to improve, innovate, and develop Zero-Knowledge Proof solutions. QEDIT enriches its enterprise-grade clients with excellent product offerings studded with privacy-enhancing technology and Zero-knowledge Proof cryptography. The presence and utilization of world-class features of QEDIT allow the firms to indulge in the sharing, transacting, and operation of business data in an ecosystem that is secured, transparent, and fulfills the requirements of a private network.
The partnership of the two leading firms will aid the core system to wither away the possibilities of fraud and illicit transactions or activities. The development of ZKP solutions will help the firm in authenticating access to verified individuals, along with the manifestation of synchronization with the local data privacy requirements.
“All this while preserving full control over proprietary and confidential information,” quoted the team of Mphasis.
The official statement released by the companies affirmed that ‘QEDIT’s Private Asset Transfer solution employs ZKPs, a cryptographic algorithm that enables Party A to share the proof of knowledge with Party B without sharing the underlying data itself.
The statement further remarked that QEDIT’s efficient software solutions could be infused into big application projects for Mphasis’ Financial Services clients, leading to unprecedented results.
Read the statement,
ZKP solutions are slated to demand techniques that secure information further on blockchain and Mphasis believes ZKP will become that horizontal layer of security for digital identification.