Zama technology represents an innovative approach to data protection in blockchain, enabling operations with encrypted information.
Core Technologies of Zama
Zama utilizes Fully Homomorphic Encryption, allowing computations on encrypted data without decrypting them. It also incorporates Multi-Party Computation and Zero-Knowledge Proofs, enhancing security.
The Privacy Issue in Traditional Blockchains
Traditional blockchains provide high transparency, but this can threaten user privacy. For instance, transaction amounts, such as salary payments or transfers, become publicly accessible, posing risks to personal data.
Applications of Zama in Various Fields
Zama enables the creation of confidential transactions in finance, identity verification, and voting. Users' personal data remains protected, promoting wider adoption of blockchain technologies in business and government.
Zama opens new horizons for privacy in blockchain, allowing users to interact securely. This could lead to safer adoption of blockchain technologies across various fields such as finance, governance, and market economics.
