Sui Unveils Private B2B Settlement Network Tessera for Institutions
JH Kim
Summary
- Layer-1 blockchain Sui said it has unveiled Tessera, a B2B payment and settlement network for institutional users.
- Sui said the transparency of transaction amounts on existing blockchains had been a barrier to their use in corporate payments.
- It said Tessera is a prototype built on Seal MPC and Confidential Transfers technology to protect transaction privacy.
Forecast Trend Report by Period
Layer-1 blockchain Sui unveiled Tessera, a private B2B payment and settlement network for institutional users, in an Aug. 10 post on X.
Sui said most blockchains publicly disclose transaction amounts, allowing competitors to see pricing and volumes. That has hindered the use of blockchain for payments between businesses.
Tessera is a prototype built on Seal MPC and Confidential Transfers technology to protect the privacy of corporate transactions.
Transaction details are not disclosed publicly, but counterparties, regulators and other authorized parties can review the information within the scope of their permissions.
JH Kim
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