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.
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