Rayls Selected to Participate in Kinexys by J.P. Morgan's Project EPIC – Exploring Privacy and Identity Solutions for Institutions

The report from Kinexys by J.P. Morgan (formerly known as Onyx by J.P. Morgan) explores privacy in an institutional landscape showcasing Rayls' privacy solution as one of the featured proof-of-concepts. Rayls' privacy solution protected sensitive data on-premise, with end-to-end encryption and Merkle root attestations enabling confidential interactions.

Rayls' modular architecture was also highlighted, enabling cross-blockchain transactions and allowing participation in multiple markets without sacrificing security or privacy.

Rayls fulfils the criteria outlined by Kinexys by J.P. Morgan in the report including KYC/AML and Suitability attestation, confidential smart contract logic and confidential token type.

London, UK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- - Kinexys by J.P. Morgan (formerly known as Onyx by J.P. Morgan), the firm's blockchain business unit selected Rayls to participate in Project EPIC, exploring privacy and identity solutions for institutions. Read the report. In Parfin's implementation, the Rayls platform showcased a secure and compliant system for global, institutional transactions. 

In Rayls' proof of concept (POC), the following benefits were shown:  

Privacy by Design: Privacy ledgers protected sensitive data on-premise, with end-to-end encryption and Merkle root attestations enabling confidential interactions.