The Confidential ERC-20 Framework is a collaborative initiative between Inco Network and Circle Research, aimed at enhancing privacy solutions for public blockchains. This framework allows standard ERC-20 tokens to be transformed into privacy-protected versions, ensuring user privacy while maintaining regulatory compliance.
- Privacy Protection: Utilizes Fully Homomorphic Encryption (FHE) to conceal account balances and transaction amounts, ensuring user confidentiality.
- Encrypted Balances: All token balances are encrypted, preventing unauthorized access.
- Authorized View Permissions: Only designated parties can view sensitive information, enhancing data security.
- Programmable Transfer Rules: Flexible rules for token transfers can be defined to meet specific application needs.
The Confidential ERC-20 Framework is designed for a variety of use cases, including:
- Supply Chain Payments: Ensuring confidentiality in transactions across supply chain networks.
- Payroll Distribution: Protecting employee payment information while ensuring compliance with regulations.
- Peer-to-Peer Payments: Facilitating secure and private transactions between individuals.
The Confidential ERC-20 Framework empowers users to engage in secure and private transactions on public blockchains, paving the way for innovative applications across multiple industries.
If you need more information and development inquires, you can contact below.
X: @james980114
Discord: @Benix
Thanks.