IOG aims to launch 'blockchain with privacy' in 2025

CEO Charles Hoskinson sees adoption potential in crypto-friendly Japan

Blockchain technology is best known for its application in cryptocurrency, but proponents say it has many more uses in digital transactions and record-keeping.

NANCY ZHENG, Nikkei staff writer

November 15, 2024 15:00 JST

TOKYO -- Global blockchain company Input Output Global (IOG) plans to launch a "data protection" blockchain system next year that it says will help strike a balance between privacy and security in cryptocurrency, its CEO told Nikkei Asia.

Charles Hoskinson, CEO of the blockchain infrastructure research and engineering company, says its new platform under development, Midnight, will help address critical issues in the blockchain industry for real-world adoption of cryptocurrencies.