Primus Partners with Allscale to Test Encrypted Payroll on BNB Chain

Primus Labs is collaborating with Allscale to test a feature that encrypts payroll amounts for distribution on the BNB Chain. Allscale announced on the afternoon of the 4th at 4:22 PM that it has begun testing the 'Private Payroll' feature on the BNB Chain. This feature is designed to keep payroll amounts encrypted while allowing for external verification. Primus stated that this collaboration adds confidentiality to existing financial infrastructure, enabling institutions and individuals to utilize confidential on-chain financial services without building separate systems. Primus Labs specializes in zero-knowledge proof computations, while Allscale offers payroll distribution as a key product through its self-custodial stablecoin neobank. Previously, Primus announced plans to implement the fully homomorphic encryption-based confidential financial product 'Primus Confidential Finance' on the BNB Smart Chain in collaboration with Unitus Labs and United Stables. This payroll feature test expands the confidential finance concept into practical use cases. Unlike traditional on-chain payment methods where payroll details are exposed, this test aims to verify whether companies can settle payroll on the blockchain without disclosing employee salary information externally.

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