Company
Date Published
Author
Chainlink
Word count
2258
Language
English
Hacker News points
None

Summary

The Chainlink Platform has introduced its new Privacy Suite, which includes CCIP Private Transactions, Blockchain Privacy Manager, and DECO Sandbox, aimed at enhancing privacy for financial institutions in cross-chain transactions. These tools allow institutions to maintain data confidentiality and integrity while ensuring compliance in the growing multi-chain economy. The Blockchain Privacy Manager enables the integration of private blockchain networks with existing enterprise systems, limiting onchain data exposure and facilitating secure access to offchain data without compromising sensitive information. CCIP Private Transactions utilize a new encryption protocol to ensure confidential cross-chain transfers, while DECO Sandbox uses zero-knowledge proofs for privacy-preserving data verification. This suite addresses the institutional need for secure cross-chain privacy, promoting the adoption of blockchain networks in global capital markets and enhancing the interoperability and scalability of blockchain ecosystems.