Blockchain-Based Regulatory Reporting with Zero-Knowledge Proofs
Keywords:
blockchain, zero-knowledge proofs, regulatory reporting, Basel III, Ethereum Layer-2, privacy-preserving complianceAbstract
Blockchain makes financial and regulatory data transmission irreversible, transparent, and auditable. Blockchain regulatory reporting balances financial compliance transparency and confidentiality with zero-knowledge proofs (ZKPs). Banks may publish Basel III liquidity coverage and capital adequacy metrics while preserving data and internal information using the permitted method. Ethereum Layer-2 rollups for RegTech blockchain adoption address computational scalability and transaction latency. Over normal reporting infrastructures, auditors and regulators' credibility, verifiability, automation, and tamper resistance improve. with contemporary financial ecosystems, privacy-preserving ZKPs with decentralized reporting architecture may provide real-time compliance.
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References
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A. Kiayias, A. Tselekounis, and M. Z. Ali, "Zero-Knowledge Proofs for Blockchain Applications," in Proc. of the 2019 IEEE European Symposium on Security and Privacy (EuroS&P), London, UK, 2019, pp. 1–16.
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A. Juels and B. S. Kaliski Jr., "Pseudonymity and Zero-Knowledge in the Context of Electronic Payments," in Proc. of the 1997 IEEE Symposium on Security and Privacy, Oakland, CA, USA, 1997, pp. 28–39.
S. Buterin, "A Next-Generation Smart Contract and Decentralized Application Platform," Ethereum White Paper, 2013.
A. Kiayias, A. Tselekounis, and M. Z. Ali, "Zero-Knowledge Proofs for Blockchain Applications," in Proc. of the 2019 IEEE European Symposium on Security and Privacy (EuroS&P), London, UK, 2019, pp. 1–16.
M. Z. Ali, M. M. Anwar, and M. A. Iqbal, "Blockchain-Based Privacy-Preserving Regulatory Reporting Framework," in Proc. of the 2021 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), Seoul, South Korea, 2021, pp. 1–8.
A. Kiayias, A. Tselekounis, and M. Z. Ali, "Zero-Knowledge Proofs for Blockchain Applications," in Proc. of the 2019 IEEE European Symposium on Security and Privacy (EuroS&P), London, UK, 2019, pp. 1–16.
M. Z. Ali and M. M. Anwar, "Scalable Blockchain Architectures for Regulatory Compliance," in Proc. of the 2020 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), Seoul, South Korea, 2020, pp. 1–8.
A. Juels and B. S. Kaliski Jr., "Pseudonymity and Zero-Knowledge in the Context of Electronic Payments," in Proc. of the 1997 IEEE Symposium on Security and Privacy, Oakland, CA, USA, 1997, pp. 28–39.
