VMware And Other Leading Enterprises Partner With Blockchain Company To Implement Data Privacy

VMware, Ant Financial and RGAX have announced today a partnership with QEDIT, an Israeli blockchain security company, to implement data privacy solutions across their blockchain networks.

According to Jonathan Rouach, QEDIT’s CEO and Co-founder, QEDIT and VMware are specifically working on integrating QEDIT’s solution into VMware’s blockchain offering to provide an advanced privacy solution for the platform users. For example, ZKP provides the ability to transfer ownership of an asset without exposing the seller, the buyer, and what was sold to the rest of the parties on the chain. According to Rouach, QEDIT allows collaboration based on confidential information, without exposing the underlying data.

"The most familiar ZKP solution currently out there is Zcash, focusing on cryptocurrencies. QEDIT is focusing solely on enterprise use cases, giving special attention to the needs of companies looking to deploy blockchain. For example, we’re one of the only companies offering complete private issuance of assets, which is critical for supply chains.

“We are building partnerships with leading banks and financial institutions around the world, and are expecting to see adoption of the credit scoring protocol in the future. Our current focus is on the asset transfers protocol, which is available today as an enterprise solution,” said Rouach. Additionally, QEDIT is also providing a solution for RGAX, the transformation unit of global reinsurer Reinsurance Group of America . RGAX focuses primarily on life and health-related insurance solutions to expand the footprint of the industry and accelerate the development of new solutions and services.

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