BlockUnion Details EthSystems Partnership on Ethereum Privacy

BlockUnion (HK) Limited detailed its collaboration with EthSystems on Nov. 9, outlining plans to connect financial institutions with Ethereum privacy developers to address confidentiality and compliance needs in onchain finance.

BlockUnion had introduced the collaboration at a Nov. 1 forum. Its Nov. 9 announcement set out plans to use its network across Asia to connect financial institutions and businesses with EthSystems’ technical team. The introductions are intended to facilitate work on privacy-focused financial applications.

EthSystems will support institutional education, seminars and technical exchanges. The companies have described those activities and introductions as the next steps in their collaboration.

EthSystems co-founder and CEO Mo Jalil previously led institutional privacy work at the Ethereum Foundation. The company works with zero-knowledge proofs, fully homomorphic encryption, multiparty computation and trusted execution environments. Its focus is on addressing data confidentiality and compliance challenges as financial activity moves onto Ethereum.