"The problem TACEO is addressing is structural. Organisations increasingly want to participate in shared digital systems, common payment rails, interoperable identity networks, multi-party financial workflows, but cannot afford to expose the sensitive parts of those workflows to other participants or to a central operator."
"The underlying technology combines two advanced cryptographic approaches. Multiparty Computation, MPC, allows multiple nodes to jointly compute a function on encrypted data without any single node ever seeing the unencrypted inputs. Zero-Knowledge Proofs allow a party to prove that a computation was carried out correctly without revealing what the data actually was."
"When Sam Altman's World needs to verify that a new user's iris hasn't already been registered, it faces a peculiar problem. The computation has to happen on encrypted data, all the way through. That is what the Austrian startup TACEO has been building since 2022."
TACEO, an Austrian startup founded in 2022, launched the TACEO Network, a private execution layer for shared digital infrastructure covering identity, finance, and AI agents. The network is already operational within World ID's biometric verification system, serving over 18 million users across 160 countries. Organizations increasingly need to participate in shared digital systems and payment networks but cannot expose sensitive data to other participants or central operators. Traditional solutions keep sensitive processing in-house while sharing other infrastructure, concentrating risk and limiting shared system benefits. TACEO addresses this through a private execution layer combining multiparty computation and zero-knowledge proofs, enabling encrypted data processing without revealing unencrypted inputs or computation details.
#cryptographic-infrastructure #biometric-verification #encrypted-data-processing #shared-digital-infrastructure #zero-knowledge-proofs
Read at TNW | Startups-Technology
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