Founded in 2017, Findora is an open, permissionless blockchain featuring programmable privacy features. The blockchain is secured by a decentralized network of global validators running the Tendermint consensus mechanism.
With Findora, developers can create digital assets, applications and smart contracts which can preserve confidential information using advanced cryptography. Findora supports zero-knowledge proof cryptography and multi-party computation technologies to enable developers to build privacy-focused applications.
In addition to building your own privacy-focused blockchain applications, Findora’s primitives can be combined to create a programmable privacy layer to service any layer 1 blockchain such as Ethereum, Solana, etc. Essentially, Findora can serve as a layer 2 to scale Ethereum privacy via its private cross-chain transfer capabilities.
Privacy and Findora
Innovative blockchain technologies such as Bitcoin and Ethereum lack privacy features and publicly expose all transaction and user data. These fully transparent blockchains simply can’t serve many industries, such as health care and financial securities, where maintaining user privacy is operationally critical. For example, healthcare records, with user names and medical treatments data, and financial settlement of securities, containing proprietary settlement flow data firms wish to keep confidential, simply can’t run on transparent blockchains due to competitive or regulatory reasons.
Even in the less regulated niches of these industries where blockchain apps have launched, the lack of privacy limits the usability of these applications. For example, decentralized exchanges running on transparent blockchains lead users to suffer the front-running of their orders and a blockchain DAO bidding on a project suffers because it can’t hide its maximum bid, which is a critical disadvantage in a competitive auction.
Findora’s blockchain technology solves many of these privacy-related issues as Findora was built from the ground up to support confidential transactions and to store and compute confidential data. With the Findora SDK, key primitives to confidentially transfer, store and process data provide developers with the key building blocks to pioneer the development of privacy-focused Dapps to disrupt many real-world industries and business models.