Cardano parent company launches a privacy-focused blockchain and token on Cardano network
Input Output Global Inc. (IOG), the company behind the Cardano blockchain, announced the launch of a new data-protection and privacy-centric blockchain and accompanying token on Friday at an event at Edinburgh University in Scotland. The blockchain, dubbed “Midnight,” is one of the Cardano sidechains that will offer zero-knowledge smart contracts, which will allow parties to complete transactions without disclosing any identifying data to each other. “Dust” will be the name of the accompanying token. According to Hoskinson, the blockchain will balance user privacy while granting authorities access to the system if permission is granted. Hoskinson, referring to existing privacy-centric blockchains