Partisia Blockchain, a Denmark-based answer to decentralization’s confidentiality and privateness challenges, at the moment introduced that it has efficiently raised $2.6m in a non-public, early contribution token sale spherical. At the moment working in testnet, the Partisia Blockchain is gearing as much as launch on Mainnet in 2021.
The launch of Partisia Blockchain represents the primary profitable full integration of blockchain know-how with one other business grade sort of distributed cryptography often called Safe Multi-Celebration Computation (MPC). Whereas blockchain prioritizes transparency by design, MPC introduces confidentiality to the equation by leveraging a community of computation nodes that course of encrypted knowledge with zero-knowledge concerning the knowledge. This mixture of Distributed Ledger Know-how (DLT) with privacy-enhancing software program permits enterprises to expertise some great benefits of decentralized applied sciences whereas nonetheless guaranteeing that knowledge stays personal and safe.
Commenting, Kurt Nielsen, President of Partisia Blockchain Basis, stated, “The web has operated on the identical premise for 20 years now, however since then, rather a lot has modified. Rules of privateness and confidentiality are not a luxurious; they’re a necessity that’s demanded from all corners of society – customers, enterprises, and governments alike. The Partisia Blockchain goals to determine a sustainable data-driven society by facilitating the stability between defending and using knowledge. Now endorsed by world initiatives such because the World Financial Discussion board, the US Fee on Proof-based Policymaking, and the UN International Working Group on Massive Information, MPC holds the important thing to a brand new period in digital transfers and knowledge administration that reduces the chance and concern skilled when participating with digital platforms.”
Partisia Blockchain will primarily use funds contributed throughout this era for operational prices, together with the enlargement of its group, the additional improvement of its know-how, and the broadening of its group within the lead-up and past its Mainnet launch in 2021.
Professor Ivan Damgård, Chief Cryptographer of Partisia Blockchain, stated, “Decentralized programs for knowledge options maintain appreciable promise for full new methods to conduct digital enterprise. Nevertheless, up to now, this has been hampered by an absence of privateness and confidentiality. Utilizing the distinctive mixture of Multi-Celebration Computation (MPC) and blockchain, the Partisia Blockchain now presents enterprises a reliable avenue into the blockchain trade and the great potentialities it has to supply.”
Partisia Blockchain Challange
Merging blockchain and MPC has lengthy been acknowledged as a key problem by the Partisia Blockchain group who’ve been working diligently to attain this goal for the previous 4 years. A pioneer within the house, Partisia Blockchain was based by the main Danish developer of privacy-preserving options, Partisia, who’ve been promoting commercial-grade MPC software program options to world enterprises since 2008. Led by Ph.D. Kurt Nielsen, the group counts quite a few well-known trade luminaries amongst its ranks, together with the co-creator of the famed Merkle-Damgård hash operate, Professor Ivan Damgård, a celebrated tutorial, and one of many world’s top-cited and revealed researchers in cryptography, and Professor Jesper Buus Nielsen, the creator of greater than 80 scientific publications together with Safe Multiparty Computation and Secret Sharing — the primary and most influential textbook on MPC.