We recently participated in series A of StarkWare Industries. We also led their seed round where Ethereum founder Vitalik Buterin participated. Our co-investors in series A include Paradigm, Sequoia and Consensys. StarkWare works on commercializing STARK zero-knowledge proof system, which was designed to improve scalability and privacy in blockchains.
To achieve that, this system will manage to help public blockchain networks to hide information while maintaining computational integrity. This feature was only available to privacy-centric blockchains like Zcash and Monero. In fact, StarkWare’s chief scientists were also founding scientists at Zcash.
In addition to this privacy feature that could be turned on and off, StarkWare also provides a unique feature to public blockchains, compressing large data sets into using its full proof stack with both software and hardware. The team is now focusing on what they do best, working to integrate their technology with public blockchains. They are not doing an ICO, and will trade their tech for existing tokens.
Advocates like Vitalik have spoken positively about the technology in the past. He was an investor in the project, and hinted
that such a system could be deployed on top of “Ethereum 3.0.”