Zcloak Network, a decentralized platform that leverages ZKPs (zero-knowledge proofs) and DID (decentralized identity) to enhance how users access online platforms, today announced a strategic partnership with CoinAnk, a crypto futures trading and market analytics platform that provides people with real-time data and insights for a wide variety of crypto assets. Through this collaboration, CoinAnk leverages zCloack’s zero-knowledge proof verification infrastructure to integrate privacy-preserving identity services in its cryptocurrency futures trading and information analytics ecosystem.
CoinAnk is a decentralized platform designed for crypto order flow and futures trading data analysis. This platform provides a wide variety of cryptocurrency derivatives order flow and data, efficient chart visualizations, and other various crypto tracker and portfolio management tools to help crypto futures traders streamline their trading experiences.
CoinAnk Taps zCloak to Enhance User Privacy, DApps Security
By partnering with zCloak, CoinAnk introduces an advanced DID and verifiable computation solution on its cryptocurrency analytics and trading platform to enhance digital privacy, user autonomy, and customer data ownership.
zCloak Network is a privacy-focused computing infrastructure built on the Polkadot blockchain, designed to redefine the way users securely access online platforms. With the rapidly evolving Web3 landscape, privacy is becoming essential. As a result, zCloak’s ZKP-driven solutions not only enable verification of personal data in digital platforms but also allow users to protect the privacy of their digital activities and have greater control over their personal data.
zCloak’s ZKPs (zero-knowledge proofs) and DID (decentralized identity) technologies offer cutting-edge solutions, enabling users to conduct verifiable computations on their own devices without exposing confidential data to third parties. This ensures that user data remains safe while allowing efficient interactions with DApps (decentralized applications).
The zCloak’s zkID Wallet provides an autonomous identity management solution, allowing people to issue, manage, and share credentials without putting their privacy at risk. On the other hand, zCloak’s Cloaking layer offers a ZK technology solution that allows blockchain developers and Web3 platforms to integrate privacy features into their projects. This enables interoperability across different chains while maintaining a trustless verification system that improves the privacy and security of DApps.
By integrating zCloak’s privacy-preserving digital infrastructure, CoinAnk provides its users with a ZK solution that significantly bolsters their privacy and improve security of their decentralized applications across multichain networks. The integration of zCloak’s computation and DID technologies improves cross-chain DApps interaction security and fixes data breaches by ensuring user control over personal data on CoinAnk’s network. Also, zCloak’s ZKP allows users to verify transactions anonymously, a move that helps to boost overly digital identity protection and data integrity on CoinAnk’s platform.
Building Web3’s Future and Empowering Users
This partnership leads to a more secure CoinAnk’s network and other supported Web3 ecosystems, providing users with confidence in executing their Web3 activities. The integration of zCloak’s ZKP technology with CoinAnk’s trading platform represents a convergence of the two platforms’ mutual visions. Both CoinAnk and zCloak are dedicated to improving user privacy protections on digital platforms while maintaining regulatory requirements, an essential factor in today’s Web3 space.
Source: https://blockchainreporter.net/coinank-partners-with-zcloak-to-advance-crypto-trading-and-web3-dapps-security-powered-by-zkp-technology/
