zero knowledge proofs

[pmbug]

They have been mentioned in various discussions here. It seems to be a valuable technology with interesting possibilities for use cases. I thought it merited a dedicated thread for discussion:

Zero-knowledge proofs (ZKPs) are an exciting breakthrough in applied cryptography that will unlock new use cases across an array of industries, from Web3 to supply chains to the Internet of Things. By verifying the authenticity of information without revealing it, ZKPs can help enhance the privacy, security, and efficiency of digital systems. In this article, we will explore the basics of ZKPs and potential use cases that are emerging.

Zero-knowledge proofs (ZKPs) are a cryptographic technique that allows one party (the prover) to prove to another party (the verifier) that a statement is true without revealing any additional information. In other words, using a ZKP is a way to prove that you know something without actually revealing what it is that you know.

For example, imagine that you want to prove to someone that you’re a citizen of a country, without giving them your name or passport number. With a ZKP-based identity solution, you could prove that you’re a citizen without revealing your identity.

Beyond identity, ZKPs can be used across various industries to enhance the privacy, security, and efficiency of various systems.
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More:

Zero-Knowledge Proof: Applications & Use Cases - Chainlink

Discover how zero-knowledge proofs are enhancing the privacy, security, and efficiency of various industries, from blockchains to supply chains.

chain.link

 

[Viking]

 

[pmbug]

ZK Proofs will eventually be used for secure, ID verified and anonymous voting systems. It just makes too much sense.

 

[WinkWink]