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Privacy-Enhancing Cryptography in Distributed Ledgers

Objective

Blockchain and distributed ledger technologies (DLTs) have emerged as one of the most revolutionary developments in recent years, with the goal of eliminating centralised intermediaries and installing distributed trusted services. They facilitate trustworthy trades and exchanges over the Internet, power cryptocurrencies, ensure transparency for documents, and much more.
Although based on cryptographic techniques at their core, the currently deployed DLTs do not address privacy. Indeed, the very idea of a public ledger that stores a verifiable record of transactions at first appears inherently incompatible with the privacy requirements of many potential applications, which use sensitive data such as trade secrets and personal information. New cryptographic techniques and protocols are therefore needed to protect the data, facilitate these applications, and make DLTs deliver on their promises.
PRIViLEDGE realises cryptographic protocols supporting privacy, anonymity, and efficient decentralised consensus for DLTs. In PRIViLEDGE, several European key players in cryptographic research and from the fintech and blockchain domains unite to push the limits of cryptographic protocols for privacy and security. Results from PRIViLEDGE are demonstrated through four ledger-based solutions: (1) verifiable online voting; (2) contract validation and execution for insurance; (3) university diploma record ledger; and (4) update mechanism for stake-based ledgers. The selected use cases are diverse and represent the principal application domains of DLT; this ensures wide reach and impact of the techniques developed in PRIViLEDGE beyond the immediate scope of the project.

Fields of science (EuroSciVoc)

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

RIA - Research and Innovation action

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-DS-2016-2017

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Coordinator

GUARDTIME OU
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 638 140,00
Address
A H TAMMSAARE TEE 60 KRISTIINE DISTRICT
11316 Tallinn
Estonia

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Eesti Eesti Põhja-Eesti
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 638 140,00

Participants (9)

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