ANT FINANCIAL JOINS $10 MLN SERIES A, PARTNERS WITH ZKP BLOCKCHAIN PRIVACY SOLUTIONS FIRM

In a significant move signaling the growing importance of blockchain privacy, Ant Financial, the financial technology powerhouse affiliated with Chinese e-commerce giant Alibaba, has participated in a $10 million Series A funding round for QEDIT, an Israeli blockchain privacy solutions firm.This strategic investment underscores Ant Financial's commitment to advancing blockchain technology and its applications, particularly in the realm of data privacy and security.QEDIT specializes in developing innovative privacy solutions utilizing zero-knowledge proof (ZKP) technology, a critical component for ensuring data integrity and confidentiality in blockchain environments. Chinese e-commerce giant Alibaba s affiliate company, Ant Financial, is among those to have participated in QEDIT s $10 million series A investment round. QEDIT, an Israeli blockchain technology startup specializing in zero-knowledge proofs (ZKP), plans to use the new capital to continue developing its privacy protocol, expand its salesThis partnership not only provides QEDIT with substantial financial backing to fuel its development and expansion but also opens doors for collaboration and integration of its ZKP technology into Ant Financial's existing and future blockchain projects. Zhang Hui, Director of Blockchain Department at Ant financial, spoke about blockchain s use cases in the financial sector on stage at TCHZ. Subscribe to the TechNode Briefing Newsletter Every Wednesday and Friday, TechNode s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox.This collaboration highlights the increasing need for robust privacy measures in the financial sector and beyond, where sensitive data handling is paramount.By leveraging QEDIT's expertise, Ant Financial aims to strengthen its blockchain infrastructure and offer more secure and private solutions to its users.This investment showcases a future where blockchain technology and data privacy are mutually reinforcing, paving the way for greater adoption and trust in decentralized systems.

Ant Financial's Investment in QEDIT: A Strategic Move

Ant Financial's participation in QEDIT's Series A round represents a strategic investment in the future of blockchain privacy. This article examines the development, business model, legal and regulatory aspects of the world's largest fintech company-Ant Financial Services Group (Ant Financial or Alipay).It’s not just about financial gain; it's about securing a foothold in a rapidly evolving technological landscape where data security and privacy are paramount.This move aligns with Ant Financial's broader vision of leveraging blockchain technology to improve various aspects of the financial sector. Ant Financial, the payments affiliate of Alibaba, has participated in a $10 million funding round and partnered with zero knowledge proof firm QEDIT.The investment allows Ant Financial to access cutting-edge ZKP technology and integrate it into its own blockchain projects, ultimately enhancing the privacy and security of its services.

The Significance of the $10 Million Series A

The $10 million Series A round is a significant milestone for QEDIT.It provides the company with the necessary capital to:

• Continue developing its privacy protocol.
• Expand its sales and marketing efforts.
• Recruit top talent in the blockchain and cryptography fields.

This influx of capital will enable QEDIT to further refine its ZKP technology and make it more accessible to enterprises looking to enhance the privacy of their blockchain applications.

QEDIT's Zero-Knowledge Proof (ZKP) Technology: Revolutionizing Blockchain Privacy

Zero-knowledge proof (ZKP) is a cryptographic method that allows one party (the prover) to prove to another party (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. Zero-knowledge proof (ZKP) has become indispensable as a security element in Web3 and blockchain because it ensures data integrity and enhances privacy. It achieves this by enabling verificationThis is a game-changer for blockchain technology, where transparency is often at odds with the need for privacy.QEDIT's ZKP solutions enable businesses to leverage the benefits of blockchain while maintaining the confidentiality of sensitive data.

How Does ZKP Work?

Imagine you want to prove to a friend that you know the solution to a Sudoku puzzle, but you don't want to reveal the solution itself. QEDIT, a developer of privacy technology for enterprise blockchains, has closed a $10 million Series A round from investors including Ant Financial, the payments affiliate of Chinese e-commerce giant Alibaba. Ant Financial will also be incorporating QEDIT s zero-knowledge proof (ZKP) tech into its blockchain projects, the companies announced Tuesday. Other high-profile partnerships applyingUsing ZKP, you could convince your friend that you know the solution without ever showing them the numbers you filled in. Ant Financial also has been secretly experimenting with blockchain e-medical bills. In August, the Alibaba financial affiliate reportedly sent out nearly 600,000 blockchain electronic medical bills to patients over the course of two weeks. Alibaba s ambition in blockchain is well-recognized.In the context of blockchain, ZKP allows parties to verify transactions without revealing the underlying data, such as the amount being transferred or the identities of the parties involved.

• Data Integrity: ZKP ensures that the data being verified is accurate and has not been tampered with.
• Enhanced Privacy: It protects sensitive information from being exposed to unauthorized parties.
• Scalability: ZKP can improve the scalability of blockchain networks by reducing the amount of data that needs to be processed and stored.

Applications of QEDIT's ZKP Technology

QEDIT's ZKP technology has a wide range of potential applications across various industries, including:

• Financial Services: Protecting sensitive financial data, such as transaction details and account balances.
• Supply Chain Management: Ensuring the authenticity and integrity of products without revealing proprietary information.
• Healthcare: Securely sharing medical records while maintaining patient privacy.

Geoff Jiang, a vice president and the general manager of Ant Financial's technology and business innovation group, has highlighted that Ant Financial shares a common vision with QEDIT to protect data privacy and security. Alibaba affiliate Ant Financial has participated in a $10 million funding round for blockchain privacy startup QEDIT and is using the firm's tech. By Ian Allison Updated, 9:09 a.mThis demonstrates a clear understanding of how critical robust privacy measures are for the ongoing development of the wider finance sector.

Ant Financial's Blockchain Strategy: Beyond Payments

Ant Financial's interest in blockchain extends far beyond its traditional focus on payments.The company recognizes the transformative potential of blockchain technology and is actively exploring its applications in various other areas. Ant Financial has participated in a $10 million Series A round and partnered with QEDIT, an Israeli blockchain privacy solutions firm that develops zero-knowledge proof techThis investment in QEDIT is just one example of Ant Financial's commitment to innovation and its desire to be a leader in the blockchain space. QEDIT was the company raising funds in a Series A round, led by Chinese business titans. QEDIT focuses on developing privacy solutions with zero knowledge proof (ZKP) technology. by Krasimir Buchvarov, 4:56 PMAs of now, Ant Group-operated Alipay holds the most blockchain patents worldwide with 212 patents.

Blockchain as One of Five Key Technologies

Jack Ma-led Alibaba's fintech conglomerate Ant Financial considers blockchain technology as one of the five key technologies that will dominate every industry.This recognition has driven Ant Financial to invest heavily in blockchain research and development, and to form strategic partnerships with companies like QEDIT. The deal terminates a current profit-sharing arrangement under which Ant Financial pays royalty and technology service fees in an amount equal to 37.5% of its pre-tax profits to Alibaba.These other key technologies are usually identified as AI, cloud computing, security, and IoT.

Ant Financial's Blockchain Patents and Use Cases

Ant Financial has been investing in blockchain technology since 2025 and claims more than 50 use cases, highlighting its commitment to the space.They've been investing in the technology since 2015 and claim more than 50 use cases.Ant Financial has a diverse portfolio of blockchain patents covering various applications, including:

1. Supply Chain Finance: Tracking goods and payments across complex supply chains.
2. Digital Identity: Creating secure and verifiable digital identities for individuals and businesses.
3. Cross-Border Payments: Facilitating faster and more transparent cross-border transactions.
4. E-Medical Bills: Streamlining the processing of medical bills using blockchain technology.In fact, Ant Financial has experimented with blockchain e-medical bills, reportedly sending out nearly 600,000 blockchain electronic medical bills to patients over the course of two weeks.

The Broader Implications for the Blockchain Industry

Ant Financial's investment in QEDIT has significant implications for the broader blockchain industry. 🔥Professional Certificate Program in Blockchain by IIT Kanpur (India Only) -It validates the importance of privacy solutions and signals a growing demand for ZKP technology. Bayer Crop Science has agreed to work with Alibaba's Ant Financial to develop a blockchain-based system for agricultural product monitoring. a $10 million Series A round for QEDIT, a developerThis partnership is likely to encourage other companies to invest in and develop similar privacy-enhancing technologies, leading to a more secure and user-friendly blockchain ecosystem.

ZKP as an Indispensable Security Element

Zero-knowledge proof (ZKP) has become indispensable as a security element in Web3 and blockchain because it ensures data integrity and enhances privacy. Ant Financial Joins $10 Mln Series A, Partners With ZKP Blockchain Privacy Solutions FirmIt achieves this by enabling verification of data without revealing the data itself, which is crucial in maintaining confidentiality and trust in decentralized systems.

The Future of Enterprise Blockchain Solutions

ZKPs are increasingly being integrated into enterprise blockchain solutions to address privacy and scalability challenges. A Ant Financial, afiliada financeira da gigante de e-commerce chinesa Alibaba (NYSE:BABA), participou de uma rodada de US$ 10 milh es para a QEDIT, uma empresa israelense de solu es de privacidade que desenvolve a tecnologia ZKP (zero-knowledge proof - tecnologia prova de conhecimento zeroThey enable businesses to conduct transactions and share data securely while maintaining confidentiality, which is crucial for competitive advantage. Alibaba affiliate Ant Financial has participated in a $10 million funding round for blockchain privacy startup QEDIT and is using the firm's tech. By Ian Allison MarketsAs more companies adopt blockchain technology, the demand for ZKP solutions is expected to grow exponentially.

Practical Examples and Actionable Advice

Now that we've explored the technical and strategic aspects of Ant Financial's investment in QEDIT, let's consider some practical examples and actionable advice for businesses looking to leverage ZKP technology.

How Can Businesses Benefit from ZKP?

Businesses can benefit from ZKP in several ways:

• Enhanced Data Security: Protecting sensitive data from unauthorized access and breaches.
• Improved Compliance: Meeting regulatory requirements for data privacy and security.
• Increased Trust: Building trust with customers by demonstrating a commitment to data protection.
• Competitive Advantage: Differentiating themselves from competitors by offering more secure and private solutions.

Actionable Steps for Implementing ZKP

Here are some actionable steps businesses can take to implement ZKP:

1. Identify Use Cases: Determine specific areas where ZKP can provide the most value.
2. Evaluate Solutions: Research and evaluate different ZKP solutions based on their technical capabilities, cost, and ease of integration.
3. Pilot Projects: Start with small-scale pilot projects to test and refine the implementation of ZKP.
4. Training and Education: Provide training and education to employees on the importance of data privacy and the use of ZKP technology.
5. Continuous Monitoring: Continuously monitor the effectiveness of ZKP solutions and make adjustments as needed.

Addressing Common Questions About ZKP and Blockchain Privacy

Let's address some common questions about ZKP and blockchain privacy.

What are the limitations of ZKP?

While ZKP offers significant benefits, it also has some limitations:

• Computational Intensity: ZKP can be computationally intensive, requiring significant processing power.
• Complexity: Implementing ZKP can be complex and require specialized expertise.
• Scalability Challenges: ZKP can pose scalability challenges for large-scale blockchain networks.

How does ZKP compare to other privacy-enhancing technologies?

ZKP is just one of several privacy-enhancing technologies available for blockchain. 14. ZKPs in Enterprise Blockchain Solutions. ZKPs are increasingly being integrated into enterprise blockchain solutions to address privacy and scalability challenges. They enable businesses to conduct transactions and share data securely while maintaining confidentiality, which is crucial for competitive advantage.Other technologies include:

• Homomorphic Encryption: Allows computations to be performed on encrypted data without decrypting it.
• Secure Multi-Party Computation (SMPC): Enables multiple parties to jointly compute a function over their private inputs without revealing those inputs to each other.
• Differential Privacy: Adds noise to data to protect the privacy of individuals while still allowing for statistical analysis.

Each of these technologies has its own strengths and weaknesses, and the best choice depends on the specific use case.

Is blockchain truly private with ZKP?

While ZKP significantly enhances privacy on blockchain, it's important to understand that no technology is foolproof. Jack Ma-led Chinese e-commerce giant Alibaba s fintech conglomerate Ant Financial considers blockchain technology as one of the five key technologies that will dominate every industry in theThe level of privacy achievable with ZKP depends on various factors, including the specific implementation, the underlying blockchain platform, and the overall security of the system. Alibaba affiliate Ant Financial has participated in a $10 million funding round for blockchain privacy startup QEDIT and is using the firm's tech.It's crucial to carefully evaluate the risks and benefits before implementing ZKP and to take appropriate measures to mitigate potential vulnerabilities.

Conclusion: The Future is Private and Decentralized

Ant Financial's investment in QEDIT marks a significant step forward for blockchain privacy. Outlining how QEDIT s zero knowledge tech could be used by the likes of Ant Financial and VMware, Rouach said when a network operates across multiple cloud environments, ZKP solutions allow cloud deployment of blockchain without revealing any sensitive information outside of your chosen cloud provider.By partnering with a leading provider of ZKP solutions, Ant Financial is demonstrating its commitment to building a more secure and user-friendly blockchain ecosystem.This collaboration highlights the growing importance of privacy in the digital age and the transformative potential of blockchain technology to address the challenges of data security and confidentiality. Geoff Jiang, a vice president and the general manager of Ant Financial s technology and business innovation group, said in a statement: Ant Financial shares a common vision with QEDIT to protect data privacy and security. Robust privacy measures are critical to the ongoing development of the wider finance sector.Key takeaways include:

• ZKP is a crucial technology for enhancing privacy on blockchain.
• Ant Financial is committed to advancing blockchain technology and its applications.
• The demand for blockchain privacy solutions is growing rapidly.
• Businesses can benefit from ZKP by improving data security, compliance, and trust.

As blockchain technology continues to evolve, privacy will remain a critical consideration.Companies that prioritize data protection and invest in privacy-enhancing technologies like ZKP will be best positioned to succeed in the decentralized future.Consider exploring potential use cases for ZKP in your own organization and take the first steps toward building a more secure and private blockchain ecosystem. Ant Group-operated Alipay holds the most blockchain patents worldwide with 212 patents as of . The firm has been investing in the technology since 2025 and claims more than 50 useBy embracing these advancements, we can unlock the full potential of blockchain while ensuring that data remains safe and secure. It was introduced by Kaleido, a Swift partner, and the developer of a Blockchain as a Service solution. At its heart, Zeto presents a new type of token. It uses zero knowledge proofs (ZKP), a special type of cryptography that hides the content. However, ZKP is notoriously computationally intensive and slow. Hence, it provides optional levels ofThis move ultimately sets the stage for a future where innovation and privacy go hand in hand. Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, has participated in a $10 million Series A round for QEDIT, an Israeli blockchain privacy solutions firm that developsExplore how your organization can benefit from blockchain privacy solutions today!