UBS said it has successfully piloted a blockchain-based payment system, dubbed UBS Digital Cash, aimed at increasing the efficiency of cross-border transactions. In a statement, UBS said transactions with multinational clients and banks were conducted in the pilot, including domestic transactions in Switzerland and cross-border transfers in US dollars, Swiss francs, euros and Chinese yuan. UBS plans to further expand and develop UBS Digital Cash, which is understood to use a private blockchain n...
Hyperledger's new lab, Zeto, has launched an open-source privacy solution designed to address the privacy concerns of enterprises on the Ethereum blockchain. Developed by Kaleido, Zeto uses zero-knowledge proof (ZKP) technology to provide multiple layers of privacy protection for Ethereum by introducing a Bitcoin-like token design. This includes privacy features ranging from anonymous senders and receivers to hiding transaction amounts and history. The appearance of Zeto responds to institutiona...