The program will be led by Professor Alessandro Chiesa, who is a co-inventor of Zerocash and co-founder of Zcash, as well as one of the lead developers of the libsnark library.

Professor Alessandro Chiesa

Loopring Foundation and UC Berkeley will also explore the possibility of applying zero-knowledge proofs on top of the Loopring Protocol to provide strong privacy guarantees for token-to-token trading activities.

“I see great potential in Loopring and the integration [of the Loopring Protocol] with zero-knowledge proofs would be a very interesting idea to explore.”, said Professor Alessandro Chiesa.

“Cross-chain trading protocols are fundamental to the interoperability of decentralized networks. Tokens that can be recognized and functional across multiple blockchains will have the greatest utility going forward and help to bridge ecosystem fragmentation. Cross-chain protocols with trading automation don’t exist yet, so we are super excited about this direction of research. We understand it’s going to be an arduous challenge and it may take years, but [The Loopring Foundation is] dedicated to sponsoring and working with academia to push this forward. Professor Chiesa is the best scientist who can lead this effort.”, said Daniel Wang, the founder of Loopring Foundation.