AvaCloud,theleadingmanagedblockchainserviceprovider,todayannouncedamajoradvancementinblockchainprivacywiththeacquisitionofEtraPayandthelaunchofanewsuiteofprivacysolutions.Thismovecombinesthestrengthsofpublicandprivateblockchains,unlockingunprecedentedpossibilitiesforsecure,privatedataexchangeacrossvariousindustries.
EtraPaybringstoAvaCloudateamofrenownedprivacytechnologyexpertsandagroundbreakingencryptedtokenstandard,theEncryptedERC(eERC).Thistechnology,leveragingadvancedcryptographictechniqueslikezero-knowledgeproofsandhomomorphicencryption,allowsforconfidentialtransactionsonAvalanche’sLayer1blockchainswhilepreservingfullauditability.
\"Thisisawatershedmomentforblockchaintechnology.Bymergingthetransparencyofpublicblockchainswiththeconfidentialityofprivatesystems,we\'reempoweringbusinessestounlockentirelynewusecasesandachievehigherlevelsofsecurityandcompliance.Thisisthefutureofdecentralizeddataexchange.\"saidNicholasMussallem,CEOofAvaCloud.
ThispowerfulcombinationofAvalanche’spublicblockchaininfrastructureandrobustprivacytoolsallowsAvaCloudcustomersto:
Concealsensitivedata:Protectaccountbalances,transactionamounts,anduseridentities.
Maintaincompliance:Meetregulatoryrequirementswhileleveragingthebenefitsofblockchaintechnologywithoutsacrificingsecurity.
Expandusecases:Enablenewandmorerobustapplicationsindecentralizedfinance,tokenizedassets,supplychainmanagement,andmore.
\"Weareincrediblyproudofthetechnologieswe’vedevelopedatEtraPay.Ourprivacyprotocolsrepresentabreakthroughinblockchaintechnology,particularlyinhowtheyaredesignedtobepracticalfromdayone.ByintegratingthemwithAvaCloud’spowerfulinfrastructure,we’reopeningupaworldofpossibilities.We’reexcitedtoseehowAvaCloudcustomerscanleveragethistechnologytobuildsecureon-chainapplicationsinwaysthatwerepreviouslynotpossibleinanyotherblockchainplatform.\"addedFurkanBoyraz,founderofEtraPay.
TheAvaCloudprivacysuiteisavailablenowforallAvaCloudcustomersontestnet,withmainnetdeploymenttofollowinthecomingweeks.
TolearnmoreandexplorethefutureofblockchainprivacywithAvaCloud:
Visithttp://www.avacloud.io
[email protected]
AboutAvaCloud
AvaCloudisamanagedblockchainserviceempoweringorganizationstoeffortlesslybuild,deploy,andscalehigh-performancedecentralizedLayeronenetworks.AvaCloudprovidesano-codeplatform,automatedinfrastructure,andcomprehensivesupport,enablingbusinessestofocusoninnovationwithoutthecomplexitiesofblockchainmanagement.
AboutEtraPay
EtraPayisaleadingproviderofprivacy-enhancingtechnologiesforblockchainnetworks.Theirexpertiseinadvancedcryptographyenablesconfidentialtransactionsandprotectssensitivedatawhilemaintainingthetransparencyandauditabilityofblockchainsystems.
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