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Deloitte integrates QEDIT's privacy solution into its blockchain platform 'EduScrypt'

Eduscrypt transforms the process for storing, validating, and sharing education qualifications while maintaining user confidentiality

Tel Aviv, Israel – October 29, 2019 – QEDIT, a Privacy-Enhancing Technology provider based on zero-knowledge proof cryptography, has announced that its privacy solution has been integrated in Deloitte’s ‘Eduscrypt’ platform. The Eduscrypt solution uses blockchain technology to enable organisations to track, share, and validate qualifications of staff.

The announcement was made at the ZKProof Community Event in Amsterdam today, 29 October 2019.

Eduscrypt can be used to monitor professional qualifications, issue authentic and traceable certificates, manage personal education records, ensure regulatory compliance, and is customisable for different industry and organisational needs. Using blockchain technology, Eduscrypt enables organisations to trust in the authenticity of qualifications, reduce data errors, and provides a permissioned repository for qualifications to be shared within and across organisations. Jonathan Rouach, CEO and Co-founder of QEDIT, said:

The integration of QEDIT’s privacy solution into Deloitte’s Eduscrypt platform is yet another tangible use-case, demonstrating the far-reaching potential of zero-knowledge proof cryptography to transform processes across a myriad of industries. Working alongside a global giant like Deloitte marks another milestone moment for us as we move to accelerate enterprise adoption of blockchain technology.

QEDIT’s protocol utilises zero-knowledge proof cryptography to allow parties employing enterprise blockchains to record and authenticate the transfer of assets on a shared ledger without revealing any underlying, confidential information. Network members can verify the integrity of the proofs, but they cannot see who sent what, or how much, to whom. QEDIT also offers tools for auditors to enable regulatory compliance.

Antonio Senatore, Chief Technology Officer of Deloitte’s EMEA Blockchain Lab, said:

Academics and enterprises both stand to benefit hugely from leveraging blockchain technology — for most organisations validating, managing and recording the education qualifications of staff and prospective hires can be a very onerous and costly process, with regulatory fines for non-compliance. Integrating QEDIT’s Zero-Knowledge Proof privacy solution ensures that organisations can trust in the authenticity of qualifications, while preserving the full privacy of the underlying data, and upholding regulatory compliance.

About QEDIT
Founded by a world-class team of seasoned entrepreneurs, researchers and developers, QEDIT leverages zero-knowledge proof (ZKP) cryptography for enterprise blockchains to enable collaboration among competitors. QEDIT’s Privacy-Enhancing Technology (PET) safeguards sensitive business data in a shared-ledger environment and facilitates companies’ compliance with local data privacy regulations. For more information, please visit https://qed-it.com

About Deloitte

At Deloitte, we make an impact that matters for our clients, our people, our profession, and in the wider society by delivering the solutions and insights they need to address their most complex business challenges.
As the largest global professional services and consulting network, with approximately 286,000 professionals in more than 150 countries, we bring world-class capabilities and high-quality services to our clients.
In Ireland, Deloitte has approximately 3,000 people providing audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience and insight to collaborate with clients so they can move forward with confidence.
In this press release references to Deloitte are references to Deloitte Ireland LLP. The information contained in this press release is correct at the time of going to press. Deloitte Ireland LLP is the Ireland affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.

Media Contact
Wachsman
Lorcan Byrne — Consultant
E: lorcan@wachsman.com
P: +353 87 33 33 104

 

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