In previous articles we have discussed how secure multiparty computation (MPC) and public blockchains can enhance digital identity for verification and self-sovereign identity (SSI) in particular.
It is now time to take a deeper look into how Partisia Blockchain and its MPC capabilities enhances SSI to cope with the unsolved challenges around private data activation.
This is a great opportunity for SSI builders to pick up cutting edge privacy technology and leverage our support to launch the next billion dollar digital identity business.
For the best teams, we offer grants and dedicated support directly from our core team. Apply for grants here.
Now, let’s get into it!
SSI revolves around issuers such as KYC providers that issue verifiable credentials (VCs) to users who store the identity data on their own hardware – therefore “self-sovereign” – typically in an identity software wallet on the phone. Verifiers are the third-party who can receive various types of identity data presentations from credentials such as proof of country and birthdate from a KYC credential. Presentations of VCs is the equivalent of showing physical credentials such as a passport, but in a digital and secure manner.
Presentations are generated in identity wallets by the users themselves and the exchange of them are facilitated by a secure connection that is often managed by a centralized service called an agency.
The idea about SSI becomes really powerful when users receive and hold multiple VCs from multiple issuers that make up entire digital identities, which is entirely owned and managed by the user at first. The complete identity data simply will not rest anywhere else besides on the users own hardware, until the users chose to present the data which in addition can be protected with privacy features such as selective disclosure and zero-knowledge proofs e.g. you only show jurisdiction and prove that you are more than 18 years on from a complete KYC credential that contains much more information than what’s needed for the verifier.
Notably, VCs are inherently more secure than traditional credentials, such as physical driver’s license, because digital signatures make them tamper-resistant and instantaneously verifiable. Moreover, VCs are digital, portable and reusable, which cuts cost and makes everything much more convenient for users.
However, as much as SSI offers users true ownership of identity data, it also poses challenges in regards to privacy and compliance when activating the data through presentations for verifiers, backup and storage.
In its current form, SSI does not have strong enough privacy when activating the data through presentations because once a VC has been presented to a verifier, regardless of using privacy features such as selective disclosure and zero-knowledge proofs, the data rest with the verifier in a black box that users cannot control. How data is handled from there would rely on trusting the verifiers to comply with regulations such as GDPR, potential auditing from authorities, and any specific agreements with the users. Furthermore, there is a lack of frameworks and standards for compliant, provable and transparent data monetization which is needed to encourage mass adoption.
Another major issue with SSI in its current form is that users are only left with two options for backup of identity data that either compromise security or privacy. One option is to backup and store identity data on another piece of self owned hardware resulting in multiple self-sovereign controlled backups. However, in reality, this is not convenient for users and if hardware is lost, so is the data.
The second option, which is by far the most convenient and popular, is to store identity data externally with a third party, such as a cloud service. This way, users will unlikely lose the data itself and can always access it. However, relying on centralized external services can result in compromising privacy and giving up control because there’s little transparency in how data is stored and manipulated.
Another profound problem with SSI in its current state is the reliance on intermediaries, often known as agencies or agents, to establish connections between parties and facilitate the exchange of VCs.
Partisia Blockchain has as the world’s first L1 operationalized MPC for general computation on a public blockchain, which means that one or multiple data sources can allow others to compute on the data while it stays encrypted and operate under predefined rules expressed in smart contracts. This is also known as confidential compute and several privacy enhancing technologies (PETs) share this capability. However, MPC is superior when computing on multiple inputs and quantum resistance is a hard requirement.
Confidential compute opens up an ocean of new use cases such as private voting, RWA ownership verification, supply chain provenance, GDPR compliant data analytics across multiple data silos, and very importantly for this article enhanced and complete privacy in SSI.
Partisia Blockchain and its MPC capabilities allows a user with an identity wallet to encrypt identity data with secret sharing encryption and then share it with a network of MPC nodes that will not be able to read the original data because the secret shards are distributed amongst the network. There is simply no way to reconstruct the secret and read the original data unless individual secret shards are collected based on a threshold, which is protected by MPC and a collateralized non-collusion security model. Furthermore, secret sharing encryption is by default quantum resistant, so it is not possible to brute force a secret with a supercomputer unlike other PETs like fully homomorphic encryption (FHE) that relies on public key encryption.
This also means that MPC allows for users to have data stored in a “self-sovereign” external network which can function as back-up or simply storage, but more importantly, a private SSI platform to activate the data against a verifier’s request through private verifications and standard privacy features. Partisia Blockchain natively supports multiple standards and can produce presentations for private verification, but also across private and public blockchain for various purposes.
Private verification is really what sets MPC enhanced SSI apart from the current SSI e.g. during the recent pandemic, many attempts were made to create a Covid-19 passport so citizens could prove they were either vaccinated or tested negative while preserving privacy in the claim. Zero-knowledge proofs are good for this, but limited to only presenting yes/no results to a verifier without extensive physical verification, such as ID cards, which would compromise SSI principles.
In collaboration with HES-SO Valais-Wallis, Partisia Blockchain developed a solution where identification is reduced to matching an individual’s face with an image of the person’s face powered by MPC in order to increase security and privacy. The Partisia Blockchain ensures trustworthy information is broadcasted to the verifier and MPC ensures that the private information about the citizen is used only for matching and kept hidden for the verifier.
While MPC is powerful for verification, the idea about having identity data in a private secure network is also useful for use cases that revolves around private AI, e.g. identity data can remain encrypted while a private AI model compute on it and only when the user received the output it can be decrypted incl. the result from the AI model.
Very significant for the above solutions is that the agency is left out so the secure connections and data presentations are managed directly from the MPC clusters where the data privacy is protected and data managed completely on the users’ terms.
As aforementioned, MPC is powerful when it comes to computing on multiple inputs while preserving privacy. This unlocks a massive potential for compliant and private data analytics on multiple users data combined for use cases such as healthcare data for pharmaceutical R&D and data aggregations for monetization where users are rewarded, but didn’t give up privacy.
The concept is the same as for a single user data where secret sharing encryption is performed and the secret shards are distributed to MPC clusters. However, for multiple users the MPC nodes are able to combine and compute on the data while never understanding the complete input and share encrypted outputs which can only be decrypted and understood by selected users as predefined in zk smart contracts.
DID/SSI is a large stack of different technologies and this article has only covered how to enhance SSI which is the lacking component to offer compliant end-to-end solutions on top of the existing stack. Together with our partners, we are also building out a significant amount of the fundamental DID/SSI component such as agency, mobile SDKs, identity wallets, standards, DID method, DID resolvers, onchain DID documents, definitions and schemas, trusted registries and more.
Reach out to us for a conversation and learn more about our technologies.
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As a part of my role at Partisia Blockchain Foundation, I meet a large number of interesting people at various conferences and events. Some are in Web3 in nature and others are more institution based. And I find there is a difference between these two types of people that highlight what I think is one of the biggest challenges in Web3 currently.
In Web3 conferences, I’m usually meeting the same people I met year after year.
My recent trip to Malaysia and Germany showed this phenomenon clearly. During the Malaysia Blockchain Week, I met with Web3 people who were all in the industry for many years working on similar projects as they were last year. On the other hand, outside of the blockchain conference, I also met with leaders in the health tech industry whom we had deep conversations about how to solve real world problems using Partisia Blockchain’s MPC technology. At the IAS event in Germany, with over 25k in attendance, we were the only blockchain company presenting a Web3 solution.
Kurt Nielsen, our president, put it best in this interview where he speaks about the importance of “growing the pie” in Web3. Meaning that in order for Web3 to succeed, we must find new users, new real world use cases, and new ways to solve real problems using this wonderful technology called the blockchain. Yet, everyone I meet in Web3 conferences is always telling me, “I’ve been in this space for the last x number of years.” It is extremely rare to meet someone who says “I’m new to the blockchain space and interested in learning how this can solve our real world problem”.
Fighting for a share of the same pie
The current Web3 conferences, for the most part, have people who are fighting for the “share of the same pie” it has been fighting for multiple years, so to speak. It’s the entity that has the same players, building the same type of applications for the same group of people year after year. And while you have a few real world industries looking to experiment with blockchain, most, if not all of the Web3 focused events I go to are full of people building the same thing, but packaged just slightly differently. Why is this the case?
And so we see two different themes emerging. Those who are the early adopters, the visionaries and pioneers building Web3 and integrating blockchain technology into real world use cases to solve real problems, and those who are looking for the quick token launch and get rich plan disguised with the pretense of revolutionizing an industry. One has a long and promising future. The other… Well, you can only go so far when everyone is fighting for the same pie..
“Privacy, interoperability, and scalability are fundamental principles that have been pillars of past successful technology innovations and they will be for the Web3 industry as well.”
Partisia Blockchain’s focus has always been about collaboration and solving real world problems. We have founders who understand the challenges of the real world. In the real world, privacy is a fundamental human right, and your private information should not be disclosable to everyone. In the real world, people collaborate and work together to grow the market you are in rather than close off your ecosystem to only those who can pay with your own currency. In the real world, infrastructures are scalable, available to support the world’s population. (Think the internet for example) These fundamental principles play out in real world scenarios and while blockchain provides an incredible value proposition, one of decentralization and trustlessness, it is not a complete solution. Privacy, interoperability, and scalability are fundamental principles that have been pillars of past successful technology innovations and they will be for the Web3 industry as well..
This has been our focus, and the reason why our blockchain architecture is built different. And, as a result, we have quite a number of real world partners working to build things that impact the real world. And we continue to garner interest from people who are looking to solve real problems.
We are committed to growing the pie by bringing the technology to non Web3 industries. Use cases like the humanitarian token system, where we are able to distribute financial aid to those impacted in conflict regions. A donation platform where using blockchain technology, aid can be distributed not only quickly, but also transparently giving the donors full visibility to whom and how their donations made an impact. Tackling counterfeit medication in Africa through a combination of transparent and private supply chain infrastructure. These are samples of real world problems Partisia Blockchain is tackling to solve.
In the Web3 space, we are also focused on adding these fundamental principles that are currently missing to help grow the pie within. Providing DeFi solutions that solve for interoperability, scalability and privacy. Partnering with academia to create a framework for DID that governments can support. Building solutions that enable a real trustless, secure, and interoperable self custody solution that can be built to suit the users individual requirement.
The Web3 industry will undoubtedly continue to survive. Thrive even. But it will also evolve from the current hype cycle to something more mature. As this maturity continues, the need to meet these basic fundamental principles will become more apparent. We also need to work together to grow the pie, rather than fighting for a share in the existing pie. And those who understand and share in this vision will help drive the next generation of Web3 solutions. We hope, through this maturity, we will grow the pie, and perhaps see a new friendly face join the next Web3 conference.
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This is part 3 of a three-part series where we review the three key technology innovations of Partisia Blockchain and compare them with other blockchain technologies. You can read our intro and the performance comparison between various other chains here, or read more about the privacy layer comparison here.
Part 3 reviews the various web3 infrastructure aiming to address the issue around interoperability between different chains, the techniques used as well as pros and cons of various technologies.
Partisia Blockchain is deeply committed to interoperability, aiming to foster trust and collaboration across diverse blockchain networks. Its unique architecture addresses the challenges of cross-chain interactions through a multi-faceted approach, including its innovative “Bring Your Own Coin” (BYOC) concept and advanced bridging solutions.
BYOC allows users to pay gas fees in various liquid coins like Ethereum, BNB, MATIC, USDC, and USDT, rather than requiring a native token. This flexibility enhances convenience and accessibility, eliminating the need for users to acquire a specific token for network interaction. Moreover, BYOC enables developers to open their decentralized applications (dApps) to a wider audience, as users can transact with their preferred cryptocurrency. The stable fee structure, pegged to USD, ensures predictability for projects and users alike, regardless of underlying asset price fluctuations.
Partisia Blockchain’s token bridge is another core innovation. It employs a combined approach of double bookkeeping, staking as collateral, and large-scale MPC-based selection of oracle nodes to form a secure and efficient bridge. This design ensures a 1:1 correspondence between tokens across chains, enhancing security and trust in cross-chain transactions. The token bridge also incorporates a mechanism of frequently expiring epochs and MPC tokens as collateral staking, limiting the accumulation of financial risk.
For securing digital assets, Partisia Blockchain offers MOCCA, a decentralized and fully programmable custody solution. This enables institutions, DAOs, exchanges, and wallet providers to collaborate trustlessly to secure the assets of their users. MOCCA’s smart contracts provide flexibility in defining access controls, voting powers, NFT permissions, and transaction rules, catering to diverse custody requirements.
Partisia Blockchain’s versatility also allows it to function as a second layer for other blockchains. By deploying a zero-knowledge smart contract on Partisia alongside a public contract on the Layer 1 chain, dApps can leverage Partisia’s privacy-preserving capabilities without migrating their entire infrastructure. This approach enables seamless integration of privacy features into existing applications, promoting wider adoption of privacy-preserving technologies.
LayerZero is a messaging protocol designed to facilitate seamless communication and data exchange between blockchains, fostering an “omnichain” vision where all chains are interoperable. This is achieved through a Mesh Network architecture that overcomes the limitations of existing cross-chain solutions.
The innovation lies in facilitating communication between blockchains without the need for costly on-chain nodes or insecure middle chains. This is achieved through a combination of Ultra-Light Nodes (ULNs), blockchain endpoints, decentralized third-party oracles, and relayers. Oracles, such as Chainlink and Band Protocol, fetch transaction data from the block header, while independent relayers verify the transaction proof. This dual verification process ensures the security and validity of the message.
Functioning as a messaging layer, LayerZero enables communication between different blockchains and their smart contracts. The Omnichain Fungible Token (OFT) contract standard enables seamless cross-chain token transfers without asset wrapping or intermediate chains. However, this functionality is tied to the LayerZero ecosystem, which limits the potential reach and interoperability of tokens.
Each application built on LayerZero can configure a security stack consisting of several required and optional decentralized verifier networks (DVNs) to verify its messages. These DVNs can leverage various validation methods, including zk-technology, middlechains, and consortium signers. Additionally, Rate Limiter allows controlling the number of cross-chain messages within a specific time frame, preventing denial-of-service (DoS) attacks and ensuring regulatory compliance. However, this is at a cost of performance.
This flexible approach to security empowers applications built on LayerZero to tailor their verification mechanisms to their specific needs and risk profiles. By not prescribing a single method, LayerZero allows for a diverse range of security configurations across the ecosystem.
Cosmos is designed to be the “Internet of Blockchains,” addressing the limitations of isolated blockchain networks. It achieves interoperability and scalability through a combination of innovative technologies and a modular architecture.
Instead of a single monolithic blockchain, Cosmos allows for the creation of multiple independent blockchains, each with its own specific use case and consensus mechanism. Developers can leverage pre-built modules for common blockchain functionalities, reducing development time and complexity.
The Cosmos Hub serves as the nexus for the entire Cosmos ecosystem. It acts as the intermediary connecting various blockchains within the network. Instead of each blockchain directly linking to every other chain, they all plug into the Cosmos Hub. This hub keeps track of interactions and facilitates communication among different zones (blockchains) in a secure and efficient manner.
Cosmos ensures security through a decentralized validator model. Each chain has its own set of validators responsible for verifying transactions and securing the network. This decentralized approach eliminates single points of failure and enhances the overall security of the ecosystem.
Replicated Security is a feature that allows the Cosmos Hub to provide its strong security to other blockchains, known as “consumer chains” through the IBC protocol. This enables consumer chains to benefit from the Cosmos Hub’s security without needing to maintain their own validator sets.
Interchain Accounts (ICA) represent a significant advancement in cross-chain interoperability, making the Cosmos ecosystem more interconnected and user-friendly. With ICA, applications can directly access and utilize functionalities of applications on other chains and users are able to perform actions like token transfers, swaps, staking, and governance participation from a single account. The benefits of ICA extend to various use cases, including cross-chain liquidity provision, lending, borrowing, and NFT transfers. It enhances governance by allowing voting on proposals across multiple chains without switching accounts.
In addition to IBC, Cosmos supports bridge protocols like Gravity Bridge and Wormhole Gateway. These bridges connect the Cosmos ecosystem with other blockchain networks like Ethereum and Solana, further expanding interoperability and enabling asset transfers and cross-chain communication between diverse ecosystems.
The comparative analysis of various blockchain technologies reveals a spectrum of approaches to privacy, scalability, and interoperability.
Partisia Blockchain’s focus on privacy is not only a technological advancement, but also a philosophical shift towards a more user-centric and privacy-conscious approach to blockchain technology. By seamlessly integrating cutting-edge cryptographic techniques, such as multi-party computation (MPC) and zero-knowledge proofs (ZKPs), with a high-performance blockchain architecture, it presents a unique paradigm that transcends the limitations of traditional blockchain models. This fusion of privacy and performance empowers the development of decentralized applications and smart contracts capable of securely processing sensitive data while maintaining scalability and interoperability across diverse networks.
As the demand for privacy-centric applications continues to grow, Partisia Blockchain’s innovative solutions will be instrumental in driving the next wave of decentralized innovation. Its ability to address the inherent challenges of blockchain technology while maintaining efficiency and interoperability positions it as a compelling platform for building the next generation of decentralized applications.
As we kick off the third quarter, July 2024 has been a busy and exciting month for Partisia Blockchain. In this update, we are thrilled to announce the launch of Project RESCUE, new partnerships, and the listing of the $MPC token on Bitpanda. We will also provide a sneak peek into upcoming events like BlockStart in Glasgow. Read on for all the details and stay tuned to our social channels for more updates.
The Partisia Blockchain Foundation proudly announced the launch of Project RESCUE, the world’s first blockchain-based social impact funding initiative that enables end-to-end traceability of donations. This project is both a testament to our commitment to doing good and a demonstration of how blockchain can affect positive change in the world. This marks just the beginning of our implementation of projects launching on Vorne.ai and other initiatives similar to Project RESCUE. Check out our summary of the event here.
July was filled with LOIs and new grant agreements. Starting with Truflation and their push into the RWA space, they agreed to work with Partisia Blockchain to further their existing RWA pricing service, using Partisia Blockchain’s MPC to help privatize certain elements of the assets they are digitizing.
Degen House also signed an agreement to build two potential solutions on Partisia Blockchain: a proof of concept for a payment system similar to the ICRC design but for public use, and an NFT marketplace.
Digital Assets Technologies AG (DAT.AG) received a grant to build the world’s first privacy-preserving, secure environment for transaction and asset verification. It is not just about locking down data; it is about ensuring that data can be shared and verified in a manner that aligns with modern privacy expectations and compliance demands. Essentially, it is a platform for easy audit compliance in the Web3 world.
On 16 July 2024, we were thrilled to announce that the $MPC token was listed on Bitpanda! This listing opens the door for more users to explore the innovative MPC technology, which provides cutting-edge data encryption and unparalleled security on Partisia Blockchain. Dive in and experience the future of secure digital transactions with $MPC.
Kurt Nielsen, Co-Founder of Partisia Blockchain, shares his insights on how Web3 and MPC technology can revolutionize the data economy by empowering users with control over their data. Discover how MPC is paving the way for secure and decentralized collaboration. Read more in Disruptive Tech News: Is Web3 Still Relevant? The Jury’s Still Out, But the Clock Might Be Ticking for This New Paradigm
Join us at BlockStart in Glasgow, Scotland, on 1-2 August 2024. Our Chief of Growth, Shirly Valge, will be sharing valuable insights on the projects we are working on and emerging trends in blockchain. She will be part of engaging panel discussions on “How do global Web3 projects manage local regulations?” and “From physical to fractional: How Tokenization is democratizing access to real-world Assets”. Do not miss the chance to connect with Shirly, you can book your meeting here.
We are excited to share that the final computation of phase 1 of the AirDrop has begun and we are anticipating possible distribution in mid to end of August. Phase 2 will begin soon after tying with the launch of our DEX from zkCross. This marks a significant milestone as we continue to engage with our community and expand the adoption of the $MPC token. Stay tuned for more details on how you can participate and what to expect as we move forward.
As we gear up for Token 2049 in Singapore on 16-21 September 2024, we are thrilled to connect with our community at one of the largest crypto events of the year. Be sure to visit our venue and join us for engaging discussions and insights into the latest from Partisia Blockchain. Stay tuned to our social channels for more updates and details. We look forward to seeing you there!
Bruce Ahn, Chief Success Officer, and Mathias Glintborg, Head of Product, will join X Spaces on 2 August 2024 to discuss adoption, the product roadmap, and other topics. Do not miss this opportunity to get an update on the latest developments and ask your burning questions! Set your reminder here.
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This is part 2 of a three-part series where we review the three key technology innovations of Partisia Blockchain and compare them with other blockchain technologies. You can read more about Partisia Blockchain as well as the performance comparison between various other chains here.
Partisia Blockchain’s core technology, multiparty computation (MPC), allows multiple parties to jointly compute a function on their private inputs without revealing those inputs to each other. This enables secure collaboration and data sharing while preserving confidentiality.
The pursuit of privacy leads to the creation of a groundbreaking zero-knowledge layer. In Partisia Blockchain’s implementation, the input data is secret-shared among multiple nodes, and the computation is performed on these shares, ensuring that no single node can access the raw data.
This ZK layer combines various cryptographic techniques to ensure data confidentiality, integrity and privacy throughout the entire lifecycle of a transaction.
This multi-faceted approach to privacy ensures that user data remains confidential, secure and tamper-proof throughout its lifecycle.
Partisia Blockchain’s MPC smart contracts are designed for comprehensive coordination of both public and private computations. A key differentiator is the introduction of private smart contracts, which streamline the integration of zero-knowledge computation and MPC-as-a-Service solutions.
By integrating Partisia Blockchain’s suite of privacy-centric tools, developers and projects can seamlessly implement best-in-class privacy measures and harness the power of most notably MPC for different use cases.
Mina Protocol is a Layer 1 blockchain that enhances privacy through its utilization of zero-knowledge proofs (ZKPs). These ZK proofs allow for the verification of transactions and the state of the blockchain without revealing sensitive details publicly. However, it is important to note that while transaction details are obscured on the public ledger, node operators still have access to the actual transaction data.
Notably, Mina’s ledger remains a mere 22KB in size, regardless of the number of transactions, ensuring lightweight accessibility and efficient verification.
At the core of Mina’s consensus mechanism is Ouroboros Samisika, a (PoS) protocol derived from Cardano’s Ouroboros. This protocol enables Mina to resolve long-range forks without relying on transaction history or risking centralization. Ouroboros Samisika utilizes verifiable random functions (VRFs) to select block producers, safeguarding the network against Denial-of-Service (DoS) attacks while ensuring scalability.
Leveraging recursive ZKPs allows the creation of an open database of verified statements, fostering composability within the ecosystem. Applications can interact and build upon each other’s verified data without compromising privacy or incurring excessive fees. The “proof of everything” concept allows for the creation of a decentralized network where data and actions are verified and readily usable by other applications, enabling scalable blockchain applications that leverage collaborative computation.
Mina’s forthcoming upgrade aims to further enhance its ZK capabilities, enabling ZK smart contracts (zkApps), Layer 2 solutions, and bridges. This upgrade moves smart contract execution off-chain while maintaining on-chain verification, addressing challenges like data constraints and gas costs.
As for network throughput, many may be confused by the 1 tps, but the developers want to keep the blockchain super lightweight and perform main computations offchain relying on zero-knowledge technology.
Horizen (formerly known as ZenCash) is a privacy-focused Layer 1 blockchain platform that leverages zero-knowledge proofs (ZKPs) and cross-chain protocol Zendoo empowering developers to create customizable sidechains, each with independent consensus mechanisms, tokenomics and functionalities. This architecture allows dApps to operate on their dedicated sidechains, eliminating bandwidth competition and ensuring optimal performance.
Although Horizen’s mainchain relies on the PoW consensus, its zk-SNARK implementation enhances scalability and throughput. By compressing the data needed for transaction validation, zk-SNARKs enable the mainchain to verify the validity of numerous sidechain transactions within a single block.
In essence, zk-SNARKs act as a certificate of validity for sidechain transactions. The sidechain validates its transactions as usual, then constructs a zk-SNARK proof that summarizes the state of the sidechain. The mainchain nodes verify this proof, confirming the correctness of the sidechain’s transactions without needing to validate each one individually.
The upcoming EON 2.0 upgrade represents a significant step forward for Horizen. This upgrade will migrate the Horizen and EON (EVM-compatible sidechain) to a new, fully compatible EVM chain built on the Substrate framework with tight integration to the zkVerify protocol. This will enable faster and more cost-efficient verification of zk-proofs, further enhancing Horizen’s privacy and scalability capabilities.
Conclusion: Partisia Blockchain stands out alone as the only blockchain enabling a customizable privacy layer to enable computation of private information for providing proofs using MPC or ZKP. While other blockchains use ZK proofs, it is more used for performance and proving of a block rather than computation of actual private data.
MUNICH, 22 JULY 2024. Partisia Blockchain Foundation, a pioneer in decentralized and privacy-preserving solutions, proudly announces the launch of Project RESCUE, an innovative fundraising initiative designed to provide crucial health and social services to individuals living with and affected by HIV in emergency settings. This project is a collaborative effort with the Social Equation Hub (SEH), the Global Network of People Living with HIV (GNP+), the Partisia Blockchain Foundation, the Health Innovation Exchange (HIEX), and Vorne.ai.
Peter F. Frandsen, Co-founder of Partisia Blockchain, expressed his enthusiasm for the project, stating, “Project RESCUE embodies our commitment to leveraging blockchain technology for social good. By integrating transparency and accountability through our platform, we are revolutionizing how emergency aid is delivered, ensuring that every donation makes a tangible impact.”
Lifeline for vulnerable communities:
Project RESCUE is dedicated to delivering rapid response and emergency aid, saving lives, and providing comprehensive and urgent care to those in need. This initiative is a testament to the collaborative effort of various organizations committed to making a difference in times of crisis.
Power of donations:
This people-to-people initiative ensures that every contribution directly translates into immediate life-saving interventions and essential health services. The innovative fundraising platform offers a transparent, blockchain-based reporting system, allowing donors to see the direct impact of their contributions, fostering trust and accountability.
Target groups:
Project RESCUE aims to support people living with and affected by HIV, including:
Addressing urgent needs:
In emergency settings, individuals living with and affected by HIV face severe challenges. Project RESCUE aims to overcome these barriers by providing direct, flexible, and rapid support, addressing urgent health needs and offering life-saving services.
How to participate:
Project RESCUE will be officially launched at the International AIDS Conference 2024, scheduled from 22-26 July 2024 in Munich, Germany, and will run for five months until the end of 2024. For more information and to participate, visit Project RESCUE and Project RESCUE Vorne.ai.
About Partisia Blockchain: Partisia Blockchain stands at the forefront of blockchain innovation, committed to delivering privacy-preserving solutions that promote fairness and transparency. With a rich history of 35 years of rigorous research, Partisia Blockchain is dedicated to creating future-proof solutions that address global challenges, ensuring a fair and secure distribution of benefits. The company prioritizes privacy and confidentiality while fostering accountable, transparent, and decentralized governance.
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ZUG, 9 JULY 2024. Partisia Blockchain grants the Digital Assets Technologies (DAT) AG. to launch a platform designed to tackle critical data security and privacy issues. Tailored for auditors and blockchain organizations, the DAT’s platform will be a robust mechanism for proving asset ownership while ensuring privacy and compliance.
Traditional data transmission methods are increasingly inadequate, often leading to security breaches and undermining transaction integrity. This vulnerability affects not only auditors and blockchain organizations but also poses significant risks to Virtual Asset Service Providers (VASPs), banks and end consumers. The Partisia Blockchain-supported DAT solution will address these challenges by offering a secure, privacy-preserving environment for transaction and asset verification.
The Partisia Blockchain-backed DAT platform will be designed to balance the need for transparent audits with the right to privacy in digital transactions. This approach ensures data can be shared and verified in a manner that meets modern privacy expectations and compliance regulations, making it essential for financial institutions and end-users.
The DAT solution will combine advanced technology with industry expertise to deliver features tailored for blockchain entities and financial auditors:
The Partisia Blockchain-supported offering’s security architecture prioritizes privacy and security without sacrificing usability, featuring:
The DAT’s solution will uphold strict standards, aligning with ISO 27001 and SOC 2 frameworks to deliver a robust compliance posture. This suite of features ensures that the offering meets today’s market and regulatory requirements and can adapt and scale to future demands.
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 Digital Assets Technologies (DAT) AG.: Digital Assets Technologies (DAT) AG offers secure, privacy-focused SaaS solutions for CPAs, financial auditors and digital asset companies. Created by seasoned blockchain experts, the platform revolutionizes accounting, financial audits and travel rule compliance with top-tier security and regulatory adherence. Learn more: https://dat.ag
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ZUG, 3 JULY 2024. Partisia Blockchain enters a strategic partnership with Truflation, the premier reference point for real-world asset (RWA) indices and inflation data. This collaboration sets to transform the way real-world financial data is accessed and utilized in the decentralized finance (DeFi) ecosystem.
The collaboration is set to open new horizons for both. By integrating Truflation’s comprehensive real-time financial data with Partisia Blockchain’s secure and scalable blockchain infrastructure, the partnership will enhance the accessibility, transparency and reliability of financial data across decentralized platforms.
Kurt Nielsen, Co-Founder and President of Partisia Blockchain, says:
“We are excited to partner with Truflation to bring high-quality financial data to the blockchain space. This partnership aligns with our commitment to providing scalable and privacy-preserving solutions, enabling us to address some of the key challenges in DeFi and beyond.”
With Truflation’s accurate and independent inflation data, combined with Partisia Blockchain’s innovative approach to privacy and scalability, the two are poised to deliver unparalleled transparency and efficiency in DeFi. This partnership will enable developers to build more robust and data-driven financial applications, fostering greater trust and adoption.
Stefan Rust, CEO of Truflation, says:
“Our collaboration with Partisia Blockchain aligns with our vision to empower people and protect privacy by giving them real-time data to make informed financial decisions.”
As Partisia Blockchain and Truflation work together to integrate their technologies, both organizations are committed to pushing the boundaries of what is possible in DeFi. This partnership is the beginning of a series of collaborative efforts aimed at transforming the financial landscape through decentralized and transparent solutions.
Key benefits of the partnership:
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 Truflation: Empowered by Coinbase and Chainlink, Truflation stands as the foremost DRP (Definite Reference Point) for economic veracity, driving the tokenization of real-world assets through its independent, transparent and real-time financial data. With a comprehensive index tracking over 18 million items, Truflation offers censorship-resistant data infrastructure, fueling systemic advancements in the DeFi economy. This empowers decentralized applications (dApps), such as DEXs, to unlock boundless markets. From predicting orange juice and uranium prices to facilitating BTC-denominated oil, gas and corn markets, Truflation unlocks a diverse range of financial instruments, heralding a new era in the Web3 landscape. Learn more: www.truflation.io
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June marked a successful close to Q2 for Partisia Blockchain, filled with strategic collaborations, exciting platform launches and insightful community interactions. Highlights include HIEx’s Vorne platform launch, our successful AirDrop Program and the release of our comprehensive DeFi guide. Stay tuned as we recap key events, share our latest innovations and look ahead to impactful partnerships and initiatives in July.
This month, our highlight was the launch of HIEx’s Vorne.ai platform. The world’s first blockchain-based social impact funding platform launched with fanfare during the 77th World Health Assembly in Geneva. The platform aims to address one of the main drawbacks of donations which is the reporting of what your donation actually impacted. Look for the platform being highlighted in the 25th IAS conference in Munich in July! We also announced the launch of StakingRewards.com, a platform that lists many of the top tier networks and their staking rewards. Go check out their website to see how we compare to other chains and stake.
zkCross Network, our DeFi partner, also launched their on-ramp platform, enabling more than fiat currencies to be able to purchase Partisia Blockchain’s BYOC tokens. In the future, look for the integration to enable people to be able to buy MPC tokens directly using a credit card, Google Pay and Apple Wallet. Month of June was full of launches, with CV Pad supporting Partisia Blockchain and helping to fund teams building on top of our chain. Alongside CV Pads, we also announced Moonrig’s grant to build the world’s first crypto asset analytics platform, with accredited research analysts reviewing the various crypto assets in a more structured and professional way.
The first tranche of Partisia Blockchain’s highly anticipated 25 million MPC token AirDrop Program has ended. We are pleased to see the heightened interest in the Partisia Blockchain AirDrop Program. The next tranche—already in the works—will help power our DeFi suite of solutions. Participants, who keep their tokens bridged on Partisia Blockchain, will benefit from an early qualifying criteria for the second tranche of the 25 million MPC token AirDrop Program. During the second tranche, planned for 2024, dApps and projects scaling DeFi solutions will be deployed on mainnet and expand the scope of new use cases.
Our Chief of Growth, Shirly Valge, led an insightful workshop at the Crypto Valley Conference in Zug, Switzerland, on 6 June 2024, captivating the audience with her expertise. In her session, “Integrating Privacy and Compliance,” she delved into the innovative solutions Partisia Blockchain is developing including how we are pioneering privacy-enhancing technologies while ensuring regulatory compliance. We extend our gratitude to the Crypto Valley Conference for having us and look forward to future collaborations.
Our Head of Product, Mathias Glintborg, recently joined an enlightening podcast episode hosted by Concordium in collaboration with Novo Nordisk. This discussion delves into the intricacies of blockchain product development, offering valuable insights from industry leaders. It’s a must-listen for anyone interested in the future of blockchain. Catch up here. Meanwhile, Chief Product Officer, Mark Bundgaard, joined Anca Petre for an engaging conversation on the transformative impact of Partisia Blockchain in the healthcare sector. In this episode, Mark explores our Layer 1 blockchain architecture, explains the nuances of multiparty computation (MPC), and highlights what makes us stand out in the blockchain world. Listen here.
Our first Zealy competition has been a tremendous success. In June, we were thrilled to share the winners, and we extend our heartfelt thanks to everyone who participated and supported our project. We saw an impressive 5,029 Zealy members sign up, with a total of 30,489 quest claims completed. A total of 50,000 $MPC tokens in rewards were distributed to our community. Read the full announcement on our Discord.
The Q8 rewards for our stakers were released in June, distributing one of our largest rewards yet—over 2.7 million $MPC tokens to more than 1300 wallet addresses. Don’t miss out on a 53% APR; stake your tokens today.
Understanding blockchain does not have to be difficult. That is why we have created a series of videos that explain Partisia Blockchain in a fun and engaging way for everyone, from kids to Web3 experts. Watch the first 3 levels presented by Maria Cocu, Bakyt Azimkanov, and Bruce Ahn. Stay tuned on our socials for more!
Our new DeFi guide is now live. This detailed walkthrough provides a deep dive into low-level interfaces of decentralized finance, covering everything from interacting with smart contracts to building scalable decentralized exchanges (DEXes) using our Scalable Automated Market Maker (AMM) framework. We encourage development teams to leverage this guide to create user-friendly DeFi applications on top of these foundational contracts. Whether you’re a seasoned blockchain developer or just starting out, our guide offers the essential tools and knowledge to succeed in the dynamic world of decentralized finance.
The community is at the heart of every Web3 project, and the same goes for Partisia Blockchain. On 26 June 2024, we hosted a Twitter Spaces event to answer the community’s most pressing questions. Co-Founders Peter Frandersen, Kurt Nielsen and Brian Gallagher participated, discussing upcoming plans, our new DeFi strategy, RWA and AI, as well as the dealflow of new projects (spoiler alert: we are seeing significant growth!). Here is the recorded Twitter Spaces session.
On 22-24 July 2024, Partisia Blockchain will attend the 25th annual International AIDS Society event in Munich, working with notable organizations, such as Social Equation Hub, GNP+ and the Elton John Foundation to help raise funds to combat the HIV virus. The platform that will support the event will be none other than Vorne.ai. See you in Bavaria!
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