ING’s Zero-knowledge range proof solution (ZKRPS) could validate that a new client lives in a country that belongs to the European Union, without revealing the country.

Simply put, this technology allows information to be shared without revealing contextual details. Annerie Vreugdenhil, head of Wholesale Banking Innovation at ING said “Our overall goal with distributed ledger technology and specifically blockchain is to create solutions that empower our clients to transform their business models,” One of the key elements in this process for clients is how to deal with data and privacy, ZKRPS is the next step in this journey.”