CandleFocus Chainlink Unveils Privacy Suite to Boost Data Confidentiality in Cross-Chain Transactions
2024-11-29
Author: Content Editor
Chainlink has introduced a suite of privacy tools for financial institutions to enhance the security and confidentiality of their on-chain transactions. The suite includes CCIP Private Transaction, a decentralized encryption protocol, and Blockchain Privacy Manager, an infrastructure that connects institutions to private chain networks without exposing sensitive information. The tools allow institutions to establish privacy parameters and restrict access to on-chain data, balancing privacy and regulatory compliance. ANZ Bank will pilot Chainlink's privacy features as part of the Monetary Authority of Singapore's project. Chainlink also launched the DECO Sandbox, providing a practical environment to explore privacy-enhanced data solutions. Meanwhile, Chainlink's cryptocurrency LINK has seen a notable 19% rise in value within a week.
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