Chainlink to collaborate with ANZ and MAS to test confidential blockchain technologies and implement CCIP with transaction encryption 💰

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Chainlink collaborates with banks to test confidential private blockchains. Participants can share keys with regulators or auditors. Chainlink, the leading oracle provider, is already integrated into 407 projects on 20 blockchains.

The company is developing encryption services for institutional users through the CCIP network, combining private and public chains. The Australian and New Zealand Bank (ANZ), along with the Monetary Authority of Singapore (MAS), will be the first to test this technology.

The new blockchain privacy management system will create encrypted channels for hidden cross-chain transactions. Chainlink is also working on implementing ZK-proofs for financial institutions to ensure secure transactions without revealing data to third parties.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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