Zero-knowledge proofs (ZKPs) are emerging as a vital component in blockchain technology, offering a way to maintain transactional privacy and integrity. These cryptographic methods enable verification without revealing the actual data, paving the way for more secure and private blockchain environments.
At its core, a zero-knowledge proof allows one party (the prover) to prove to another party (the verifier) that they know certain information without disclosing the information itself. This is particularly valuable in the blockchain realm, where transparency is key but privacy is also crucial. For example, smart contracts often contain sensitive financial or personal data that must be protected from unauthorised access.
How ZKPs Operate
A ZKP involves the prover performing actions that confirm they know the hidden data. If an unauthorised party attempts to guess these actions, the verifier's procedures will expose the falsity of their claim. ZKPs can be interactive, requiring repeated verifications, or non-interactive, where a single proof suffices for multiple verifiers.
The concept of ZKPs was introduced in a 1985 MIT paper by Shafi Goldwasser and Silvio Micali, which demonstrated the feasibility of proving statements about data without revealing the data itself. Key characteristics of ZKPs include:
Types of Zero-Knowledge Proofs
Zero-knowledge proofs come in various forms, each offering unique benefits in terms of proof times, verification times, and proof sizes:
Advantages for Blockchain Privacy
ZKPs are instrumental in preserving privacy on public blockchains, which are typically transparent by design. They enable the execution of smart contracts—self-executing programs that perform agreed-upon actions—without revealing sensitive data. This is particularly important for institutions like banks, which need to protect personal data while complying with regulatory requirements.
For instance, financial institutions can use ZKPs to interact with public blockchain networks, keeping their data private while benefiting from the broader user base. The London Stock Exchange is exploring ZKPs to enhance security and handle large volumes of financial data efficiently.
Practical Applications
Zero-knowledge proofs have a wide array of applications across various sectors, enhancing privacy and security:
1. Private Transactions: Cryptocurrencies like Zcash utilise ZKPs to keep transaction details confidential. By employing ZKPs, Zcash ensures that the sender, receiver, and transaction amount remain private, providing users with enhanced security and anonymity.
2. Decentralised Identity and Authentication: ZKPs can secure identity management systems, allowing users to verify their identity without revealing personal details. This is crucial for protecting sensitive information in digital interactions and can be applied in various fields, from online banking to voting systems.
3. Verifiable Computations: Decentralised oracle networks can leverage ZKPs to access and verify off-chain data without exposing it. For example, a smart contract can obtain weather data from an external source and prove its authenticity using ZKPs, ensuring the data's integrity without compromising privacy.
4. Supply Chain Management: ZKPs can enhance transparency and security in supply chains by verifying the authenticity and origin of products without disclosing sensitive business information. This can prevent fraud and ensure the integrity of goods as they move through the supply chain.
5. Healthcare: In the healthcare sector, ZKPs can protect patient data while allowing healthcare providers to verify medical records and credentials. This ensures that sensitive medical information is kept confidential while enabling secure data sharing between authorised parties.
Challenges and Future Prospects
Despite their promise, ZKPs face challenges, particularly regarding the hardware needed for efficient proof generation. Advanced GPUs are required for parallel processing to speed up the process. Technologies like PLONK are addressing these issues with improved algorithms, but further developments are needed to simplify and broaden ZKP adoption.
Businesses are increasingly integrating blockchain technologies, including ZKPs, to enhance security and efficiency. With ongoing investment in cryptocurrency infrastructure, ZKPs are expected to play a crucial role in creating a decentralized, privacy-focused internet.
Zero-knowledge proofs are revolutionising blockchain privacy, enabling secure and confidential transactions. While challenges remain, the rapid development and significant investment in this technology suggest a bright future for ZKPs, making them a cornerstone of modern blockchain applications.
A recent study by the multinational law firm DLA Piper, which surveyed 600 top executives and decision-makers worldwide, sheds light on the considerable hurdles businesses confront when incorporating AI technologies.
Despite AI's exciting potential to transform different industries, the path to successful deployment is plagued with challenges. This essay looks into these problems and offers expert advice for navigating the complex terrain of AI integration.
According to the report, while more than 40% of enterprises fear that their basic business models will become obsolete unless they incorporate AI technologies, over half (48%) of companies that have started AI projects have had to suspend or roll them back. Worries about data privacy (48%), challenges with data ownership and insufficient legislative frameworks (37%), customer apprehensions (35%), the emergence of new technologies (33%), and staff worries (29%).
When organizations embark on an AI journey, they often expect immediate miracles. The hype surrounding AI can lead to inflated expectations, especially when executives envision seamless automation and instant ROI. However, building robust AI systems takes time, data, and iterative development. Unrealistic expectations can lead to disappointment and project abandonment.
AI algorithms thrive on data, but data quality and availability remain significant hurdles. Many businesses struggle with fragmented, messy data spread across various silos. With clean, labeled data, AI models can continue. Additionally, privacy concerns and compliance issues further complicate data acquisition and usage.
AI projects often lack a well-defined strategy. Organizations dive into AI without understanding how it aligns with their overall business goals. A clear roadmap, including pilot projects, resource allocation, and risk assessment, is crucial.
Skilled AI professionals are in high demand, but the supply remains limited. Organizations struggle to find data scientists, machine learning engineers, and AI architects. Without the right talent, projects stall or fail.
Implementing AI requires organizational change. Employees must adapt to new workflows, tools, and mindsets. Resistance to change can derail projects, leading to abandonment.
Researchers from MIT and several other institutions have introduced an innovative technique that enhances the problem-solving capabilities of large language models by integrating programming and natural language. This new method, termed natural language embedded programs (NLEPs), significantly improves the accuracy and transparency of AI in tasks requiring numerical or symbolic reasoning.
Traditionally, large language models like those behind ChatGPT have excelled in tasks such as drafting documents, analysing sentiment, or translating languages. However, these models often struggle with tasks that demand numerical or symbolic reasoning. For instance, while a model might recite a list of U.S. presidents and their birthdays, it might falter when asked to identify which presidents elected after 1950 were born on a Wednesday. The solution to such problems lies beyond mere language processing.
MIT researchers propose a groundbreaking approach where the language model generates and executes a Python program to solve complex queries. NLEPs work by prompting the model to create a detailed program that processes the necessary data and then presents the solution in natural language. This method enhances the model's ability to perform a wide range of reasoning tasks with higher accuracy.
How NLEPs Work
NLEPs follow a structured four-step process. First, the model identifies and calls the necessary functions to tackle the task. Next, it imports relevant natural language data required for the task, such as a list of presidents and their birthdays. In the third step, the model writes a function to calculate the answer. Finally, it outputs the result in natural language, potentially accompanied by data visualisations.
This structured approach allows users to understand and verify the program's logic, increasing transparency and trust in the AI's reasoning. Errors in the code can be directly addressed, avoiding the need to rerun the entire model, thus improving efficiency.
One significant advantage of NLEPs is their generalizability. A single NLEP prompt can handle various tasks, reducing the need for multiple task-specific prompts. This makes the approach not only more efficient but also more versatile.
The researchers demonstrated that NLEPs could achieve over 90 percent accuracy in various symbolic reasoning tasks, outperforming traditional task-specific prompting methods by 30 percent. This improvement is notable even when compared to open-source language models.
NLEPs offer an additional benefit of improved data privacy. Since the programs run locally, sensitive user data does not need to be sent to external servers for processing. This approach also allows smaller language models to perform better without expensive retraining.
Despite these advantages, NLEPs rely on the model's program generation capabilities, meaning they may not work as well with smaller models trained on limited datasets. Future research aims to enhance the effectiveness of NLEPs in smaller models and explore how different prompts can further improve the robustness of the reasoning processes.
The introduction of natural language-embedded programs marks a mounting step forward in combining the strengths of programming and natural language processing in AI. This innovative approach not only enhances the accuracy and transparency of language models but also opens new possibilities for their application in complex problem-solving tasks. As researchers continue to refine this technique, NLEPs could become a cornerstone in the development of trustworthy and efficient AI systems.
A hacker group known as 888 has claimed responsibility for a data breach targeting Shell, the British multinational oil and gas company. The breach, allegedly impacting around 80,000 individuals across multiple countries, has raised significant concerns about data security within the organisation.
The compromised data includes sensitive information such as shopper codes, names, email addresses, mobile numbers, postcodes, site addresses, and transaction details. This information reportedly pertains to Australian users, specifically linked to transactions at Reddy Express (formerly Coles Express) locations in Australia. The hacker, using the pseudonym Kingpin, shared samples of the data on a popular hacking forum, indicating that the breach occurred in May 2024.
The breach affects individuals in several countries, including the United States, United Kingdom, Australia, France, India, Singapore, the Philippines, the Netherlands, Malaysia, and Canada. The extensive range of affected regions stresses upon the potential severity and widespread implications of the breach for Shell’s customers and stakeholders.
At present, there has been no official statement from Shell confirming the breach. The Cyber Express reached out to Shell for verification, but no response has been received. This lack of confirmation leaves the authenticity of the claims uncertain, though the potential risks to those involved are considerable.
This is not the first time Shell has faced cyberattacks. In the past, the company experienced a ransomware attack and a security incident involving Accellion’s File Transfer Appliance. These past events highlight the persistent threat cybercriminals pose to the energy sector.
In response to previous incidents, Shell emphasised its commitment to cybersecurity and data privacy. The company has initiated investigations into the recent claims and is working to address any potential risks. Shell has also engaged with relevant regulators and authorities to ensure compliance with data protection regulations and to mitigate the impact of any breaches.
The situation is still unfolding, and The Cyber Express continues to monitor the developments closely.
The alleged Shell data breach by hacker group 888 serves as a reminder of the vulnerabilities that even large multinational corporations face in the digital age. As investigations continue, the importance of robust cybersecurity measures and vigilant monitoring cannot be overstated.