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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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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