![]() ![]() Horizen’s new no-code tokenization platform, TokenMint, seeks to bridge the gap between token creation and the general public. However, developing a crypto token can be difficult, especially when the prospective creator lacks experience. Apart from enabling transactions on the blockchain web, cryptocurrencies can also be minted as crypto tokens, which are housed on exclusive blockchains and can be utilized for investments, purchases and store value. Between 2019 to 2021, cryptocurrency was adopted in 56 different countries, according to data from Statista. While some kickbacks and doubts persist, cryptocurrency adoption is growing significantly. The company claims this insulates its clients from the burden of building from scratch and encountering challenges with enterprise-level blockchain adoption like scalability, decentralization and privacy. Horizen helps its clients build their public or private blockchain or applications using its existing infrastructure, one it asserts is highly secure. A combination of provability and interoperability is what will lead to blockchain scalability, according to Viglione. ![]() Horizen strongly believes the use cases of zero-knowledge proofs can reach major industries like healthcare, education and DeFi. What’s significant about the process is no extra data gets disclosed. A zero-knowledge proof is an encryption scheme allowing an individual/group to verify the authenticity of given information while another individual/group acts as the verifier. One example of this is an engagement between an investment broker and a client, where the client (the prover) needs to prove to the broker (the verifier) that they have a certain amount of money in their bank account in order to purchase an investment product without revealing exactly how much they have.įor Viglione, the desire to enable industries to cut through the anxiety around data breaches is what drives Horizen’s zero-knowledge proof. While data has become the lifeblood of today’s organizations, businesses must now begin to rethink and prioritize how they use data. Horizen wants to solve this issue through the use of zero knowledge, which Viglione described as “a breakthrough technology that allows for the verification of information without revealing any of the underlying data.” The zero-knowledge technologyĪs technology advances and more enterprises become data-driven, issues around governance, privacy, sovereignty and ownership will rise. Viglione believes privacy technology is the missing link to achieving blockchain scalability and enterprise adoption of blockchain. Rob Viglione, cofounder and team lead at Horizen, told VentureBeat in an exclusive interview that the focus on zero-knowledge technology is what will enable true business use cases to be built on blockchain. Horizen claims it leverages “zero-knowledge proofs” to not only protect user data, but to also increase blockchain scalability and make it more useful, particularly for enterprise users. This is where Horizen, a Delaware-based blockchain network provider, wants to change the game. As data privacy and data ownership concerns grow across the enterprise, blockchain technology is offering a way for companies to build systems that enable privacy, transparency and identity protection. One of blockchain’s unique capabilities is how it enables developers to create their own private or public blockchains.
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