Of the many blockchains that are out there, only a handful are really thinking about how to satisfy the requirements of enterprises interested in public distributed ledger technology (DLT) for digital transformation, industry disruption, stakeholder engagement, or business innovation.

While he was in Austin, TX to cover Consensus 2023, Blockchain Journal editor-in-chief David Berlind interviewed Robert Viglione, CEO of Horizen Labs, the engineering organization that supports the Horizen blockchain and its protocol token: ZEN.

One of Horizen's key areas of focus when it comes to serving enterprises is about Zero-Knowledge or ZK cryptographic technology. In the interview, Viglione discusses how ZK technologies make it possible for the different stakeholders in a blockchain-based multi-party transparency use case to draw certain conclusions (for example financial conclusions) from batches of transactions without actually revealing the underlying details of those transactions. For example, if a transaction represented the settlement of an invoice, the amount may be known and so too is the fact that it was for an invoice. But other details regarding the invoice such as what goods or services the invoice was for or even who it was to can be kept private.

Viglione also discussed the forthcoming introduction of an Ethereum Virtual Machine (EVM) to Horizen's mainnet (blockchain industry jargon for the actual production public blockchain and not the non-production or "testnet" version). Some of the enterprise-targeted public blockchains have strategically embraced the EVM as the means through which their public distributed ledgers will support enterprise needs for custom blockchain application development. As more chains gravitate towards the EVM as their virtual machine of choice, enterprises can seek solace in those chains knowing that the EVM is becoming a defacto industry standard, making it easier to switch public ledgers should the need arise without having to recode their applications from scratch. It is akin to the comfort that enterprises have traditionally appreciated in the multiple Java Enterprise Edition (JEE) offerings on the market and the flexibility that was similarly afforded to enterprises by virtue of the JEE standard.

To watch the video version of this podcast or read its full-text transcript, go to:

https://blockchainjournal.com/interview/why-enterprises-would-be-wise-choose-an-evmcompatible-chain-horizen-labs-ceo/

The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=HFnTfQwq2lY