Traslate me! ; )
Hers a google translation, I think Russian is supposed to be Roshian
“Zcash is a currency with both user protection and compliance,” interview with Russian OL
Author Russian OL-April 5, 2019
In late March, Zcash (Je-cash) visited Japan for the first time, and held a meet-up for the community at blockchain-specific coworking space Neutrino (neutrino).
The meetup was attended by a number of virtual currency industry participants. In addition to explaining the basics of Zcash at the pitch by CEO Zooko Wilcox, regulators also shared the rationale for the assertion that Zcash should be added to the whitelist. Also, in the Q & A after the pitch, more than 50 questions were gathered through the question submission service slido, and Mr. Zooko answered 18 of those questions. It was a meaningful meetup with very active discussions.
Mr. Zooko explaining Zcash
State of the meetup
Prior to this meetup, I had the opportunity to interview the Zcash team directly, so I would like to introduce it.
Zcash is a privacy currency that can be shared with third parties
Russian OL-chan (hereinafter, Russian): Hello. It is Russian OL. Thank you. This Zcash team is the first visit to Japan, but is it your first time to come to Japan, even privately? "
Josh Swihart (Zcash Marketing & Business Development: Josh): Yes, personally for the first time in Japan. I ate with grilled chicken and Japanese beef last night and I liked it wonderfully delicious. I had been eating grilled chicken at a convenience store near here, so I ate it again.
Russian: Japanese food is delicious, isn’t it? Well, that’s right, but I’ll make it into the main topic. Zcash is well known in Japan as the image of privacy currency in Japan, is this recognition correct? Please tell me along with an introduction to the features of Zcash.
Josh: Zcash is a digital currency and is a virtual currency like bitcoin. In fact, Zcash was originally based on Bitcoin and was conceived by scientists from Massachusetts Institute of Technology (MIT), John Hopkins University and other prestigious academic and scientific institutions.
To briefly describe the features, Zcash allows you to share and manage information. Zcash has two types of addresses, and transparent addresses work like bitcoin addresses. On the other hand, if you use a shield address, the balance associated with that address will not be displayed in the blockchain. With payment disclosure and special “display keys”, you can also share transaction details with a trusted third party for compliance or auditing.
State of interview
(From right: Mr. Zooko Wilcox, Mr. Josh Swihart
I want to know the vision and regulation of Japan’s virtual currency
Russian: I see. Users can choose to use the privacy feature, and even if they use the privacy feature, they can also share their details. There are many use cases for blockchains, so it’s good that users can choose according to their purpose.
Now let’s move on to the next question. What is the purpose of this visit to Japan? Have there been any harvests yet?
Josh: The purpose of the visit to Japan is fourfold. Learn more about the vision and regulation of virtual currency in Japan, hold a meet-up to get in touch with those who are working and interested in this area, and to inform those who are interested in Zcash without hesitation It is. We will invest more time in Japan.
Actually coming to Japan, there were many harvests. Being able to meet the community and key people directly was especially valuable. As a result of this inspection, I will actually return to Japan again this week. This is a short stay, though.
Russian: Having met key person may not have been a meaningful discussion for Japanese officials as well.
At the meetup, the participants asked if they met with the FSA. It was that I could not answer clearly because I am involved in sensitive topics, but perhaps not only Japanese regulators, but movements of anti-money laundering (AML) and anti-terrorism financing (CFT) are more important worldwide. I think it’s getting better. How are you going to face these?
Josh: We see the AML and CFT efforts as extremely important. Regulators have important and difficult responsibilities to protect their citizens from illegal and immoral conduct and at the same time protect their citizens from the abuse of public data. Zcash was created for the purpose of protecting the citizens and businesses, and the purpose is to keep this balance. As a result of the surveys conducted so far, it has become clear that Zcash has not been confirmed to have been used for money laundering or terrorists. "
Zcash Offers Economic Freedom And Opportunity
Russian: Certainly, the abuse of public data has become a global issue, such as the implementation of the GDPR (EU General Data Protection Regulations) in Europe. Is Zcash’s privacy technology, which protects users from data abuse, applicable to areas other than virtual currency?
Josh: Of course! Zcash uses technology based on zero knowledge proof. Although this technique is important for information validation, it can also be applied to applications where not all participants need to share all details with each other. These include a wide range of applications such as personal information management, employment certification, distributed application execution, and credit information. It is an early stage before it is widely used now.
Russian: What role will Zcash play in the future?
ZUKO: The mission of the Electric Coin Company (Zcash’s development and support enterprise) is to provide economic freedom and opportunities for everyone. It is a big mission, but we have been dedicated through our lives to achieve it.
Russian: Finally, please give a message to your coin choice reader. " [video of Josh]
(interesting fact, Weird Al was in Japan this past week too)