QEDIT, a Privacy-Enhancing Technology provider, has announced its participation in a $12.6 million USD government-funded research project, geared towards harnessing advanced cryptography to preserve the integrity of complex software programs.
Read More: GlobalFintechSeries Interview with Jill Homan, President at DeepTarget
Funded by the Defense Advanced Research Projects Agency (DARPA), the $12.6 million contract was awarded to R&D specialist firm Galois to lead Project Fromager, with QEDIT being awarded $2 million of the funding allocation. Project Fromager is one of 12 projects being funded in conjunction with DARPA’s Securing Information for Encrypted Verification and Evaluation (SIEVE) program, which aims to use Zero-Knowledge Proofs (ZKPs) to enable the verification of capabilities relevant to the Department of Defense without revealing the sensitive details associated with those capabilities.
Read More: Options Announces Expansion into Gemini Cryptocurrency Exchange
The SIEVE program also seeks to advance the performance and efficiency of ZKPs and broaden the accessibility of ZKP technology to new swathes of platform-agnostic developers.
Jonathan Rouach, CEO and Co-Founder of QEDIT, said, “QEDIT is delighted to partner with Galois and other esteemed academic institutions as part of this landmark research project on behalf of DARPA. This project underlines the pronounced value of ZKP cryptography as a means of delivering a new, more powerful standard of privacy at the highest levels of industry and government. We are proud to accelerate the global deployment of ZKPs for practical applications.”
Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize
