Horizen, a know-how platform enabling companies and builders to create their very own public or non-public blockchains, has introduced a partnership with LTO Community, a hybrid blockchain for securing, verifying, and exchanging business-critical data.
Via the partnership, Horizen will use its Zendoo platform to construct LTO Community a devoted non-public sidechain offering enhanced privateness and extra anchorage for his or her greater than 85,000 each day consumer transactions.
LTO Community, which not too long ago introduced a blockchain-enabled digital land registry software undertaking with the United Nations, runs a public-private hybrid blockchain system centered on identification verification. Horizen Labs, a number one firm constructing and sustaining the Horizen platform, will create a devoted sidechain for LTO Community to offer elevated privateness for his or her each day community transactions.
The sidechain will leverage zero-knowledge proof performance to confirm that get together A can study one thing particular about get together B with out revealing all of get together B’s underlying information, limiting what’s uncovered whereas sustaining the whole thing of on-chain data.
“Our partnership with Horizen will enable us to offer an added layer of safety whereas retaining the GDPR compliance side. As information is without doubt one of the most dear sources in our time perk, privateness of our consumer’s delicate information needs to be our high precedence.” mentioned Rick Schmitz, CEO of LTO Community. “We have been in search of a option to additional optimize and broaden our product and companies to deliver our purchasers much more safe choices and Horizen’s Zendoo sidechain was clearly the most suitable choice by way of scalability and extensibility.”
Along with constructing a sidechain, Horizen Labs will even work to combine LTO Community’s enterprise identification (BID) product into its personal ecosystem, creating a totally interoperable BID product. The BID contains a easy, one-click KYC for companies trying to be a part of the ecosystem.
“LTO Community has constructed a profitable blockchain enterprise round authorities and institutional use instances, and we’re excited that they selected Horizen as their public blockchain companion,” mentioned Rob Viglione, co-founder of Horizen. “Our know-how amplifies the worth LTO Community can deliver to their clients, significantly in information privateness and safety that scales.”
Zendoo, Horizen’s sidechain, and scaling resolution, is the primary utterly decentralized and totally customizable sidechain protocol available on the market. The Zendoo platform will enable LTO Community to affordably and rapidly create real-world blockchain functions on Horizen’s totally distributed, safe, and privacy-preserving structure.