Published on April 20th, 2017 | by bitcoin0
Solidus Protocol for Private Transactions Has Been Proposed by IC3 Researchers
Researchers from three universities have proposed a new process for keeping transactions confidential over a public blockchain.
At its heart, the proposal seeks to commit the concept of a bank-intermediated transaction system to a distributed ledger framework.
Solidus, according to its authors, “closely aligns with the settlement process in the modern financial system”.
The authors explain:
“Solidus operates in a framework based on real-world financial institutions: a modest number of banks each maintain a large number of user accounts.
Within this framework, Solidus hides both transaction values and the transaction graph (ie, the identities of transacting entities) while maintaining the public verifiability that makes blockchains so appealing.”