OKX Ventures Makes a Strategic Investment in Private Data Verification Protocol zkPass
OKX Ventures is pleased to announce the strategic investment in zkPass, a privacy-preserving protocol for private data verification. It is built upon the foundation of Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and 3-party Transport Layer Security (3P-TLS).
zkPass provides TransGate, which enables users to selectively and privately validate their data on any HTTPS websites to the web3 world. It can cover various data types such as legal identity, financial records, healthcare information, social interactions, work experience, education and skill certifications, etc. All these types of verifications can be done securely and privately without the need to disclose or upload any sensitive personal data to third parties.
Based on various types of data verification, zkPass can be readily incorporated into multiple application scenarios, including composable decentralized identity passes, DeFi lending protocols relying on off-chain credit, privacy-ensured healthcare data marketplaces, and dating apps featuring verifiable zkSBTs, etc. Wherever there is a need for trust and privacy, zkPass can provide a solution.
“We are excited to participate in zkPass and work with zkPass to provide a solution for the pain point of Web 2 and Web 3 private data verification. As a fundamental infrastructure in the industry, zkPass not only enhances web3 development but also aligns with its decentralized future. With its diverse applications spanning finance, healthcare, and social media, we see tremendous growth potential. More importantly, it offers a solution to the pervasive issue of centralized data ownership, marking a significant step towards a more secure and private digital world.” said Dora, Founder of Ventures.
About OKX Ventures
OKX Ventures is an investment institution under the worldwide top trading platform OKX.com, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and focusing on long-term structural value investment. The initial capital of OKX Ventures is USD $100 million. We are committed to helping the ideal entrepreneurs who contribute to the development of the blockchain industry to build great companies and bringing global resources and historical experience to blockchain projects.