Input Output Global, Inc. (IOG), a software research & development company, and one of the builders behind world-leading sustainable blockchain platform Cardano, has appointed Eran Barak as CEO of Midnight, its new data-protection focused protocol.
Barak has previously held senior roles in the financial services industry. Most recently, he helped found and served as chief operating officer at Symphony, one of the world’s most secure and compliance-enabling financial services workflows company.
He also helped establish FINOS (Fintech Open Source Foundation), an organization driving open source solutions for financial services.
He previously held senior roles at customer engagement platform Amdocs and leading content aggregator, Thomson Reuters.
In his new role at IOG, Barak will lead and build out the business unit building Midnight, a new blockchain protocol announced at the end of last year.
Currently in development, Midnight is a platform for global scale applications with principles and integrity. Targeted at developers, companies, governments, and individuals, Midnight utilizes a novel data protection-first programming model to allow users to operate more safely and securely. The platform will use zero-knowledge cryptography (ZK Proofs) and a combination of private and public computation to create a trustless ecosystem that safeguards sensitive personal and commercial data while meeting compliance needs. Use cases may include financial workflows, healthcare records, supply chain activities, etc.
Midnight will operate as a sidechain of the popular Cardano blockchain, inheriting its security and decentralized qualities while significantly extending Cardano’s utility, opening up valuable new use cases for individuals and organizations looking to transact, publish or share sensitive data.
Charles Hoskinson, CEO & Co-founder at IOG, said:
Eran Barak, CEO Midnight at IOG, said:
