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HomeCrypto NewsMarketCardano Founder Hails This Major Partnership

Cardano Founder Hails This Major Partnership

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Cardano founder Charles Hoskinson expressed his excitement over the Midnight Foundation’s newly announced partnership with Google Cloud.

Yesterday, the Midnight Foundation, a nonprofit that focuses on the growth of Cardano’s privacy sidechain Midnight, confirmed its partnership with Google Cloud. 

According to the announcement, the partnership would accelerate the commercialization of zero-knowledge proof (ZKP) technology while developing a privacy-first infrastructure for next-generation digital systems. 

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Midnight’s Role 

The collaboration will tackle key challenges facing most blockchains, particularly the issue of publicly exposed data, which has hindered adoption in sensitive sectors such as healthcare and finance. 

Notably, the announcement framed the Midnight Network as the solution that can address this challenge. It pointed out that Midnight’s infrastructure integrates programmable privacy through zero-knowledge smart contracts, enabling selective disclosure of data across various sectors. 

This enables organizations to safeguard sensitive data while remaining fully compliant with regulations. For instance, financial institutions can leverage Midnight for private, regulatory-compliant transactions and cross-border payments. 

Additionally, governments can tap Midnight to issue secure digital identities without exposing personal information. At the same time, healthcare providers can use it to share medical data for research purposes without compromising patient privacy.

Google Cloud’s Function 

Meanwhile, Google Cloud’s role in the partnership involves managing the core infrastructure of the Midnight Network, including becoming a validator. The tech giant will also provide confidential computing technology that blocks even cloud providers from accessing sensitive data. 

Beyond simple infrastructure support, Google Cloud will also deliver advanced threat monitoring and incident response through its cybersecurity arm, Mandiant. This provision will enhance security for developers building on the Midnight network. 

Cardano Founder Reacts 

The announcement of the partnership quickly went viral within the crypto community. Hoskinson took to X to celebrate the development, expressing pride in working with Google on Midnight. He describes it as a great company that brings significant value to the Cardano ecosystem. 

Since the introduction of Midnight, its foundation has teamed up with several projects to enhance its development and performance. Some of its early partners include Web3 game development company Paima Studios and enterprise data platform Maestro. 

Midnight is preparing for its mainnet launch, scheduled for later this year. In the meantime, users are still claiming their share of NIGHT tokens in the ongoing Glacier Drop, with more than 1.6 billion tokens already claimed. The claim portal will close on October 4 at 13:00 (UTC), bringing the Glacier Drop to an end.

Following this, the Scavenger Mine will launch immediately, allowing users to earn a portion of the unclaimed NIGHT tokens by completing computational tasks.

The second phase will run for 30 days. The Lost-and-Found phase will follow immediately, allowing eligible beneficiaries who missed the Glacier Drop to claim their tokens. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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