In a recent blog post, Input and Output HK, the body behind Cardano blockchain project, states it is investigating all means to enhance privacy, personal agency, as well as inclusive accountability on its blockchain project.
IOHK noted that contrary to what cryptography stands for, third party are now using their power and position to access users’ information, hence the reason why IOHK will be dedicating its research to address data security.
The research company founded by CEO Charles Hoskinson said it has produced 60 peer-reviewed academic papers on this course, adding that 5 of the papers are dedicated to examining Z-cash-based zero-knowledge proofs privacy feature known as zk-SNARKs, the privacy technology of Zcash (ZEC)
The entire research papers, according to IOHK, are open-source and patent-free resource for everyone.
Aside privacy, zero-knowledge proofs algorithmic construction helps truncate transactions distributed ledger as blockchain grows, this way, it enhances scalability by ensuring that all participants are granted necessary capacity to host full node.
Also, the ZKPs introduces inclusive accountability not only for private monetary transactions, but also for transferring records, casting votes, and insuring personal information.
IOHK further said the zero-knowledge proofs is a critical stream of research for its engineers.
IOHK Sponsored and Participated in the 3rd annual ZKProof Workshop
After observing the benefits of the ZKProof privacy feature, IOHK, to enhance its research and progress towards implementing a suitable privacy feature on its blockchain network, is sponsoring the 3rd annual ZKProof Workshop which ends today, May 21.
IOHK will also be participating in the event, which is dedicated at setting necessary standards to ensure the adoption of the zero-knowledge cryptography.
The research firm said it believes that the cryptographic tool help addresses evolving challenges in the future financial and social frameworks.
The last ZKProof Workshop took place in February 2019, and just like the first one, it was sponsored by Zcash Foundation. Zcash Foundation is also part of the sponsors of the present workshop.
While exalting the importance of the ZKProof protocol in a previous statement, Charles Hoskinson said Cardano would be presenting the result of a research it did on its own zero knowledge proof, called “Sonic” at the workshop.
Rather than the need for a trusted setup or a verification complexity as required on the existing zk proof protocols, Cardano’s Sonic uses an advance and universal structured reference string that is updateable.