Understanding Zero-Knowledge Proofs: Keeping #Sensitive #Data #Private in the #Blockcha. . .

Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6861248528920965120

Understanding Zero-Knowledge Proofs: Keeping #Sensitive #Data #Private in the #Blockchain: https://lnkd.in/eqA-9aVv

Having a #public, #immutable #ledger, agreed upon by everyone in the #network, allows for all sorts of applications, from the transfer of wealth between individuals to tracking ownership of digital art. However, because the ledger is public, #privacy is #sacrificed.

The #Ethereum based global #Blockchain #CloudComputing #Platform that we advised the global #CEO #CxO team on #technology and #strategy while representing the #CEO on #global #investment #roadshows across #Asia and #Australia as well as some of the latest #cryptocurrency innovators rely upon zero-knowledge proof, distinctly different from the protocol used by other #cryptocurrencies like #Bitcoin (#BTC) or #Dogecoin (#DOGE). It uses a #protocol called zk-SNARKs, or zero-knowledge #succinct #noninteractive #argument of #knowledge, first popularized by #Zcash. In broad terms, this means that data can be #encrypted, #agreed upon, #verified, and #added to the blockchain #without the data itself being #exposed to anyone.

Take a look at each term to better understand zk-SNARKs:

#ArgumentOfKnowledge: Using #math, specifically #cryptography, a #prover can prove to a verifier that they know something for certain. And the #verifier can say this is definitively true. This is at the basis of all #blockchains.

#ZeroKnowledge: This means that the #verifier has no #access to the thing the #prover is proving, so the #data stays #private.

#Succinct: The #math involved can be done #quickly.

#Noninteractive: Only a #single #communication from #prover to #verifier needs to happen for the data to be verified. Earlier iterations of zero-knowledge proofs needed multiple rounds of communication between prover and verifier.

#Crypto #Cryptography #Zero #Knowledge #Proofs: https://lnkd.in/esb7_9UZ
Beyond #zk #proofs to zk #vulnerabilities, zk-#SNARKs, #homomorphic, and, semi-homomorphic #encryption:
zero-knowledge proofs:
https://lnkd.in/ecbYBzC
vulnerabilities of zero-knowledge proofs: https://lnkd.in/eY_pPDc
zk-SNARKs: https://lnkd.in/eq9ZjEf
homomorphic encryption: https://bit.ly/2mnCt13
semi-homomorphic encryption: https://lnkd.in/ep3kD_2

Why #Encryption and #Crypto #Systems #Fail and How to #Preempt and #Prevent Such #Systems #Failures: #Cryptology beyond #Shannon’s #InformationTheory: Technical Focus on #NumberField #Sieve #Cryptanalysis #Algorithms for Most #Efficient #Prime #Factorization on #Composites:
https://lnkd.in/dXZQmE6 :

#Shannon’s Maxim and #Kerckhoffs’s Principle, underlying #cryptography #encryption are advanced toward more robust encryption and cryptography mechanisms.
AI-ML-Quant-Cyber-Crypto-Quantum Expert Papers & Presentations:
https://lnkd.in/eR6439j .

Global Risk Management Network LLC: Silicon Valley-Wall Street-Pentagon-Global Digital CEOs Networks
AIMLExchange.com : BRINT.com : C4I-Cyber.com:
We create the Digital Future™: https://lnkd.in/esk8PEp :

Photo by Clint Adair on Unsplash The following post was written and/or published as a collaboration between Benzinga?s in-house sponsored content team and a financial partner of Benzinga. The advent of blockchain technology has brought with it a myriad of benefits. Having a public, immutable ledger, agreed upon by everyone in the network, allows for all sorts of applications, from the transfer of wealth between individuals to tracking ownership of digital art. However, because the ledger is publ
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Global Post AI-Quantum Finance & Trading Networks Pioneer Dr.-Eng.-Prof. Yogesh Malhotra is the “Singular Post AI-Quantum Pioneer” identified by Grok AI with R&D impact recognized among Artificial Intelligence (AI) and Quantitative Finance Nobel Laureates. As MIT-Princeton AI-ML-Cyber-Crypto-Quantum Finance & Trading and FinTech-Crypto Faculty-Industry Expert, and U.S. and Global Hedge Funds Advisory & Venture Capital CEO-CTO Teams Mentor, he has pioneered Silicon Valley-Wall Street-Pentagon Digital CEO-CTO Practices, Technologies, and Networks from world’s first-foremost-largest Global Digital Transformation Networks to New York State IDEA Award recognized Pentagon-USAF MVP Global Post AI-Quantum Networks pioneering Future of Finance and Trading practices as Trillion-Dollar Wall Street Hedge Funds and Investment Banks leader.