ING launches ZKSM blockchain solution

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ING launches ZKSM blockchain solution

ING launches ZKSM blockchain solution

  • ING is global financial institution with a strong European base, offering banking service
  • Zero-Knowledge Set Membership (ZKSM) developed from Zero-Knowledge Range Proof (ZKRP) empowers clients by improving privacy in a distributed ledger technology (DLT)
  • ZKRP enables mortgage applicant to prove that their salary sits within a range without revealing exact figure utilizing data privacy
  • ZKSM can prove dimensions such as geographic positioning making it faster and more cost-efficient
  • DLT presents a huge opportunity to increase efficiency and simplicity both for financial services
  • Annerie Vreugdenhil, head of wholesale banking innovation at ING, says ZKSM – “a ground-breaking solution”