zkSync collaborates with crypto infrastructure company Espresso Systems to integrate CAPE technology for privacy transactions

ChainCatcher news, the Ethereum Layer 2 network zkSync based on ZK Rollup is collaborating with the crypto infrastructure company Espresso Systems to integrate a new technology called "Configurable Asset Privacy" (CAPE) for private transactions. Any user can transact without exposing private data on the blockchain, thereby eliminating barriers for institutions that do not wish to expose balances, on-chain activities, and other publicly accessible private data.

It is reported that the collaboration is still in planning and has not yet been deployed on zkSync's testnet. An update on the tokenization of real-world assets, supply chains, identity, payments, and trade finance is expected later this year. (Source link)