According to Odaily Planet Daily, Hyperledger Lab Zeto has launched an open source privacy solution designed to solve the privacy issues of enterprises on the Ethereum chain, similar to enterprise blockchains such as R3's Corda and Digital Asset's Canton.
Zeto, launched by Kaleido, a blockchain-as-a-service solution developer, uses zero-knowledge proof (ZKP) technology to provide multi-level privacy protection for Ethereum by introducing a Bitcoin-like token design, including privacy features such as anonymous senders and receivers and hidden transaction amounts and history.
Zeto’s unique design is similar to Bitcoin’s UTXO model and different from Ethereum’s traditional ERC-20 token standard, providing higher privacy protection for enterprise users.