Hyderabad: ZAGG Protocol, a privacy-preserving open source blockchain platform is all set to introduce technologies to revolutionize enterprise commerce market. It empowers the enterprises to execute transactions on public blockchain with required privacy & confidentiality. This protocol will help both enterprises and the developers to leverage the common public ledger, privacy frameworks to innovate & develop new applications that drive customer value and brand revenues.
Speaking on the new innovation, Ram Gollamudi, CEO, ZAGG Protocol said, “ZAGG Protocol is designed to leverage the blockchain technology to efficiently use for payments & trade digital assets for the enterprises on a public ledger and yet maintain privacy. ZAGG Blockchain which started as an application level project to solve the inconsistencies in the enterprise payment market, soon discovered an unmet need in the market for an Enterprise friendly privacy preserving public blockchain.
With an aim to take blockchain mainstream, ZAGG Protocol’s first target applications are in B2B2BC centric industries that can leverage ZAGG infrastructure as a fully decentralized clearing and settlement infrastructure. Enterprises are increasingly looking at innovative ways to engage, retain and grow their customers.