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.
Stay updated: Website • X • Discord • Telegram • LinkedIn • Facebook • Instagram • GitLab • Medium • YouTube
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.
Stay updated: Website • X • Discord • Telegram • LinkedIn • Facebook • Instagram • GitLab • Medium • YouTube