ZK Proofs: Revolutionizing Industries Like the iPhone, Says a16z Partner

IconCryptoNewsTerminal Staff07 Jun, 2024

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ZK Proofs: Revolutionizing Industries Like the iPhone, Says a16z Partner

Andreessen Horowitz (a16z) partner Guy Wuollet believes that zero-knowledge proofs (ZKPs) are "still massively underappreciated." He compares their potential to that of the iPhone, which revolutionized the smartphone industry by combining a programmable computer, GPS, and high-quality camera. This combination enabled the creation of apps like Instagram, Uber, and DoorDash. Wuollet suggests that ZKPs, such as a16z's zkVM Jolt, have similar transformative potential. They can enable new use cases and applications, such as privacy-preserving identity verification, secure data sharing, and efficient decentralized finance (DeFi) protocols.