According to Odaily, Hyperledger Lab Zeto has launched an open-source privacy solution aimed at addressing privacy concerns for enterprises on the Ethereum blockchain. Similar to enterprise blockchains like R3's Corda and Digital Asset's Canton, Zeto is developed by blockchain-as-a-service provider Kaleido. The solution leverages zero-knowledge proof (ZKP) technology to offer multi-layered privacy protection for Ethereum, including features such as anonymous senders and receivers, as well as hidden transaction amounts and histories.
Zeto's unique design is akin to Bitcoin's UTXO model, differing from Ethereum's traditional ERC-20 token standard. This approach provides higher privacy protection for enterprise users, ensuring that sensitive transaction details remain confidential.
