Beldex has announced its membership in the Confidential Token Association, collaborating with organizations like Zama and OpenZeppelin to improve privacy standards in Web3.
The Importance of Privacy in Blockchain
Privacy has become an essential feature of every blockchain protocol. While decentralized applications offer some encryption measures, computational and identification layers remain vulnerable. Markets such as financial services and healthcare demand greater reliability in handling confidential information.
Beldex’s Layered Privacy Framework
Beldex is creating a layered privacy framework that combines cryptography with decentralized technologies. This approach includes various decentralized applications like BChat, BelNet, and Beldex Browser that protect user data while enhancing protocol-level improvements such as Bulletproof++ and Verifiable Random Functions.
Beldex’s Contribution to the Confidential Token Association
By joining the Association, Beldex plans to research Fully Homomorphic Encryption and Federated Learning, as well as participate in developing structures to ensure auditability and protect user information. The main objectives include creating a secure environment for confidential transactions and interactions across various blockchains.
Beldex’s involvement in the Confidential Token Association highlights the importance of privacy in the future of the decentralized internet, promoting the standards necessary for secure interaction among users and organizations.
