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Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today, privacy, according to one cryptocurrency executive.
In an interview with Cointelegraph at the Ethereum Community Conference (EthCC), Brenen Schlueter, head of marketing for privacy-focused infrastructure platform Aleo, said ZK proofs are a popular solution for increasing blockchain scalability through ZK rollups. However, he said there is a possibility of restructuring. the entire internet.
ZK proofs allow information to be transferred between two parties, with the sender simply revealing the relevant information to the recipient. For example, proving that an individual is old enough to enter a bar without revealing their actual age or identity to a security guard.
Schlüter said the modern internet was not built to prioritize user privacy.
“Whenever you need to pass data, whenever you need to store data, there is always a vulnerability,” Schlueter said in context of how easily user privacy is violated online. explained.
great atmosphere #Infracon @EthCC yesterday!
From insightful panels on ZK proofs to discussions on growing communities, I listened to it all.
Panel sessions often offer free, real-world, tested advice, which is incredibly helpful but often underestimated. pic.twitter.com/dau6yy7XEd
— Marlin Intern (@marlin_intern) July 19, 2023
According to Schlueter, ZK certification solves this privacy problem not just for Web3, but for the Internet as a whole.
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“With zero-knowledge proofs, you can really start to see how you can protect your data from the start by uncovering the information you need to know,” he added.
“I think it will greatly change the way we go with the Internet.”
ZK Proof has the potential to make the life of developers and data managers much easier, as they no longer have to choose between building a private environment or optimizing the user experience, Schlüter explained. added:
“These two contradict the current structure of the Internet.”
Tiancheng Xie, chief technology officer of ZK-powered interoperability platform Polyhedra, told Cointelegraph that artificial intelligence tools could also benefit from the privacy and censorship-resistant properties ZK-proof offers. .
“It is scalable and connected,” added CTO Tiancheng Xie. @PolyhedraZK pic.twitter.com/UYSCtcQcS7
— Cointelegraph (@Cointelegraph) July 19, 2023
Schlüter said finance, identity and gaming are other areas that have benefited from ZK proofs.
He argued that more financial institutions are looking to ZK solutions to enhance their privacy.
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Additional report by Zhiyuan Sun.