Introducing Private Proof of Solvency | HackerNoon
Briefly

The 'Private Proof of Solvency' project offers a secure and efficient method for crypto custody providers to prove reserves without compromising privacy.
Our innovative approach eliminates the need for consolidating user assets into known wallet addresses by utilizing the inherent state concept of every blockchain.
The state, achieved through blockchain transactions, maintains user balance data, allowing firms to prove their reserves while keeping their transactions and total liabilities confidential.
The integration of Zero-Knowledge Proofs (ZKP) enables businesses to confirm their financial status without exposing sensitive data, enhancing trust in crypto custody.
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