AvaCloud, the leading managed blockchain service provider, today announced a major advancement in blockchain privacy with the acquisition of EtraPay and the launch of a new suite of privacy solutions. This step combines the strengths of public and private blockchains and unlocks unprecedented possibilities for secure, private data exchange between different industries.
EtraPay brings to AvaCloud a team of renowned experts in privacy technology and a groundbreaking encrypted token standard, the Encrypted ERC (eERC). This technology, which uses advanced cryptographic techniques such as zero-knowledge proofs and homomorphic encryption, enables confidential transactions on Avalanche’s Layer 1 blockchains while maintaining full auditability.
“This is a turning point for blockchain technology. By combining the transparency of public blockchains with the confidentiality of private systems, we enable companies to unlock entirely new use cases and achieve higher levels of security and compliance. This is the future of decentralized data sharing.” said Nicholas Mussallem, CEO of AvaCloud.
This powerful combination of Avalanche’s public blockchain infrastructure and robust privacy tools enables AvaCloud customers to:
- Hide sensitive data: Protect account balances, transaction amounts and user identities.
- Maintain compliance: Meet regulatory requirements while reaping the benefits of blockchain technology without sacrificing security.
- Extend use cases: Enable new and more robust applications in decentralized finance, tokenized assets, supply chain management and more.
“We are incredibly proud of the technologies we have developed at EtraPay. Our privacy protocols represent a breakthrough in blockchain technology, especially in the way they are designed to be practical from day one. By integrating them with the powerful infrastructure of AvaCloud, we open We’re excited to see how AvaCloud customers can use this technology to build secure on-chain applications in ways not previously possible on any other blockchain platform.” added Furkan Boyraz, founder of EtraPay.
The AvaCloud privacy suite is now available to all AvaCloud customers on testnet, with mainnet deployment to follow in the coming weeks.
To learn more and explore the future of blockchain privacy with AvaCloud:
- Visit http://www.avacloud.io
- Contact AvaCloud at sales@avacloud.io
About AvaCloud
AvaCloud is a managed blockchain service that allows organizations to effortlessly build, deploy, and scale high-performance decentralized layer one networks. AvaCloud offers a no-code platform, automated infrastructure and comprehensive support, allowing companies to focus on innovation without the complexity of blockchain management.
About EtraPay
EtraPay is a leading provider of privacy-enhancing technologies for blockchain networks. Their expertise in advanced cryptography enables confidential transactions and protects sensitive data while maintaining the transparency and auditability of blockchain systems.
