Having established itself as a revolutionary firm providing IT solutions has announced the news about its collaboration with Israel-based firm QEDIT. The integration between the two firms will be focused on providing enterprise customers with blockchain-supported privacy-oriented technology solutions.
According to the reports, Mphasis and QEDIT will put in their joint efforts to improve, innovate, and develop Zero-Knowledge Proof (ZKP) solutions. QEDIT enriches its enterprise-grade clients with excellent product offerings studded with ZKP cryptography and other technologies that assure 100% privacy. The presence and utilization of world-class features of QEDIT allow the firms to indulge in the sharing, transacting, and operation of business data in an ecosystem that is secured, transparent, and fulfills the requirements of a private network.
The partnership of the two leading firms will aid the core system to wither away the possibilities of fraud and illicit transactions or activities. The development of ZKP solutions will help the firm in authenticating access to verified individuals, along with the manifestation of synchronization with the local data privacy requirements.
The team of Mphasis quoted that,
The official statement released by the companies affirmed that ‘QEDIT’s Private Asset Transfer solution employs a cryptographic algorithm named ZKPs, that enables Entity 1 to share the proof of knowledge with Entity 2 without sharing other related data.
The statement further remarked that QEDIT’s efficient software solutions could be infused into big projects for Mphasis’ Financial Services customers, leading to unprecedented results.
Read the statement,
