Tempo has launched Zones, a privacy solution designed for institutional adoption, built on its Layer 1 blockchain. Zones operates as a parallel chain connected to Tempo’s mainnet, offering a confidential execution environment for use cases such as payroll and fund management. Each Zone is managed by a trusted entity that can monitor activity and control access but not the assets. Users retain the ability to withdraw funds from mainnet contracts. This move brings private on-chain capabilities to the growing institutional crypto space.

According to The Block, Layer 1 blockchain Tempo has launched Zones, a privacy solution designed for institutional use cases such as payroll, fund management, and payment settlement. Zones provide a private execution environment in the form of parallel blockchains connected to the Tempo mainnet, where transactions are private by default, yet assets remain interoperable with the Tempo mainnet, other Zones, fiat on-ramp/off-ramp channels, and liquidity pools. Tempo states that each Zone will be managed by trusted entities; operators can view activities within the Zone and enforce access controls but do not control the underlying assets, allowing users to withdraw funds locked in mainnet contracts at any time.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.