ING Bank to Test "Bulletproofs" DLT Privacy Tech

"Bulletproofs" was developed by the cryptographers from Stanford University, University College London and Blockstream
15 April 2019   434

ING Bank in the Netherlands has begun testing technology "Bulletproofs", developed by cryptographers from Stanford University, University College London and Blockstream startup to hide the amounts transferred in transactions through the blockchain of bitcoin, CoinDesk reportes.

Payment privacy matters not only for cryptocurrency users, but also for banks interested in using blockchains and not willing to disclose information about transactions of their clients. For this purpose, ING Bank has already tested zero-disclosure (ZKP) evidence technology, but it turned out to be too demanding of calculations and could slow down the operation of the bank system.

As reported, the bank found bulletproofs turn out to be “roughly ten times faster than other range proofs, for a single range proof,” Most of the work is currently carried out on a scientific level, which does not prevent the bank from seeking out the fields of application for the technology right now. The privacy of blockchains is particularly relevant due to the need to comply with the requirements of the EU General Data Protection Regulations (GDPR).

At the same time, ING Bank is not going to give up ZKP technology completely. The Bank cooperates with developers on the issue of creating specialized tools, in particular for carrying out documentary operations through the blockchain. For example, ZKP can be used to track exchange goods from the moment they are produced and the certificate of origin is stored during the movement along the entire supply chain without having to disclose information about the supplier, price or quality.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   71

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.