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Zero Knowledge Systems in Law & Policy

Updated: Nov 16

Despite the market volatility attributable to cryptocurrencies, the scope of Web3 technologies and their business models is yet unexplored, especially in the Indian context. Few companies like Polygon, Coinbase India, Binance and others are addressing that. In this article, the purpose of Zero Knowledge System as a method to conduct cryptographic proofs is explored, and some policy questions on whether some ideas and assertions of ZKS can be integrated into the domains of law & policy are addressed, considering the role of India as a leader of the Global South.


The Essence of Zero Knowledge in Web3


To begin in simple terms, a Zero Knowledge System is based on probabilistic models of proof verification and not deterministic models. It is one of the methods in cryptography used for entity authentication.. Let us understand it with the help of a diagram.

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