Deloitte Blockchain Platform Integrates QEDIT’s Privacy Solutionbr>
Consulting and accounting firm Deloitte has integrated QEDIT‘s privacy solution into its blockchain platform, called Eduscrypt.
Founded in 2016, QEDIT helps businesses accelerate trust with Zero-Knowledge Blockchain, a protocol which combines enterprise blockchain with Zero-Knowledge Proof cryptography. The firm’s Privacy-Enhancing Technology (PET) safeguards sensitive business data in a shared-ledger environment and facilitates companies’ compliance with local data privacy regulations.
During the ZKProof Community Event in Amsterdam, QEDIT announced that its Privacy-Enhancing Technology has been integrated in Deloitte’s Eduscrypt platform, which uses blockchain technology to enable organizations to track, share, and validate qualifications of staff.
“The integration of QEDIT’s privacy solution into Deloitte’s Eduscrypt platform is yet another tangible use-case, demonstrating the far-reaching potential of zero-knowledge proof cryptography to transform processes across a myriad of industries,” said Jonathan Rouach, CEO and Co-founder of QEDIT. “Working alongside a global giant like Deloitte marks another milestone moment for us as we move to accelerate enterprise adoption of blockchain technology.”
According to Deloitte, the Eduscrypt platform can be used to monitor professional qualifications, issue authentic and traceable certificates, manage personal education records, ensure regulatory compliance, and is customizable for different industry and organizational needs.
“Academics and enterprises both stand to benefit hugely from leveraging blockchain technology — for most organisations validating, managing and recording the education qualifications of staff and prospective hires can be a very onerous and costly process, with regulatory fines for non-compliance,” said Antonio Senatore, Chief Technology Officer of Deloitte’s EMEA Blockchain Lab. “Integrating QEDIT’s Zero-Knowledge Proof privacy solution ensures that organizations can trust in the authenticity of qualifications, while preserving the full privacy of the underlying data, and upholding regulatory compliance.”