DAVOS, 17 JANUARY 2024. Today in Davos, Partisia Blockchain unveiled its latest product – MOCCA (MPC On-Chain Custody Advanced solution). The MOCCA solution revealed during the World Economic Forum is a decentralized and fully programmable multichain custody solution designed to redefine the landscape of securing digital assets and ease custodial management.
The key differentiators of MOCCA from the existing custody solutions are its decentralized and enhanced programmability through smart contracts, blockchain agnostic multichain functionality, advanced security and compliance, and configurable privacy.
Peter Frandsen, Chief Technology Officer at Partisia Blockchain, says:
“MOCCA solution marks a significant milestone in the evolution of decentralized custody; it addresses the current limitations of traditional smart contracts and centralization. MOCCA empowers institutions and organizations with genuine decentralization, advanced programmability and the flexibility to secure digital assets across multiple chains. Backed by our decades-long expertise in multiparty computation (MPC), this product is our commitment to delivering cutting-edge solutions that redefine the standards of security, compliance, and innovation in the blockchain space.”
Partisia Blockchain’s latest MOCCA product addresses the limitations of inflexible and centralized custody solutions, offering genuine decentralization while providing full programmability. This is especially beneficial for institutions, decentralized autonomous organizations (DAOs), wallet providers and exchanges seeking trustless collaboration on securing digital assets.
The fully programmable nature of MOCCA’s custody smart contracts enable policies such as the addition or removal of signers, modification of threshold signature schemes and voting powers, integration of NFTs with special permissions, implementation of specific rules for transaction categories and much more.
Users can choose to bridge assets to Partisia Blockchain or secure assets on their preferred blockchains, offering flexibility and choice. Deployment is swift and cost-effective, directly on-chain, with customizable templates and tools. The MOCCA solution is designed to be blockchain agnostic, relying on MPC technology independent of protocol support.
Backed by 35 years of MPC research, Partisia Blockchain’s newest MOCCA solution ensures security and compliance. Advanced features, such as off-chain signing and key decentralization contribute to safeguarding substantial funds against potential threats. Public blockchains enable automatic key rotation and adjustable transparency levels, ensuring robust protection against attacks. Partisia Blockchain’s MOCCA goes beyond standard custody offerings by introducing security-audited standard policies and allowing for arbitrary code logic.
MOCCA deploys on public blockchains where its code and state are visible. However, key shards are exclusively generated and stored by users or MPC clusters, and then submitted to the decentralized MPC protocol. This allows participants to actively engage in governance and sign transactions directly on-chain—a significant advantage over commonly used TSS protocols, which are challenging to modify once deployed.
MOCCA Roadmap
Partisia Blockchain’s MOCCA represents a paradigm shift in custody solutions, offering unparalleled decentralization, security, ease and programmability. The solution is poised to meet the diverse needs of institutions and organizations navigating the complexities of managing digital assets in today’s dynamic landscape.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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The second day is a wrap! Today’s programming in Davos was all about digital assets, and we attended a thought-provoking session on research and development (R&D). Today’s themes were as follows:
Trust, and rebuilding it, is one of World Economic Forum’s 2024 themes, and one of our focuses at Partisia Blockchain. Today, our co-founder Brian Gallagher participated in the panel about the sustainability of the recent growth in crypto. Panelists spoke specifically on building decentralized trust networks and how these work around data protection—something at the heart of our multiparty computation (MPC) approach to facilitating transactions of all kinds, whether votes, permissions, or digital assets. They made the relevant points that for maturing industry trust between multiple parties, privacy of each party and an infrastructure that can facilitate that is vital for the long-term growth.
An important, related, issue to trust and data protection is risk management, especially for crypto assets. Again, as on the first day, regulation took center stage and the vital role it plays in managing risk in digital assets markets and protecting market participants. The feeling was that each party bears the responsibility in a healthy, sustainable and inclusive market environment.
The thread up until now in our presence at Davos seems to be how technology can be used to make essential financial and other processes more efficient and safer while mitigating risks. We attended WEF’s sessions on technology’s role in addressing air pollution and innovations disrupting research and development (R&D). We also attended the Wall Street Journal’s session on artificial intelligence (AI) and its risks. And here again we saw ample room for blockchain technology to improve processes in a way that fits several use cases while minimizing risk. It truly has the potential to be the technology of the future. The feeling was of big corporates’ willingness to invest more in emerging technologies, such as blockchain, to increase transparency and mitigate potential risks.
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We kicked off the first day in Davos during the World Economic Forum (WEF) with the first day of the inaugural Crypto2030! It is an honor to be a 2024 Edition Sponsor and unite with many important organizations from all over the world to advance the Web3 space. Especially during the WEF. A gathering attended by thousands from governments, non-governmental organizations (NGOs), and leading businesses and technology firms with more than 200 sessions and countless meetings.
Let’s dive into the first day’s blockchain-related themes.
Regulations everywhere are on the rise. Panelists today covered the landscape and what the future has in store. Discussions touched on Europe’s recent Markets in Crypto-Assets Regulation (MiCA), and actions by supervisory and governing bodies like Singapore’s Monetary Authority (MAS), Switzerland’s Financial Market Supervisory Authority (FINMA), and the Financial Action Task Force (FATF). In short, key infrastructure, such ours, will be key in increasing security, privacy and transparency for all market participants alike.
Taking in the decentralized finance (DeFi) ecosystem in its entirety was also prominent. This developing ecosystem can increase trust and reliability, something close to our hearts at Partisia Blockchain and, coincidentally, a key theme of the WEF – “Rebuilding trust”. Participants discussed everything from liquidity and risk management, lending protocols, derivatives, and how DeFi is disrupting traditional finance. The feeling was that trustless technology might be one of the solutions to regain trust.
The third theme was tokenization, which has the potential to transform the financial landscape as it can be applied to a range of assets. At the center of this is blockchain technology, which drastically simplifies the process of issuing securities. Participants demystified tokenization, telling how tangible assets can be tokenized, ownership proved and the benefits of immutable records.
We also had a very productive day speaking to leaders and we attended an engaging WEF session on the role of openness in science while taking on questions of trustworthiness and bias. From the discussions, we were further convinced the key role blockchain infrastructure can not only play in boosting trust, but in supporting science’s core tenants of reproducibility and collaboration.
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The need for a decentralized exchange (DEX) with a sealed bidding inspired the first practical application of the multiparty computation (MPC) technology, which was theorized some 20 years earlier. Partisia addressed the urgent need to reallocate production rights among sugar beet producers in Denmark in 2008. Fifteen years ago, Danisco, the sole Danish sugar producer, recognized the value of the MPC-based DEX solution and created a stepping stone leading to the creation of Partisia. Over the years, Partisia and, later, Partisia Blockchain expanded their offerings based on the MPC technology, developing secure auctions for the telecom and energy sectors, key management for general use and data analytics that forms a new beginning for the data economy.
A broad vision of MPC’s potential to improve resource allocation across various sectors, Partisia Blockchain’s focus on data, encompassing encryption keys, crypto assets, online identities, health records and more remain central to its appeal. In a world of large data, Partisia Blockchain champions decentralizing transparency, confidentiality and preserving privacy. Thus, transforming the data economy and to empower individuals to control their data and foster a new era of data ownership.
Looking further ahead, Partisia Blockchain envisions further advancements based on the MPC technology, including exploration into quantum computing, where the combination of MPC and blockchain may be instrumental for secure outsourcing to quantum computers. In 2024, MPC technology will transcend its niche status and become a fundamental technology that underpins the secure and collaborative digital future. The below list highlights the diverse and transformative impact MPC will have across various industries in 2024 and beyond, safeguarding privacy and revolutionizing the way we handle sensitive data.
Mainstream integration: MPC technology will become a mainstream term as more industries and businesses adopt this technology to secure sensitive data. From finance to healthcare, MPC will be a pivotal player in safeguarding digital assets and privacy as privacy protection becomes central in legislative, corporate and user environments.
More secure decentralized identity solutions: MPC will play a pivotal role in shaping decentralized identity solutions. In 2024, individuals will have greater control over their digital identities, reducing the risk of identity theft and enhancing overall online security.
MPC in blockchain networks: More blockchain networks will integrate MPC protocols to enhance privacy and security. This integration will not only bolster the confidentiality of transactions but also contribute to the overall scalability and efficiency of blockchain platforms.
Quantum-ready MPC: Acknowledging the future potential of quantum computing, the right type of MPC solutions are already quantum-resistant. Partisia Blockchain’s exploration into quantum computing will pave the way for an integration of MPC with quantum technologies, future-proofing the security of data transactions.
Growth in financial sector adoption: Financial institutions will lead the charge in implementing MPC solutions to protect sensitive financial transactions and customer data. Expect to see a surge in MPC-powered secure enclaves for financial data processing.
Faster and more ethical healthcare research: The healthcare industry will witness a paradigm shift with MPC, as medical researchers and institutions leverage its capabilities for secure collaborative research without compromising patient privacy. This will expedite the development of breakthrough treatments and therapies.
Expansion of scalable DeFi beyond blockchain and crypto: DeFi will continue evolving beyond the blockchain industry. MPC based solutions will help address financial inclusion challenges, as well as scalability and front-running, leveraging advanced encrypted computation and collaborative solutions, with an emphasis on financial inclusion, regulatory compliance, and interoperability.
Edge computing security: As edge computing becomes more prevalent, MPC will be at the forefront of ensuring secure computations at the edge. This will be particularly crucial in industries such as IoT, where data are secured and processed locally.
Standardization initiatives: International standardization bodies will actively work on establishing industry-wide standards for MPC implementations. This will lead to interoperability among different MPC solutions and foster a more cohesive and secure digital ecosystem.
AI and machine learning acceleration: The marriage of MPC and artificial intelligence/machine learning will see unprecedented growth. Privacy-preserving machine learning models, trained collaboratively across different parties without revealing individual datasets, will become the new norm, fostering innovation in AI research and applications.
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ZUG, 8 JANUARY 2024. Partisia Blockchain’s advanced multiparty computation (MPC) technology powers the world’s first zero-knowledge cross-chain decentralized exchange (zkCrossDex), developed by TeraBlock. The monumental innovation was made possible thanks to the Partisia Blockchain Foundation’s grants program. TeraBlock’s zkCrossDex, elevated by MPC, ensures transactional privacy and addresses the critical front-running issue in decentralized finance (DeFi).
This integration sets a new standard in transactional efficiency and security within the DeFi sector. TeraBlock’s zkCrossDex aims to make DeFi more accessible, secure, and efficient, contributing to a more inclusive financial ecosystem.
The MPC-powered zkCrossDex seamlessly connects disparate blockchain networks and serves as a standard-setter of interoperability, enabling fluid asset swaps and liquidity flow across diverse ecosystems. Users gain unprecedented access to a wide array of assets and markets, representing a transformative development in the DeFi landscape.
Brian Gallagher, Partisia Blockchain Co-Founder, says:
“Together with TeraBlock, we are bringing a newly developed execution platform for DeFi to real-life use. This will address a few recognized weaknesses with one of the most popular DeFi solutions – automated market makers (AMM). The Partisia Blockchain is designed for scalability, interoperability and privacy and the framework uses all of these to improve AMMs.”
Addressing the complexity hindering mass adoption in DeFi, TeraBlock’s MPC-powered zkCrossDex removes barriers with its intuitive interface, making DeFi accessible and user-friendly – in line with Partisia Blockchain’s ethos of making DeFi more financially inclusive.
Shivam Tandon, Founder and CEO at TeraBlock, says:
“Our zkCrossDex is carefully designed to aggregate liquidity across multiple chains, addressing a pivotal challenge in DeFi and made possible by Partisia Blockchain’s MPC technology. The initiative strategically moves towards a more fluid and interconnected DeFi ecosystem, aiming to revolutionize liquidity management for a seamless and efficient market experience.”
The MPC-backed zkCrossDex represents a significant step towards a secure, more inclusive and technologically advanced DeFi ecosystem. Both Partisia Blockchain and TeraBlock are committed to making DeFi accessible to all, contributing to an equitable and efficient financial ecosystem.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
About TeraBlock: TeraBlock is a well-established cross-chain interoperability protocol and a DeFi infrastructure-as-a-Service provider focused on revolutionizing the decentralized finance (DeFi) space. TeraBlock is committed to creating innovative solutions that make DeFi accessible, secure, and efficient for users worldwide.
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As we step into the promising 2024, we are thrilled to announce our presence in Davos during the World Economic Forum (WEF) from 15th to 19th January 2024. This global gathering of thought leaders, policymakers and visionaries provides the perfect backdrop for us to share groundbreaking insights, forge strategic alliances and shape the path ahead for our blockchain.
We are excited to invite you to meet the team in Davos, providing an opportunity to engage in insightful conversations, explore collaborative possibilities and gain a firsthand understanding of our vision for the future of blockchain. Our delegation includes:
If you are interested in exploring the growth of our technology and blockchain click here to schedule your exclusive meeting with Shirly Valge and our delegation.
We are excited to unveil exclusive news on the ground in Davos. You can look forward to announcements that will reshape our ecosystem, forging new partnerships and opening doors to new possibilities with our technology.
We look forward to meeting you in Davos, where we anticipate engaging discussions! Stay tuned for more updates on our Davos meet-up – your participation promises to make it an event to remember.
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The year 2023 marked an extraordinary chapter, with Partisia Blockchain achieving significant milestones and goals, particularly in the realm of multiparty computation (MPC) and privacy preservation. In 2024, our focus shifts to a broader outreach – connecting with those who are integral not just to our growth but to its very architecture, relying on our infrastructure. Watch our year-end review featuring various team members.
The introduction of the Bring Your Own Coin (BYOC) framework, allowed the community to propose and vote on diverse tokens for transaction fees, with ETH, Polygon USDC, and BNB as initial additions with more to come in 2024. Jurisdiction management 1.0 has been launched, enabling developers to stay compliant with data regulations, such as the GDPR. We have also introduced the Partisia Blockchain “Browser” for enhanced MPC20 and BYOC token management, along with more flexible staking rulesets for easier node provider staking. Additionally, our MPC technology is revolutionizing elections with the unified public and private voting system, showcased at the Paris Blockchain Week Awards through Parti.com, ensuring accurate, private, and transparent elections on the Partisia Blockchain.
In 2023, Partisia Blockchain forged groundbreaking partnerships and achieved notable milestones. The integration with MetaMask Snaps in September marked a pivotal moment, enhancing user experiences for over 100 million individuals and enabling seamless transaction signing. This milestone supports the development of innovative cross-blockchain solutions such as BYOC and MPC-as-a-service, with plans to onboard USDT and MATIC through the Hermes bridge.
In collaboration with HES-SO Valais-Wallis, Partisia is pioneering a decentralized e-ID system in Switzerland, aligning with Swiss values of privacy and addressing concerns over the e-ID Act. The launch of the first dApp, Blockchain-Ads, on the Partisia mainnet signifies a commitment to user empowerment and privacy, utilizing multiparty computation (MPC) for data monetization aligned with privacy preservation. Additionally, Partisia Blockchain introduced Parti.com, a groundbreaking platform for content creators, leveraging Web3 and cryptocurrency for monetization and eliminating third parties from the monetization process, fostering a direct peer-to-peer network for creators and consumers.
In the second half of 2023, Partisia Blockchain launched a Grants Program, distributing over 2 million $MPC tokens (valued at US$1 million) to innovative figures in the blockchain sector. Setting itself apart from other privacy blockchains, Partisia’s secure MPC technology enables regulatory compliance, auditability, and diverse use cases, addressing challenges such as MEV attacks and safeguarding DAO voting integrity. Amid unpredictable market conditions, the Partisia Blockchain ecosystem thrived, attracting over 100 new leads and onboarding more than a dozen robust projects in 2023.
In 2023, Partisia Blockchain made significant strides in the blockchain industry, featuring prominently at key events. Notable highlights included a private voting demo at Paris Blockchain Week, emphasizing innovation and privacy. At Token2049, vital discussions with potential collaborations, while sponsoring the IoTex event showcased an interoperability model. Participation in CV Summit facilitated networking with established organizations, and D3 Bahamas saw insights from Shirly Valge on institutional hurdles in Web3 adoption. Additionally, engagements with Blockchain Association Singapore, Cardano Summit 2023, Google Web3 Is Happening, and Next Block Expo in Berlin further solidified Partisia Blockchain’s presence and partnerships in the blockchain landscape.
In a November rebranding, Partisia Blockchain revealed a new visual identity, reflecting our commitment to transforming enterprise blockchain and individual privacy. The updated website features dedicated sections for privacy-focused projects, and the new logo emphasizes people-centric innovation. This refreshed brand identity aligns with our mission for real-world adoption across various sectors, inviting exploration of the expanding ecosystem and the transformative potential of MPC technology for privacy-driven blockchain solutions on our website.
In 2023, Partisia Blockchain witnessed substantial team growth, strategically expanding its leadership to drive innovation and community engagement. In spring, Bakyt Azimkanov assumed the role of Head of Communications, contributing extensive experience from the Cardano Foundation in strategic communications. Simultaneously, Tiago Serôdio joined as the Head of Community, leveraging over a decade of experience, notably from his role at the Cardano Foundation. In October, Shirly Valge became our Chief of Growth, bringing a decade of disruptive technologies and business development expertise. Mathias Glintborg was appointed as Head of Product, overseeing MPC and blockchain solutions for DeFi, data sharing, and digital identity. Finally, Maria Cocu and Alexander Pombo joined as Community Growth and Engagement Associate and Adoption Officer, respectively, enhancing outreach and fostering connections within diverse sectors, demonstrating Partisia Blockchain’s commitment to leadership excellence and top-tier talent acquisition.
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As we reflect on the closing chapter of 2023, Partisia Blockchain reviews a month of exciting milestones and success. From the exciting MPC token listing to our new assets in our BYOC portfolio, this recap provides an insider’s view into team expansions, and exciting community developments. Explore our commitment to sustainability and our leadership’s insights into Web3 technologies at the Next Block Expo. This December’s review is packed with exciting news, exclusive interviews, and a glimpse into our thriving ecosystem – all pointing towards a promising start to 2024!
In December 2023, four listing venues have either completed or are in the final stages of technical integration with the Partisia Blockchain. The MPC token is one step away from being listed once the MPC token transferability is enabled. This step is a crucial milestone in the Partisia Blockchain journey. Furthermore, several other listing venues have initiated the integration process. The collaboration with these exchanges underscores the growing interest and recognition of the value that Partisia Blockchain and the MPC token bring to the market. While the final decision to list completely lies with the venues, all efforts towards an optimal listing in 2024 are underway.
Partisia Blockchain will be in Davos during the World Economic Forum (WEF) during 15-19 January 2024. Our delegation will hold meetings with key partners and future collaborators on the sidelines of the 54th WEF, conduct press interviews, deliver keynote addresses and participate in various panel discussions. Follow our channels to stay tuned for all the action from Davos.
In December 2023, we celebrated two key milestones: the 15th anniversary of Partisia and the 35th jubilee of the multiparty computation (MPC). Fifteen years ago, the value of the MPC-based decentralized exchange (DEX) solution was recognized and it was a stepping stone leading to the creation of Partisia on 16 December 2008. Over the years, Partisia and, later, Partisia Blockchain expanded their offerings based on the MPC technology, developing secure auctions for several sectors, key management for general use and data analytics that forms a new beginning for the data economy. Watch our special edition, Partisia at 15, with our co-founders to know more about the journey to date and future plans.
The last month of the year witnessed another major jubilant – the multiparty computation’s 35th anniversary. In 1988, the global academia was introduced to MPC. The paper written by Professor Ivan Damgård turned many heads in the research community. A PhD student in Jutland was the talk of the academic world. And years later, his theories met the practical implementations. Watch our exclusive feature, MPC at 35, with none other than Professor Damgård, one of the most quoted and published cryptography researchers.
In December 2023, Maria Cocu joined the team as Community Growth and Engagement Associate and Alexander Pombo appointed Adoption Officer. These hires further fortify our commitment to outreach within the broader community, state institutions and regulated corporate sectors. Get to know more about our newest team members in this Q&A. Maria and Alexander are also tasked to geographically broaden our reach, starting with the Spanish-speaking world. Recognizing his expertise and outstanding leadership, Mathias Glintborg was promoted to Head of Product. More appointments will be announced in the new year.
As COP28 in Dubai marked 28 years of impactful initiatives, Partisia Blockchain showcased its commitment to sustainability. Our operations are rooted in Environmental, Social, and Governance (ESG) principles and the United Nation’s Sustainable Development Goals (SDGs). Our co-founder Brian Gallagher’s conversation with BlockchainReporter sheds light on our role in reshaping Web3 for sustainability. From private voting to preventing front-running in decentralized finance, our solutions drive tangible positive impacts. Explore the synergy of sustainability and blockchain through our commitment here, and read the exclusive interview with Brian Gallagher here.
At the recent Next Block Expo in Berlin, our Chief of Growth, Shirly Valge, took center stage. Diving into the realms of Web3 discovery, Shirly discussed the exceptional benefits of decentralization, blockchain, DID and MPC in a captivating keynote and panel discussion. The event provided a platform to share our insights on the incredible potential of these technologies. You can catch up on an exclusive interview here, stay tuned for more video highlights on our social channels.
In December 2023, we announced a decentralized exchange (DEX) building on Partisia Blockchain. TeraBlock is building a unique DEX based on our transformative technology to enable a DEX that guarantees price and eliminates losses for liquidity providers. Metanames is also ready to launch. In January 2024, the community will get a chance to get involved in the launch of the first ever cross-chain naming service.
Our hackathon is moving along well, with more than 450 applicants and seven submissions already. The sixth quarter bootstrap rewards have been computed and will pay out 2.1 million MPC tokens to our stakers. This is another increase from the previous quarter where we paid out 1.6 million tokens. The node operators voted to approve onboarding of the MATIC and USDT Eth tokens to the BYOC portfolio. These two new assets will be available on our cross-chain bridge in January 2024. And the wBTC proposal is scheduled for early next month.
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ZUG, 4 DECEMBER 2023. Partisia Blockchain announces the appointments of Maria Cocu as Community Growth and Engagement Associate and Alexander Pombo as Adoption Officer, further fortifying our commitment to outreach within the broader community, state institutions and regulated corporate sectors.
Maria Cocu, a professional with experience in the Web3 space, assumes the newly created role. Her background prior to Partisia Blockchain includes impactful contributions to diverse blockchain projects encompassing marketing, product development, community management, client relationships, branding and analytics. Prior to her entry in the blockchain industry, Maria served as a language tutor and a model in Spain.
In her capacity as Community Growth and Engagement Associate, Maria will leverage her Web3 expertise to build communities and provide guidance on effective methodologies. Drawing from her experience in client relationship management, community building and digital marketing—including the successful execution of IDO platform marketing campaigns—Maria is poised to connect users with innovative solutions, foster community growth and extend our geographic reach.
Maria’s academic credentials include a double degree in Marketing and Tourism from the King Juan Carlos University in Madrid, complemented by credentials in coding and responsive web design.
Kurt Nielsen, PhD, President of Partisia Blockchain, says:
“This year, we have significantly bolstered our team, introducing a range of new skill sets to manage our growth. The addition of Maria and Alexander, with their diverse skills and experiences, will help propel Partisia Blockchain toward enhanced adoption and focused growth. These appointments solidify our standing in the Web3 industry, and both Maria and Alexander will play roles in driving our values and sustained expansion.”
Alexander Pombo, joining as Adoption Officer, brings experience in startup ventures and entrepreneurship within highly regulated industries, including the cannabinoids market and state services. With a focus on bringing public sector institutions, regulated corporates and Web2 organizations into the Partisia Blockchain ecosystem, Alexander draws on his research into the application of blockchain and multiparty computation (MPC) technology in e-voting for his Master’s thesis.
Alexander holds a Master’s and Bachelor’s degrees in Political Science from the University of Geneva and the University of Zürich, respectively, and a minor in Slavic Language and Literature Studies. He also possesses a Russian Language certificate from the Moscow State University and the Russian State University for the Humanities.
Partisia Blockchain extends a warm welcome to Maria and Alexander, anticipating their contributions to our continued growth and success. These appointments underscore our dedication to expanding our reach and strengthening our outreach efforts.
As we forge ahead, Partisia Blockchain remains committed to advancing the adoption of Web3 technologies and fostering meaningful collaborations with state entities, enterprises, and regulated corporations. Maria Cocu and Alexander Pombo’s skill sets align seamlessly with our vision, positioning Partisia Blockchain for sustained success in the dynamic landscape of blockchain innovation.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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November has been another busy month as we prepare ourselves to wrap up a successful year. This month featured our monumental rebranding – the #NewPartisiaBlockchain, a groundbreaking partnership revolutionizing Swiss digital ID management, the launch of our first dApp on the Partsia mainnet, our inaugural online hackathon, and key highlights from prominent industry events. Explore how we are shaping the future of privacy-driven blockchain solutions and more.
Partisia Blockchain has undergone a monumental transformation, unveiling a fresh brand identity signaling a pivotal moment in its history. Our rebrand signifies more than a visual overhaul—it is a testament to our commitment to revolutionize enterprise blockchain and individual privacy.
Our revamped website is your gateway to a reimagined experience. Explore sections dedicated to ecosystem projects, embodying our focus on privacy-conscious innovation. The new logo symbolizes our commitment to people-centric innovation, emphasizing transparency, accessibility and human empowerment at the core. This refreshed brand identity underscores our mission to prioritize real-world adoption through practical applications, attracting interest across sectors like government, healthcare, and finance.
We invite developers, enterprises, and the community to explore our expanding ecosystem, experiencing firsthand the transformative potential of MPC technology in shaping the future of privacy-driven blockchain solutions. We encourage you to check out the #NewPartisiaBlockchain on our website and share your thoughts with us, as your feedback is invaluable in shaping our journey toward a more inclusive and impactful blockchain ecosystem.
Partisia Blockchain and HES-SO Valais-Wallis are poised to transform the management of digital identities for Swiss citizens. This partnership aims to develop a decentralized electronic identity system in line with the Swiss Federal Council’s commitment to data privacy and security.
This effort is a significant leap toward redefining digital identity management in Switzerland, and aims to empower individuals with control over their personal data, ensuring a future where privacy and security are not compromised. The primary objective is to define the architecture for a self-sovereign identity (SSI)-based electronic identity (e-ID), creating a minimum viable product (MVP) and seamlessly integrating it into a public administration portal.
The SSI solution empowers citizens by enabling them to wield credentials issued by public administrations in mobile applications, offering the autonomy to select the data they disclose when accessing services.
A dApp is live in Partisia Blockchain! We were excited to announce and introduce Blockchain-Ads as the first dApp to go live in mainnet. A unique application empowering users to own their personal data and allowing the monetization of it through MPC. You can read more about them here, or even better, install their “Web3 Cookie“.
We announced the launch of our first online hackathon, challenging all developers to build differently on Web3. Running for two months, we are excited to see what developers will come up with using our unique infrastructure. Share the news with developers that you think are looking for a new challenge.
We recently joined Blockchain Association Singapore and showcased our technology in a curated invitation only event. More details of the event can be found here. While in Singapore, we also took part and sponsored the PET Summit. We had a chance to meet with industry experts and participate in roundtables and a panel discussion to demonstrate our expertise in privacy enhancing technologies. In addition, we connected with some leads, watch the video recap here.
A lot of potential synergies were discussed at the Cardano Summit 2023 in Dubai. We met our friends from the Cardano Foundation and EMURGO. Partisia Blockchain and Partisia teams established mutually beneficial touch points, which hopefully will result in something tangible. Stay tuned for more.
On the first weekend of November the political and business worlds gathered in the French capital for the sixth Paris Peace Forum. At the Forum, we spoke with senior officials and executives, establishing new relationships and discussing the potential of blockchain and MPC technologies. Partisia Blockchain was the only blockchain invited to attend. We were also thrilled to be in Stockholm at the Web3 Is Happening event last month with Google Cloud and ChromaWay. Shirly Valge nailed it on the panel talking about the search for the next killer app in Web3.
We announced the launch of our new bridge interface. All functionality is moving into the Partisia Browser and the new bridge function was launched. Please find more details here. In December 2023, will include voting for MATIC, USDT and wBTC tokens to be added to the BYOC bridge. More to come!
In November 2023, we introduced the Partisia Blockchain dApp Playground, a robust toolset for developing, deploying and debugging smart contracts on Partisia Blockchain. Designed for both public and private ZK smart contracts, Playground seamlessly accommodates developers’ needs for both public and private MPC computation on testnet and mainnet. It includes challenges and guides to get started fast. And with two frontends included, it is easy to visualize interactions with the contracts of your web application. With a one-click frictionless setup process, it offers a versatile and intuitive GitHub Codespace suitable for beginners and professionals. Elevate your blockchain development experience with the Partisia Blockchain dApp Playground!
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We are thrilled to announce the launch of our groundbreaking hackathon, Building privacy in Web3 powered by Partisia’s MPC. This exciting event brings together innovators, creators and tech enthusiasts to collaborate on solutions that prioritize privacy, security and ethical data practices.
At the heart of our hackathon is the belief in technology for the greater good. The solutions birthed from our hackathon will not only revolutionize data security, but also serve the world by adhering to the highest ethical standards. Each innovation contributes to positive societal impact, empowering the next generation of data security experts. We are committed to showcasing how these solutions address privacy concerns and shield individuals from harmful activities, such as data theft. Moreover, these showcases will later fuel educational workshops and webinars, sharing insights for a safer digital future.
Join us in using the power of technology for good. Be part of the movement, amplify the message and let’s build a more secure Web3 together.
Link to apply: https://partisiablockchain.devpost.com/
Submission deadline: 30 January 2024
Winner announcement: 13 February 2024
Do not forget to tag us and use these hashtags: #BuildingPrivacyInWeb3 #PartisiaBlockchain #MPC
Stay tuned for more updates as we highlight participating teams and showcase the incredible innovations shaping the future of privacy in Web3.
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ZUG, 27 NOVEMBER 2023. In a groundbreaking collaboration, Partisia Blockchain and the University of Applied Sciences and Arts Western Switzerland (HES-SO Valais-Wallis) are poised to transform the management of digital identities for Swiss citizens. This partnership aims to develop a decentralized electronic identity system in harmony with the Swiss Federal Council’s unwavering commitment to data privacy and security.
This collaboration marks a significant leap toward redefining digital identity management in Switzerland. The joint project aims to empower individuals with control over their personal data, ensuring a future where privacy and security are not compromised.
The primary objective of this project is to define the architecture for a self-sovereign identity (SSI)-based electronic identity (e-ID), creating a minimum viable product (MVP) and seamlessly integrating it into a public administration portal.
The SSI solution empowers citizens by enabling them to wield credentials issued by public administrations in mobile applications, offering the autonomy to select the data they disclose when accessing services. Central to this innovation is the blockchain technology, with Partisia Blockchain at the forefront, introducing a fast, sustainable, and privacy-centric blockchain solution.
Kurt Nielsen, PhD, President of Partisia Blockchain, says:
“Our aim is to place control firmly in the hands of individuals, allowing them to become the ultimate custodians of their personal information. This approach not only enhances privacy but also elevates the level of security that individuals can expect from digital identity management.”
Partisia Blockchain, known for its proficiency in zero-knowledge and private smart contracts, provides a platform where individuals exercise absolute control over their personal data. This decentralized system ensures that the individual is the ultimate owner of their information, setting a new standard in privacy and security.
Jean-Luc Beuchat, Professor at HES-SO Valais-Wallis, says:
“We are thrilled to introduce our SSI solution, designed to provide a simple, secure, and open-source approach to digital identity management. Its versatility makes it ideal for a wide range of applications, from government-issued e-IDs to humanitarian aid initiatives. Our scalable solution can be seamlessly adapted to meet the unique requirements of diverse organizations.”
In response to the rejection of the Federal Act on Electronic Identification Services (e-ID Act) by Swiss citizens in March 2021, the Swiss Federal Council promptly recommended Parliament to approve six motions addressing citizens’ concerns and proposing a new e-ID Act. This led to the drafting of technical solutions by the Federal Office of Justice (FOJ), including the discussion paper on the target vision for an e-ID in August 2021. The paper outlined three technical approaches: a state identity provider, a public-key infrastructure, and self-sovereign identity (SSI). Opting for the latter approach, the Federal Council is in the final stages of concluding consultations before the year’s end.
The solution developed by Partisia Blockchain, DuoKey and HES-SO Valais-Wallis is slated for presentation to the Swiss Federal Department of Justice before Christmas. Emphasizing its various benefits, including non-disclosure of personal information, data usability for statistics and planning without revealing personal information, and its compliance with Swiss legislation, this solution aligns seamlessly with the vision outlined by the Swiss Federal Council.
The Partisia Blockchain and HES-SO Valais-Wallis’ joint solution is a pivotal moment in reshaping digital identity management in Switzerland, emphasizing a commitment to privacy, security, and a decentralized approach. The joint efforts aim to echo the Swiss regulations of data governance, prioritizing individual empowerment and stringent privacy measures.
The system relies on verifiable credentials (VCs) to ensure secure and privacy-preserving authentication along with SD-JWT selective disclosure. Managed through smart contracts deployed by a universally trusted governance framework, citizens can securely log into various web portals using these credentials. Supported by proven cryptographic techniques, this system maintains data integrity and privacy, ensuring a robust digital identity management solution.
Energy efficiency, scalability, and security have been at the core of our solution as well. Partisia Blockchain not only offers a sustainable choice but also ensures the scalability needed to accommodate any number of users while upholding the highest standards of security.
The collaboration between Partisia Blockchain, DuoKey and HES-SO Valais-Wallis marks a pivotal step forward in digital identity management in Switzerland, particularly in the context of the broader European landscape where projects, such as the European Union’s e-ID, are sparking discussions about privacy and data security. By focusing on an SSI-based e-ID and utilizing zero-knowledge and private smart contracts, this solution aims to empower individuals with unparalleled control over their personal data. This approach not only ensures robust privacy and security, but also sets a new standard in digital identity management, highlighting user empowerment and a commitment to a decentralized framework.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
About HES-SO Valais-Wallis: HES-SO Valais-Wallis, a pioneering institution, hosts eleven Bachelor’s degree and three PEI study programs, and houses nine research institutes. It stands as a prominent hub fostering skills and innovation, meticulously grooming students for the professional realm. Enriching economic and social landscapes, this institution significantly contributes to job creation within the canton of Valais. With approximately 2,800 students, HES-SO Valais-Wallis comprises five distinct schools: the School of Art, School of Management, School of Engineering, School of Health Sciences, and School of Social Work.
About DuoKey: DuoKey is a cybersecurity company specializing in encryption and key management solutions. The company offers advanced key management services and double key encryption systems designed to provide unparalleled data protection across cloud and hosted applications. DuoKey primarily serves industries requiring high levels of data security, such as financial services, healthcare, and government sectors. It was founded in 2020 and is based in Lausanne, Switzerland.
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ZUG, 20 NOVEMBER 2023. Blockchain-Ads, the trailblazing solution for Web3 brands seeking to connect with their ideal audiences, is set to make history as the first-ever advertising platform to go live on Partisia Blockchain’s revolutionary blockchain. This partnership is poised to reshape the advertising industry, offering unprecedented opportunities for Web3 brands to reach their target audiences efficiently, effectively, and with uncompromising privacy.
The Web3 landscape has faced a longstanding challenge: the struggle to engage with their desired customer base. Traditional advertising networks have often imposed restrictions on crypto-related promotions, leaving many brands underserved. Furthermore, existing crypto ad networks have failed to deliver the crucial capability of targeting users based on their on-chain behavior — until now.
Brian Gallagher, Co-Founder of Partisia Blockchain, says: “I have always been passionate about user-centric ads, even holding US patents for blockchain-based targeted advertising. My co-founders and I built Partisia Blockchain to bring this vision and capabilities to the market; disrupting the data economy as we know it today. Seeing Blockchain-Ads launch on Partisia Blockchain is both a technical milestone and a realization of our co-founders personal mission to put users first in digital advertising and the data economy.”
Blockchain-Ads, in close collaboration with Partisia Blockchain, has leveraged the innovative MPC and ZK technologies to create a secure, privacy-preserving, and cost-effective solution. This approach ensures that user data is processed securely while facilitating highly targeted advertising campaigns. It represents a monumental shift in digital advertising, preserving user privacy without compromising the integrity of user data.
Following a successful testnet launch in May, Blockchain-Ads launched Partisia smart contracts on the mainnet on 1 November 2023. This milestone marks the formal introduction of Blockchain-Ads to the digital advertising arena, offering a truly decentralized alternative to the conventional, centralized advertising industry.
Blockchain-Ads based on third party analytics is outperforming competitors tenfold in efficiency and effectiveness, offering Web3 brands a unique opportunity to achieve their advertising goals. With this revolutionary platform, brands can expect superior targeting capabilities that are unparalleled in the market.
Vlad Chejkov, Founder of Blockchain-Ads, says: “Our mission is crystal clear: to disrupt the conventional advertising industry and usher in a new era of decentralized, privacy-preserving, and cost-effective advertising. We are committed to redefining privacy and user control in the digital advertising landscape, with a solution specifically tailored to the needs of Web3 brands.”
Blockchain-Ads invites the world to witness the future of digital advertising on Partisia Blockchain’s blockchain, where privacy, efficiency, and effectiveness converge like never before.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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The following are the requirements and step by step process of how to bridge tokens into the Partisia Blockchain network.
Remember that in the Partisia Blockchain, other liquid tokens are used to pay for gas. To transact in the network, you need to bridge the supported tokens first.
For more detailed description of the steps, please review further below or watch the video:
Step 1: Go to https://browser.partisiablockchain.com and sign in using your MPC wallet
Step 2: After you sign in, choose “My account” on the left side and then choose BYOC
Step 3: Choose the token you wish to bridge and select Deposit (or withdraw to withdraw your tokens) Then sign into Metamask
Step 4: Enter the amount you wish to bridge and click on “Deposit”
Step 5: Sign the transaction in metamask and complete the transfer
If you run into any issues, please request for help in our community channels or submit a ticket in Discord.
Thank you for being a part of our community!
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ZUG, 8 NOVEMBER 2023. Partisia Blockchain, a trailblazer in the world of blockchain technology, has embarked on a transformative rebranding journey, fortifying its visual identity, logo and refreshing its website. This strategic initiative, a collaborative endeavor with the renowned Irish creative studio Big+Bold, was undertaken to solidify Partisia Blockchain for its upcoming launch and the establishment of pivotal partnerships, marking a seismic shift in the demand of blockchain technology for enterprise, institutions, and government entities.
The meticulous brand reappraisal has positioned Partisia Blockchain as the eminent destination for privacy-conscious organizations, poised to have a profound and enduring impact on the domains of enterprise blockchain and individual privacy.
The Partisia Blockchain website has undergone a transformation, signaling the imminent introduction of new features, the on-chain launch of projects, the diversification of our community, and a warm welcome to institutional users who are preparing to embrace the blockchain.
In an era of groundbreaking computational concepts, Partisia Blockchain’s new logo reaffirms our commitment to people-centric innovation, emphasizing the human dimension in our technological pursuits. This visual symbol serves as a beacon, guiding our path toward building solutions that resonate with and empower individuals at the core of our mission.
Kurt Nielsen, President and Co-Founder of Partisia Blockchain, says:
“Our new logo is more than just an emblem. It is a statement of our unwavering dedication to human-centered innovation. In a world of intricate technological concepts, our logo reminds us that our ultimate goal is to serve and empower people through our cutting-edge solutions. It is a symbol that encapsulates our mission and values, embodying the profound connection between technology and humanity. The new logo not only reflects the evolution of Partisia Blockchain but also underlines our commitment to transparency, accessibility, and innovation, placing people at the forefront of our brand identity.”
This refreshed brand identity serves to reinforce Partisia Blockchain’s unique position as an organization that prioritizes real-world adoption through practical use cases, empowering value creation through the twin principles of privacy protection and transparency.
Bakyt Azimkanov, Head of Communications at Partisia Blockchain, says:
“Our collaboration with Big+Bold has been an endeavor of mutual benefit, culminating in a comprehensive brand reappraisal that positions us seamlessly for our upcoming expansion and the anticipated surge in adoption. The significance of branding cannot be overemphasized; it is the linchpin for driving value and attracting institutional players to our ecosystem. We believe that our reimagined brand positioning will resonate across a diverse spectrum of users seeking privacy solutions, including government and public sector entities, healthcare and pharmaceutical corporations, financial services, and beyond.”
The refreshed visual identity not only underscores our unwavering dedication to our core mission but also reaffirms our commitment to establishing a Web3 infrastructure devoid of a single point of trust, enabling the secure use of both public and private information across all platforms. This unparalleled capability is fortified by our groundbreaking multiparty computation (MPC), a technology offering unrivaled privacy protection, interoperability, and scalability.
David Nurse, Managing Director at Big+Bold, says:
“Partisia Blockchain’s unique solution for preserving privacy sets it apart in the world of Web3 organizations. As a fourth generation blockchain harnessing groundbreaking secure multiparty computation (MPC) technology, the brand must effectively communicate its exceptional features, including innovation, interoperability, and scalability. Our overarching goal was to future proof Partisia Blockchain’s brand, ensuring it aligns seamlessly with its core mission and is fully equipped to lead the way into the future.”
Partisia Blockchain extends an open invitation to developers, enterprise users, and the broader community to explore our expanding ecosystem and experience firsthand the transformative potential of MPC technology.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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As the year is slowly approaching its end, the Partisia Blockchain team met in Aarhus, Denmark, to take stock and laser focus near-term plans. Throughout a week-long strategy meeting in the heart of Jutland, key actions were identified for the last quarter of this year and the first three months of 2024. With many plans in sight, the next three months promise to be busy.
As progress in the year continues, Partisia Blockchain is thrilled to introduce some new faces to our team, which promises exciting changes in October and November 2023.
We are delighted to introduce Shirly Valge as our new Head of External Relations and Partnerships. With an impressive background that includes a significant role at Velas Network, Shirly brings a wealth of experience and expertise to our team. Her primary focus will be on strengthening our partnership network, elevating our industry presence, and nurturing strategic alliances. This appointment underscores our ongoing commitment to leadership excellence and talent acquisition.
Say hello to Mathias Glintborg, who now heads our Technical Program Management as the Senior Technical Program Manager. Mathias, formerly the CTO at canow in Tokyo, comes with a proven track record of shaping innovative blockchain solutions. His responsibilities encompass overseeing secure multiparty computation (MPC) and enhancing blockchain solutions for areas like DeFi, data sharing, and digital identity. He also offers valuable insights on design and architecture to our development teams. Mathias plays a pivotal role in ensuring efficient project planning and execution.
As we look ahead, November promises more remarkable additions to our team and exciting community initiatives. The journey of Partisia Blockchain is ever-evolving, so stay tuned!
Let’s dive into a whirlwind of exciting events that took place this month:
Our journey started at CV Summit in Zug, Switzerland, which offered a unique networking experience. This event, different from the others we have attended, saw participation from well-established organizations. It was a testament to the industry’s maturity as we witnessed a shift from asset-driven ecosystems to real-world problem-solving. As partners of CV Labs, we secured a booth and connected with potential leads in supply chain, DAOs, and NFT-based property deeds management.
Heading south to EthMilan in Lombardy, Bruce Ahn our Head of Developer Relations participated in the first major Web3 conference and joined a panel discussion on DAOs. This felt like a great Web3 conference, highlighting ZK, DAOs, DeFi projects, and the importance of privacy. It was enlightening to witness the maturation of DAOs and explore the need for privacy in the space.
Our new Head of External Relations and Partnerships, Shirly Valge, excelled on a panel discussing institutional Web3 adoption. She shared valuable insights on how large financial institutions can embrace blockchain-based technology.
Sponsored by Partisia Blockchain, the Web3 MeshMeet event in Dubai was an opportunity to connect with industry leaders and foster crypto partnerships. Thanks to all the sponsors and those who joined us!
Chief Product Officer, Mark Bundgaard, and VP of Engineering, Jesper Gravgaard, had a fantastic meetup with the Cardano community in Japan. They were excited to discuss the ADA token bridge, MPC, and Partisia Blockchain’s future.
Mathias Glintborg attended the European Blockchain Convention in Barcelona, a celebration of Web3 innovation. It was heartening to see industry experts appreciating our contributions to privacy-enhancing technologies and blockchain infrastructure. The convention featured enlightening talks on topics such as privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG (Environmental, Social, and Governance) principles, and interoperability.
We held another successful Quarterly AMA on 9 October 2023. The leadership team discussed the latest developments and shared exclusive insights including details on our Metamask integration. Catch the replay of our Quarterly AMA on our YouTube channel and stay tuned on our channels for the next one!
Our first dApp is launching soon on Partisia Blockchain! Blockchain Ads is the first dApp to launch on mainnet in Partisia Blockchain. Click here to learn more about them and in the coming weeks we will provide more information on how to get onboarded and be rewarded for your data.
We are also participating in multiple events this month! From Cardano Summit in Dubai to PET Summit in Singapore to our online hackathon, which will be launched with DevPost, we have a packed schedule coming up in November. There is more in store so keep up to date with announcements in our social channels.
On the project front, we announced DelNorte that is working with multiple governments in Latin America and is now building on Partisia Blockchain. Learn more about them here on our Medium article and a video interview with the founder
The month of November is an important date for Partisia Blockchain Ambassadors. After meeting all the necessary regulatory requirements, the Partisia Blockchain Foundation is now able to distribute rewards to Ambassadors for their contributions to the advancement of our mission.
A lot of foundational groundwork has also been executed that will position the Partisia Blockchain’s Ambassador Program as the most advanced in its class.
The Ambassador Program, while technically still in the private alpha stage, is intended to transition to a public beta around Q2 2024. Stay tuned for more updates.
This month
Next month
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The European Blockchain Convention, held in Barcelona on 25-26 October 2023, was a celebration of Web3 innovation, attracting passionate individuals and organizations eager to shape the digital future. As an attendee, I had the pleasure of meeting numerous Web3 projects and industry experts who expressed genuine enthusiasm about Partisia Blockchain’s revolutionary applications of secure multiparty computation technology (MPC) and hybrid blockchains.
It was heartening to see how they not only appreciated our contributions to privacy-enhancing technologies and blockchain infrastructure but also wanted to continue the conversation, with the aim of becoming builders within our ecosystem.
The convention served as a testament to the collaborative spirit and shared vision of creating a more decentralized, user-centric digital world. Over these two days, attendees were treated to enlightening talks from some of the industry’s finest minds and exposed to game-changing topics such as privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG (Environmental, Social, and Governance) principles, and interoperability. In this recap, we will delve into the highlights of this groundbreaking convention and the key takeaways that promise to shape the future of Web3.
Privacy has always been a concern in the digital age, and the Web3 movement is no exception. At the European Blockchain Convention, it became clear that privacy is a fundamental pillar of the Web3 ecosystem. Discussions revolved around how blockchain technology and state-of-the-art cryptography such as MPC and fully homomorphic encryption (FHE) can offer users and businesses greater control over their data, preserve privacy and comply with regulations, while still being able to compute on it. Solutions that ensure data sovereignty while enabling secure and private computation were showcased, setting the stage for a future where privacy is not compromised for convenience.
Web3 is all about decentralization and putting control back in the hands of users. Building secure infrastructure is essential to achieving this goal. The convention brought together a diverse group of experts, infrastructure builders, and enterprises dedicated to creating scalable and decentralized networks with high performance and interpretability to other ecosystems. The discussions highlighted the vital role of infrastructure in the success of Web3 projects and the importance of continuous innovation in this field.
Web3’s potential goes far beyond digital currencies and non-fungible tokens. Real World Assets (RWA) are making their presence known, bridging the gap between the physical and digital worlds. Several projects showcased at the convention are pioneering solutions that enable the representation and transfer of real-world assets on blockchain networks. This innovation is set to revolutionize industries such as real estate, finance, and supply chain management by tokenizing assets and unlocking new opportunities for global trade and investment.
Digital identity is at the core of Web3’s promise to empower individuals in the digital space. Convention attendees learned how blockchain technology is redefining digital identity, putting users in control of their personal information. Projects focused on self-sovereign identity and decentralized identity management solutions are emerging as key players in the Web3 ecosystem. The discussions at the event explored the importance of identity ownership, the elimination of central authorities, and the protection of user data. Several identity projects showed great interest in the prospect of Partisia Blockchain’s MPC technology that can enhance digital identity with self-sovereign storage and private computation.
A significant addition to the conversations at the convention was the integration of ESG principles into Web3 technologies. Environmental, Social, and Governance factors are increasingly seen as essential components of sustainable and responsible business practices. Many Web3 projects and enterprises are actively incorporating ESG considerations into their strategies. This commitment to sustainability and ethical governance aligns with the broader global movement towards a more environmentally friendly, equitable, and responsible future.
One groundbreaking topic that garnered significant attention was the tokenization of carbon credits. Several Web3 projects are pioneering the digitization of carbon credits, which allows for more accessible and efficient trading and tracking of carbon emissions. By incorporating blockchain technology, Web3 is poised to revolutionize the way we combat climate change. This innovative approach facilitates transparency in carbon trading, encourages environmental responsibility, and furthers the cause of reducing carbon footprints.
Interoperability emerged as a pivotal theme at the convention, underscoring the need for different blockchain networks and Web3 projects to work seamlessly together. The Web3 ecosystem thrives when disparate platforms can communicate and transact with one another. Projects showcased solutions for cross-chain interoperability, allowing assets and data to flow freely between different blockchains. This interconnected Web3 infrastructure promises to unlock new levels of innovation and efficiency by fostering collaboration across the ecosystem.
The European Blockchain Convention in Barcelona was a testament to the growing momentum of the Web3 movement. With a keen focus on privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG principles, and interoperability, the event provided a snapshot of the innovations and solutions that are shaping the future of Web3.
As we move forward, these discussions and projects will continue to play a pivotal role in building a decentralized, user-centric digital world that addresses the challenges of today and paves the way for a brighter tomorrow. We were honored to witness the strong interest in Partisia Blockchain’s MPC technology and the desire of many projects to join our ecosystem, and we look forward to forging new alliances and innovations in the Web3 landscape.
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Guest blog from Anton Glotser, CEO of DelNorte
DelNorte is digitizing, tokenizing and monetizing bureaucratic processes. In governments and corporations bureaucracy is often time consuming, cumbersome and in the worst cases prone to corruption. Many governments and some corporations are still using the millenia-old method of pen and paper for bureaucratic processes. Our partnership with Partisia will help us modernize that process.
DelNorte solves the problem of security, transparency, frequency, efficiency, scalability, fidelity and friction. By converting physical documents to digital and storing them on the blockchain we solve about 95% of the problems associated with traditional paperwork. Not only does this greatly improve quality and security of the data, but our solution provides an unfathomable amount of ancillary benefits. Having guaranteed and secure real time data associated with physical assets, such as real estate deeds on the blockchain, makes the assets represented by these smart tokens significantly more valuable.
Working with Partisia Blockchain offers several notable benefits both for us and our clients. Partisia Blockchain utilizes cutting-edge cryptographic techniques like secure multiparty computation (MPC) to ensure that sensitive data remains confidential even while being processed on the blockchain. It addresses scalability challenges by enabling efficient computation and data processing. As we occasionally get requests for a variety of blockchains, Partisia accommodates us with their interoperability across blockchains and systems. Also dealing with governments security is a top priority for us. Partisia utilizes advanced cryptographic techniques to protect data and transactions. The last important point is our ability with Partisia to mold a variety of regulations and customization to specific use cases and business requirements.
We have contracts for pilot projects in El Salvador, Mexico and Honduras. Our most advanced and tested project is in El Salvador. There we have live transactions and are now expanding to other services like digital signatures stored on chain, and a national expansion for tokenized deeds and titles.
We also have a product called Kasas.io, it is a real estate search engine and marketplace that allows anyone to buy, sell, rent or invest in whole property or fractions of real estate remotely and completely legally in all of Latin America. In the places where we have a direct link to the government we can even perform 100% digital remote real estate transactions for purchase or sale, with digital NFT deeds and titles issued virtually on chain and recognized by the government as official. You can hop on a plane and buy a house mid-flight, and by the time you land in that country (El Salvador at the moment), you will already own the house.
DelNorte stock is registered and we are currently raising US$2 million for 20% of the company to fuel our national and international growth. We are in the process of expanding to about a dozen countries in Latin America but also into parts of the USA. We are expanding our tech stack and our private sector operations for automated real estate transactions. If you are interested in learning more about us or investing, please check us out on all social media at https://delnorte.io or for questions about investment email us at ag@delnorte.io
ZUG, 24 OCTOBER 2023. Partisia Blockchain appoints Mathias Glintborg as Senior Technical Program Manager. In this key post, Mathias will spearhead the oversight and coordination of adoption activities, with a primary focus on secure multiparty computation (MPC) and blockchain solutions for DeFi, data sharing, digital identity and more. His responsibilities also extend to providing advice on design and architecture to the builders on our chain.
Mathias brings a wealth of experience in the blockchain industry to his new role. Before joining Partisia Blockchain, he served as the Chief Technology Officer at canow in Tokyo. His contributions in his previous job were instrumental in defining the feasible technical scope, assembling tech teams, designing architecture and delivering cutting-edge blockchain infrastructure and associated services and products. Additionally, he founded and operated his consulting company in Shanghai, specializing in artificial intelligence (AI) and blockchain solutions, and collaborated with notable clients, such as Chiheal Biomed and OpenOcean.
In his current capacity, Mathias oversees the effective planning, execution, monitoring, and delivery of multiple adoption projects. His role is crucial in collaboration among cross-functional teams, ensuring seamless and efficient execution of activities, and maintaining project alignment for successful realization of goals. Mathias is tasked with establishing a robust KPI framework for project management, diligently tracking activities and progress across each project to guarantee their successful delivery. Furthermore, he manages adoption projects from inception to implementation, providing post-implementation support for sustained success.
Peter Frandsen, Chief Technology Officer at Partisia Blockchain, says: “With Mathias taking the reins of our technical program management, I have great expectations for Partisia Blockchain’s future. His impressive background in blockchain, coupled with his leadership acumen, promises to drive innovation and excellence. Mathias’s rich global experience uniquely situates him as a bridge connecting diverse markets and cultures. Together, we are poised to not only meet our objectives but also establish pioneering industry benchmarks, significantly influencing the trajectory of blockchain technology.”
Mathias spent nearly a decade in Asia, namely China and Japan, before joining Partisia Blockchain. His career included both technical and commercial roles, engaging with cutting-edge technologies, such as AI and blockchain, for various startups and enterprises. His distinctive experience at the intersection of business and technology uniquely qualifies him as a valuable asset in Partisia Blockchain’s adoption strategy. His expertise aligns with the organization’s vision, where individuals who can bridge the gap between business and technology drive projects to mainnet implementations, resulting in tangible achievements for Partisia Blockchain.
Mathias holds a Bachelor’s degree in Engineering from the Aarhus University (Denmark) and a Master’s degree in International Business from the Hult International Business School (USA and China). Hailing from Denmark, he also boasts credentials in big data, analytics, data science, AI.
Partisia Blockchain is excited to have Mathias Glintborg as Senior Technical Program Manager and looks forward to his contributions to our continued growth and success. His appointment marks a notable milestone in our journey toward achieving ambitious goals and sustaining our position as a frontrunner in the blockchain industry.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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Abstract: This blog presents a fully documented framework for DeFi solutions, such as “Automated Market Makers” (AMMs), on a highly scalable blockchain like the Partisia Blockchain. The framework guarantees fixed prices across independent liquidity pools and effectively addresses front-running with MPC.
Financial inclusion is at the heart of the original narrative that formed the beginning of blockchain and later Decentralized Finance (DeFi). The global financial crisis in and around 2008 revealed several weaknesses in traditional financial systems. The global financial crisis was part of the motivation behind the Bitcoin protocol creation. Although the challenges behind the global financial crisis were more significant than what immutable money could fix, it initiated and accelerated innovations that improved traditional finance and pushed to new horizons.
The very same crisis inspired the origin of Partisia. However, innovation was a different type of decentralized cryptography that was also designed to remove intermediates, which manage private information, such as sealed bids in financial markets. The initial work by Partisia was the world’s first Decentralized Exchange (DEX) with sealed bidding which went into commercial use in 2008.
The Partisia Blockchain established in 2020, is a combination and extension of these two narratives and provides a powerful encrypted computation network and tool set to continue fixing weaknesses in both Decentralized Finance (DeFi) and Centralized Finance (CeFi), as exemplified by the solution described in this blog.
DeFi is an important part of Web 3.0 and provides solutions that may most likely drive and enhance financial inclusion. This blog focuses on so-called Automated Market Makers (AMM) as a simple and decentralized way to exchange crypto assets. The core innovation behind AMMs is to conduct trading without direct interaction and matching of buyers or sellers of crypto assets. This significantly reduces the complexity of the market solution. Since the entire AMM solution is a set of smart contracts, the security model was also significantly improved as a genuinely decentralized trading platform.
Ethereum has been the most used blockchain platform for AMM solutions. And token bridges–as well as second layer blockchains–have broadened the uptake to other blockchain networks. Recent developments take this development one step further and run AMMs across independent blockchain platforms, i.e. cross-chain DeFi. This poses a set of new obstacles, such as the challenge of representing states (data and tokens) across independent blockchain platforms.
Another challenge preventing a simple copy-paste of the Ethereum model to sharded or cross-chain blockchains is the economics instilled into the Ethereum execution model. This is primarily the arbitrage opportunity coming from the “all or nothing” execution (atomic execution), as well as the sequential use of the entire AMM solution (one user at a time). With Uniswap (one of the most applied AMMs) for example, a user can swap asset A to asset B, and then swap asset B to asset C, and then potentially swap asset C back to asset A without other users interfering. Sometimes this set of swaps returns profit to the user. This type of arbitrage essentially for free since the public ledger allows anyone to constantly monitor the AMM solution. This is, however, only feasible due to the atomic execution and sequential use of the AMM solution, and cannot be transferred to a sharded blockchain or to cross-chain AMM solutions without additional economic mechanisms.
The Partisia Blockchain team has jointly worked with researchers specializing in AMMs and economic mechanism design. And together developed a mechanism which guarantees fixed prices as well as the “multi-swap” arbitrage opportunities described above. The key component is a “lock-swap” mechanism that guarantees a user fixed prices for a given swap. The mechanism only locks the actual requested trade and allows other users to use all liquidity pools without the non-scalable sequential use of the entire AMM solution as we know it from Ethereum.
The mechanism essentially works as follows: every pool keeps track of two pools, the “actual liquidity pool”, and a “virtual liquidity pool”. The actual liquidity pool keeps track of all the instant swaps, i.e. those that are actually executed. The virtual pool keeps track of the lock swaps, since such swaps might be canceled later on. Hence, by submitting a lock-swap the user secures fixed prices by the lock-swap function, which only affects the virtual liquidity pool. For any user after the lock-swap, the protocol ensures the smallest amount of assets across the actual liquidity pool and the virtual liquidity pool. Hereby, the mechanism favors first movers that fixed prices using the lock-swap function. Unlike the Ethereum sequential use, the lock-swap minimizes the impact on the entire AMM solution so assets can be exchanged in parallel and across independent blockchains and shards. And also in liquidity pools with one or more lock-swaps. Read more about the mechanism here.
In other words, the mechanism ensures the liquidity managed by the AMM solution is put to maximal use in two ways:
The mechanism is designed to fully utilize sharding where transactions are automatically off-loaded across different shards in an ideal way that favors unlimited parallelization, i.e. asynchronous and concurrent execution. This type of sharding is native to the Partisia Blockchain and will be instrumental in ensuring unlimited parallelization needed to match the demand as decentralization flourish. Read more about the sharding model here.
Finally, note that since cross-chain AMMs are similar in nature, the proposed mechanism also supports use of liquidity pools operated on completely separated blockchains.
Another challenge and obstacle for a broad uptake of AMM solutions within and beyond the blockchain ecosystem is front-running. On Ethereum and similar blockchain platforms, the AMM transactions are transparent to all, but added to the blockchain consensus model by one or more actors, such as “mempool operators” or “block producers”. The problem is that these actors can delay and place their own AMM valuable transaction, i.e. front-running.
Front-running is a critical problem that needs to be solved for the sake of the users, but also a problem that is critical for the DeFi narrative as a “single point of trust” failure. Fortunately, the advanced encrypted computation that is built-in to Partisia Blockchain provides a decentralized solution, which points back to the original work by Partisia and the first commercial use of MultiParty Computation (MPC) for safeguarding sealed bids.
However, as a big contrast to the first commercial use of MPC, Partisia Blockchain provides a simple interface that allows any developers (without cryptographic skills) to script the required computation and leave it to the network to compile and run the encrypted computations. The concrete solution is an encrypted computation which keeps the actual swap secret until it is fully executed. Hereby, the arbitrage opportunity from frontrunning is effectively addressed.
Ensuring that DeFi solutions comply with the jurisdictional regulation is, of course, an obligation for any DeFi service provider. It may also soon be a competitive advantage and a requirement for expanding the use of DeFi solutions outside of blockchain.
While financial fraud regulations, such as KYC and AML, are obvious, matters that are addressed in this blog may become essential regulatory requirements as well:
Although future regulatory requirements are unknown, building a blockchain network that is sufficiently flexible to quickly adjust to regulatory requirements may be crucial. For DeFi service providers that aim at offering DeFi solutions outside of the blockchain ecosystem and in direct competition with traditional financial solutions, regulatory requirements will be instrumental.
For DeFi teams considering to build the next generation of scalable DeFi solutions on Partisia Blockchain, please find links to the scientific work, description, and template smart contracts below:
We are proud to introduce to the community one of our major roadmap items, the BYOC framework.
Interoperability and decentralization is one of our core values of our blockchain and one of our goals is to enable anyone to harness the capabilities of MPC. This is why our BYOC architecture was created in the first place, allowing the onboarding of any liquid assets to be usable as transaction fees (gas) on our blockchain.
Until now the foundation has proposed and enabled the onboarding of ETH, Polygon USDC and BNB as forms of payment. But our long term goal always was to allow for the community to make decisions on what tokens should be enabled on our chain.
The BYOC framework will now allow for the community to propose any tokens running on the Ethereum, BNB or Polygon chains to be usable as gas payment. The proposal then will go to our validators who will then make the final vote on whether or not to onboard the token as form of payment on Partisia Blockchain.
In the coming days we will share additional details and instructions on how the community can create a proposal for a token to be enabled on Partisia Blockchain. The foundation will initially start by submitting proposals to enable both USDT and MATIC tokens, and create detailed instruction guides using these two tokens as templates to help guide the community to onboard other tokens of their choice.
We are very excited to introduce this new feature and looking forward to seeing other great tokens being introduced by the community into our bridge.
When planning a supply chain from a logistics perspective, it is often useful to conduct a little thought experiment and think of yourself in the position of the products involved. In order to do this, you should “be the box” and trace each step you take from the factory to your customer, how much time you need to arrive and all of the steps you need to go through to get there. Let’s say you are a product, a piece of machinery made in a factory in Pennsylvania, United States. Post-production, you need to be packaged a certain way and the relevant paperwork prepared for export and import to the client’s destination, e.g., Germany. For this purpose, export and import documentation need to be prepared, product specification sheets, customs declaration forms, etc. Before “leaving” the factory you need to be packaged and the documentation needs to be prepared and added to the packaging. You are then picked up by a courier, who potentially needs a copy of certain documentation, and brought to a storage/sorting facility. You need to be marked clearly beforehand or afterwards in order to insure you are not confused with another piece of machinery. Then when ordered by a client, you may need to be re-packaged, for which the necessary documentation needs to be available to the courier before being shipped out. You are then picked up by a logistics company, either the same as the one the courier was from, or another one, and transported to where you will be exported. This is one of two places where all of the paperwork has to be in order, as customs officials now could inspect the paperwork and potentially block or delay your export. Customs declaration forms, material safety data sheets, shipment listings, the invoice to the client, etc., all need to be available and correct.
Congratulations, you have passed customs and are now in “international customs limbo”. After being “exported” you are usually transferred to a toll-free storage area and are then sorted into a container or loaded onto an airplane. When you do land, let’s say in Germany, the customs officials will want the same, or even different paperwork — perhaps even the same paperwork but in a slightly different format (I cannot emphasize enough how sensitive managing customs can be). VAT and other import taxes are (or are not) charged based on the required product declaration, which can sometimes differ greatly between countries, and the purpose of use. The product (you) is then released to a logistics company that sends you to your customer’s address. Hurray, you have arrived at your destination!
What this thought experiment shows us, is that during every single one of these steps, there are multiple touchpoints with many different people involved. Each one of these touchpoints represents a moment where a variety of things could go wrong. What if one of the documents falls off the package? What if one of the logistics employees accidentally confuses one of the packages during re-packing at the storage facility, or confuses the documentation? While logistics companies tend to have contingencies and redundancies, things sometimes go wrong causing unnecessary delays in supply chains and, in some cases, lost business.
Blockchain could be used to mitigate such logistics risks: a QR code representing a tokenization of a product could be added to each individual product package, in order to provide information on each individual product instantly and reduce the potential for confusion. Paperwork could be added to these product’s QR codes making them easily accessible to different parties along the supply chain and could also help in compiling different documents. If used correctly, a blockchain could also help keep track of shipments, both internally for logistics companies and externally for those managing supply chains. Sometimes shipments can be a bit like a black box and yes, sometimes products even get “lost”.
Furthermore, not only could documentation be made more accessible, but smart contracts could be created to streamline processes and e.g., create country-specific documentation automatically depending on where the product’s QR code is scanned. This could particularly come in handy if a product’s route is changed short notice, the product is checked by another country’s customs (e.g., another EU port of entry that wants things just ever so slightly differently) or the documentation required is changed at some point. The transparency provided by the blockchain could also make different actors such as customs authorities and/or logistics companies more accountable and provide a better basis for auditing/compliance. Furthermore, payment processes e.g., for VAT and other taxes, could potentially be automated, greatly increasing the speed of the customs clearing process.
The complexity of a supply chain increases with the added burden of quality assurance requirements, laid out by e.g., pharmaceutical GxP (Good practice, the “x” standing for a variety of different areas) regulations. Medical and pharmaceutical, food and cosmetic products require differing levels of traceability and quality assurance from the initial ingredients all the way to the patient. Each step in the production, testing, manufacturing, and distribution needs to be carefully and extensively documented and regarding logistics, the regulation laid out for e.g., pharmaceuticals is that of “Good Distribution Practice” (GDP). If you take the example of an agriculturally derived ingredient for a medicine, the process would be as follows:
A plant is harvested following (and documenting everything) according to Good Agricultural Practice (GAP) or Good Agricultural and Collection Practice (GACP) and then processed (e.g., the relevant ingredients extracted) according to Good Manufacturing Practice (GMP) and tested to Good Laboratory Practice (GLP). The product is then sent, of course following Good Distribution Practice (GDP), to the production facility, where it is further processed and combined with other ingredients to make a final product (under GMP) and then distributed to a pharmacy (again under GDP). Every individual production, testing and transportation step of each individual ingredient is meticulously documented and requires the ability to be audited by different parties as well as government entities. The idea being, that GxPs can assure two things for quality assurance quickly: 1) the assurance of quality of medical products on the market and 2) the ability to trace exactly where something went wrong in a pharmaceutical supply chain if there is some sort of defect. This all undoubtedly brings with it an immense amount of documentation, often in paper format, that needs to be stored for years by each individual party. Not exactly the most efficient way to store or audit a supply chain.
Both regarding the GxP traceability and less-regulated supply chains, blockchain technology could be used to reduce errors, streamline processes, facilitate documentation availability, and allow for better traceability and auditability for all parties involved. However, companies have legitimate reasons not to want to reveal certain information about their supply chains. A pharmaceutical company for example may not want to reveal the source of their ingredients, as a competitor may use that information to their advantage. This is where MPC could come in and be used to obfuscate certain sensitive information about the supply chain. Moreover, necessary documentation could only be made available to certain parties, such as customs authorities.
An MPC-blockchain solution built on Partisia Blockchain for logistics and quality assurance could look as follows: each step set out by GxP could be documented and listed on the blockchain, while only making the source of each documentation available to the parties necessary (e.g., a regulatory body of a manufacturing company). Each package shipped could be traced transparently by the customer, with a smart contract automatically generating documentation for each individual step in the supply chain and customs touchpoint. All of this can be done without revealing too much information to parties that do not need to have the full picture. Such a system could reduce errors, increase efficiency, allow for better auditability and more transparency of supply chains — while MPC keeps valuable trade secrets private.
Partisia Blockchain is dedicated to facilitating innovative solutions to real-life problems. Better supply chain and quality assurance are two of these problems.
Please contact us, if you have any questions about how our technology could improve your supply chain management or quality assurance.
Contact information: build@partisiablockchain.com
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In today’s context, the healthcare sector by itself contributes to around 30% of the global data volume, while the pharmaceutical industry significantly adds to this data generation. Handling and utilizing data from these sectors are also subject to some of the strictest regulations due to the nature of data that often includes personally identifiable information. GDPR, internal policies, and other regulatory frameworks pose tough challenges when data is collected or shared beyond isolated data silos for analytical purposes.
Public and private blockchains serve as effective tools for maintaining an immutable and transparent log of transactions, which can be relied upon and examined by various stakeholders such as public authorities. However, when it comes to the actual manipulation and processing data, both public permissionless blockchains and private blockchains are insufficient due to the lack of privacy features. This is where Partisia Blockchains’ distinctive and proprietary secure multiparty computation (MPC) technology emerges as exceptionally valuable
Our MPC technology empowers individuals and organizations to preserve privacy right from the input stage. This entails breaking down data into many encrypted secrets, which are then shared with specialized MPC network nodes. Critically, these nodes remain unaware of the specific content they store or compute on. Predetermined private and public smart contracts establish protocols for computations and determine access privileges to the outcomes, as authorized by permissions.
The potential applications for private computations within the healthcare and pharmaceutical sectors are virtually limitless. In this article, we will explore some of the extensively discussed scenarios.
Privacy technologies play a pivotal role in enhancing the security and confidentiality of private DNA sequencing. With the advancements of genetic analysis techniques, individuals are increasingly seeking to unlock insights from their genomic data, but the sensitive nature of genetic information demands robust measures to preserve privacy. MPC offers solutions by enabling private computations on encrypted genetic data without the need to expose the raw data. This allows for collaborative research, personalized medical insights, and genetic advancements while ensuring that individuals retain control over their sensitive genetic details.
By employing these technologies, private DNA sequencing initiatives can preserve privacy, encourage data sharing for scientific progress, and mitigate the risks associated with unauthorized access or breaches of genetic information.
Traditional data sharing approaches often raise concerns about privacy breaches and data ownership when it comes to the almost abundant amount of sensitive patient information and proprietary research data for healthcare and pharmaceuticals. MPC addresses these challenges by allowing multiple parties to jointly analyze and derive insights from their respective datasets without actually revealing the raw data to each other, but only share valuable outputs.
In the context of clinical research, pharmaceutical companies and healthcare institutions can collaboratively conduct analyses on aggregated datasets while keeping individual patient information and proprietary data secret. This facilitates cross-institutional research without the need to centrally consolidate data, eliminating the risks of data exposure and unauthorized access. Different pharmaceutical companies, each possessing valuable proprietary data, can engage in joint studies without revealing their confidential insights.
This collaborative approach unlocks opportunities for discovering broader trends, identifying potential drug interactions, and conducting large-scale analyses that draw from diverse datasets. By preserving privacy and ownership, MPC encourages cooperation among entities that might have otherwise hesitated due to privacy concerns. In essence, MPC bridges the gap between robust data-driven insights and the need for privacy, fostering a new era of collaborative clinical research across previously isolated data silos and organizations.
MPC offers robust primitives to revolutionize supply chain management within the pharmaceutical and healthcare industries. In these sectors, ensuring the integrity, transparency, and security of the supply chain is of all importance, as any inefficiencies or vulnerabilities can have serious consequences for patient safety and product quality.
MPC provides a solution by enabling various stakeholders, including manufacturers, distributors, regulatory bodies, and even healthcare providers, to collaboratively manage the supply chain without revealing sensitive proprietary information to one another. This is particularly valuable when dealing with complex global supply networks involving multiple parties, each with their own data and interests. Parties can jointly verify and validate critical supply chain information, such as the authenticity of raw materials, production processes, transportation routes, and inventory levels.
For example, pharmaceutical companies can verify the authenticity and quality of raw materials supplied by third-party vendors without sharing their precise formulation details. Regulatory agencies can conduct audits and ensure compliance across the supply chain while preserving the confidentiality of manufacturing processes. Healthcare providers can track the provenance of medical devices or drugs to enhance patient safety and prevent counterfeiting.
MPC-driven supply chain management ensures trust among stakeholders by providing a secure environment for collaboration. It prevents fraud, minimizes the risk of data breaches, and streamlines information sharing. By harnessing the power of MPC, the pharmaceutical and healthcare industries can establish a more efficient, transparent, and secure supply chain ecosystem that ultimately benefits patients, regulatory compliance, and business operations alike.
MPC presents a transformative way for streamlining the recruitment process in clinical trials while upholding patient privacy and data security. Clinical trial recruitment often entails the sharing of sensitive patient information across multiple stakeholders, including healthcare providers, research institutions, and pharmaceutical companies. MPC offers an innovative approach by allowing these entities to collaboratively identify eligible participants without revealing individual patient details.
Using MPC, each participant contributes encrypted data, maintaining the confidentiality of their personal information. The parties can collectively perform computations on this encrypted data to match potential participants with specific trial criteria, such as medical history, demographic characteristics, or genetic markers. This process ensures that no party gains access to the raw data of others, mitigating privacy concerns.
MPC technology not only accelerates the participant matching process but also encourages broader collaboration among stakeholders who might otherwise hesitate to share sensitive patient data. This approach streamlines the recruitment process, reduces administrative burden, and respects patients’ privacy rights. Ultimately, MPC revolutionizes clinical trial recruitment by combining efficiency and data security, fostering trust among stakeholders and contributing to the advancement of medical research.
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