Matter Labs Open-Sources Prividium Permissioning Engine, Bundesbank Tests Platform

Matter Labs has open-sourced the permissioning engine of Prividium, its distributed ledger technology platform for financial institutions. This move allows institutions to run a permissioned chain from public code in their own environment.

The setup is meant to keep smart contract and token data within the operator's environment while using zero-knowledge proofs to verify correctness.

Matter Labs CEO Alex Gluchowski said that the decision to open-source Prividium's core permissioning engine was made after feedback from regulated institutions that they needed to be able to run critical infrastructure themselves, rather than depend on a vendor.

The Bundesbank is testing and deploying the open-source permissioning engine, and Matter Labs will continue collaborating with them on the platform's design and testing.