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Zero Knowledge
Centrifuge and zkSNARKs in action with Lucas Vogelsang
Dec 11, 2019
Lucas Vogelsang, co-founder of Centrifuge, discusses his journey to co-founding the company and the role of privacy in his thinking. They also explore building with zkSNARKs, improving access to finance through blockchain and decentralization, the future of borrowing and lending in blockchain, challenges of scalability on Ethereum, the importance of privacy for businesses on blockchain, and developing in the rapidly changing zero knowledge space.
01:01:49
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Quick takeaways
- Centrifuge aims to create a decentralized platform for secure data exchange in the financial supply chain.
- Privacy is a top priority for Centrifuge, allowing businesses to have control over their data and protect sensitive information.
Deep dives
Building a decentralized network for secure data exchange
Centrifuge aims to create a peer-to-peer network and protocol for secure and private data exchange. They are focused on building the infrastructure for data to exist and be exchanged securely. Their goal is to allow businesses to have complete control over their data and choose how much information they want to share. They use a combination of off-chain messaging and on-chain anchoring to ensure data integrity. By tokenizing payment obligations from invoices, they provide verifiable proof without revealing sensitive information. Centrifuge is exploring the use of zero-knowledge proofs to further enhance privacy and enable more complex computations while protecting data.
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