zkPass, a provider of privacy-preserving solutions, raised $2.5m in seed funding.
Backers included Binance Labs, Sequoia China, OKX Ventures, dao5, SIG DT Investments — a Susquehanna International Group company — Cypher Capital, Leland Ventures, and Blockchain Founders Fund.
The company intends to use the funds to advance the development of its pre-alpha testnet.
zkPass is a privacy-preserving protocol for private data verification. It uses a combination of three key technologies such as zero-knowledge proofs, multi-party computation, and three-party transport layer security to empower users to disclose personal data without exposing or uploading the actual documents. zkPass provides TransGate, which enables users to selectively and privately validate their data on any HTTPS website 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.
FinSMEs
08/08/2023