zkFi: Privacy-Preserving and Regulation Compliant Transactions using Zero Knowledge Proofs
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arXiv
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| Format: | Preprint |
| Published: |
2023
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| _version_ | 1866910996318126080 |
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| author | Chaudhary, Amit |
| author_facet | Chaudhary, Amit |
| contents | We propose a middleware solution designed to facilitate seamless integration of privacy using zero-knowledge proofs within various multi-chain protocols, encompassing domains such as DeFi, gaming, social networks, DAOs, e-commerce, and the metaverse. Our design achieves two divergent goals. zkFi aims to preserve consumer privacy while achieving regulation compliance through zero-knowledge proofs. These ends are simultaneously achievable. zkFi protocol is designed to function as a plug-and-play solution, offering developers the flexibility to handle transactional assets while abstracting away the complexities associated with zero-knowledge proofs. Notably, specific expertise in zero-knowledge proofs (ZKP) is optional, attributed to zkFi's modular approach and software development kit (SDK) availability. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2307_00521 |
| institution | arXiv |
| publishDate | 2023 |
| record_format | arxiv |
| spellingShingle | zkFi: Privacy-Preserving and Regulation Compliant Transactions using Zero Knowledge Proofs Chaudhary, Amit Cryptography and Security We propose a middleware solution designed to facilitate seamless integration of privacy using zero-knowledge proofs within various multi-chain protocols, encompassing domains such as DeFi, gaming, social networks, DAOs, e-commerce, and the metaverse. Our design achieves two divergent goals. zkFi aims to preserve consumer privacy while achieving regulation compliance through zero-knowledge proofs. These ends are simultaneously achievable. zkFi protocol is designed to function as a plug-and-play solution, offering developers the flexibility to handle transactional assets while abstracting away the complexities associated with zero-knowledge proofs. Notably, specific expertise in zero-knowledge proofs (ZKP) is optional, attributed to zkFi's modular approach and software development kit (SDK) availability. |
| title | zkFi: Privacy-Preserving and Regulation Compliant Transactions using Zero Knowledge Proofs |
| topic | Cryptography and Security |
| url | https://arxiv.org/abs/2307.00521 |