Charles Hoskinson, chief executive officer of IOHK, the development company behind the decentralized public blockchain Cardano, says his team is working with a consortium in the European Union to address use cases for distributed ledger technology.
The group’s effort points to one of the hottest tech trends in 2020 as companies and governments continue to explore DLT-based technologies, such as blockchain.
Hoskinson tells his 115,500 Twitter followers that a research paper detailing the findings will be released this summer.
The consortium, dubbed Priviledge, acquired funding from the EU’s Horizon 2020 research and innovation program, and aims to address privacy issues related to the mainstream adoption of DLT.
The group explains,
“Although based on cryptographic techniques at their core, the currently deployed DLTs do not address privacy…
New cryptographic techniques and protocols are therefore needed to protect the data, facilitate these applications, and make DLTs deliver on their promises.”
The consortium members are Guardtime, IBM, the University of Tartu, Eindhoven University of Technology, Smartmatic-Cybernetica Centre of Excellence for Internet Voting OÜ, the University of Salerno, GRNET, the University of Edinburgh, GUNET and Input Output Research (IOHK).