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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Changing the data market business model from buying and selling of your data to buying and selling the “use” of your data.
Current advertising data market industry involves selling and buying of data. Regardless of the type of data the advertisers are looking for, it’s all about collecting the data from various means, categorizing it, perhaps pseudo anonymizing it and selling the data to advertisers. And data, as it turns out, is a very lucrative business. The global market size of the advertising market is estimated to be US$600–800 billion and the internet makes up about half of that size.
You probably have heard this statement before. If it is free, you are probably the product being sold. And this is a very common way for the data market players to create a “free” application that allows the collection of data that the market players will buy and sell. The more accurate the data, the more valuable. Google, Facebook, Twitter, Microsoft, etc all use similar business models. But there are other players in this market, some you may have heard of in the news (Cambridge Analytics for example) or smaller companies that trade your data under the covers. They will collect from various sources, reshuffle, and resell the data to others.
But as with any business model, there are challenges and the data market is not without its share of issues.
Partisia Blockchain’s privacy first blockchain with research lead secure multiparty computation (sMPC) can help solve these issues and also provide data market participants with alternate business models that can bridge the gap between consumer privacy concerns and better data overall.
This changes the data market business model from buying and selling of your data to buying and selling the use of your data. By shifting the paradigm to a services model, new potential revenue streams become available while being able to solve some of the difficult challenges facing the advertising industry.
Projects like Blockchain-Ads and Kin are already looking to take advantage of this new model and we are exited to see where this will lead in the future.
Connect with us at build@partisiablockchain.com to see how we can help you create new business models, solve challenges and provide new incentives for the users to use your system.
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Throughout the ages, famous philosophers have grappled with the concept of good governance. From Aristotle, Machiavelli, and Hobbes to Rousseau, Voltaire and Rawls, different perspectives have existed and challenged each other over the ages on the topic. Today, in democratic societies at least, the general consensus is that of a government that is accountable to the people, with checks and balances, the guarantees of fundamental rights, and integrity in how it operates. New technologies, such as blockchain, can aid in the pursuit of good governance — this article outlines a few possible examples of how Partisia Blockchain could help governments innovate and better their governance practices:
Paperwork, licenses and standing in lines — bureaucracy is something that regardless of political affiliation, people love to hate. But the true purpose of bureaucracy (whether well-designed or not) is to ensure due process and guarantee people’s rights. This in essence very noble pursuit can run into a variety of different problems, from potential inefficiency to outright corruption. A public blockchain could help to streamline processes and make them more transparent, paperwork can be filed and traced through different steps on the blockchain, whereas combined with MPC the private information in these processes can be kept secret, or only available to certain parties. In certain countries, where corruption is an issue, the intransparency of bureaucracies can allow for wrongdoing in e.g. bureaucratic processes such as ignoring, changing and/or the outright fabrication of documents. A public blockchain could allow for more trust in bureaucratic institutions, especially if those institutions don’t have control over the nodes that operate the blockchain. This is the principle behind a project called DelNorte.
DelNorte is currently running pilot projects in Latin America creating NFTs out of real estate deeds and adding them to a public blockchain. This is meant to make the bureaucratic process more efficient, give more stability and transparency regarding real estate ownership in the participating countries, circumvent potential corruption and maintain the integrity of the institution. While the government is the door to access to the system, the government does not have control over the blockchain and the listed real estate deed NFTs. Partisia Blockchain is proud to have entered into a partnership with DelNorte, helping them to add privacy and security to their e-government solutions.
Governments provide goods and services to their citizens, from parks, highways and schools to militaries for the national defense. While some governments have more resources than others, many of the goods used to e.g., build and maintain a public highway, need to be contracted to third parties. What is usually the case when a government has to contract such goods or services out, is that they publish a tender for which parties can bid. This ideally leads to many different companies bidding for the contract with the government, attempting to underbid each other and/or outclass each other with the quality of the good/service that they provide.
Nonetheless, public procurement bidding processes are often highly intransparent and even prone to corruption, which cheat the taxpayers out of the best possible deal they could have had. Blockchain technology could also help combat this problem, making the bidding process transparent and establishing trust with the general public. However, a major issue with the transparency of a public blockchain is that it does not allow for the hiding of certain sensitive information e.g., a company’s capabilities, classified technology, etc. that could be part of the bidding process. This is where E-Trusty comes in: E-Trusty is a dApp building on Partisia Blockchain to use the public blockchain to create transparency, while obfuscating sensitive information in the bidding process using MPC. The goal is to create a platform for public procurement that allows for the transparency of seeing multiple bids for a given contract, while using MPC to hide and protect sensitive information.
Multiple central banks around the world are beginning to develop and implement so-called central bank digital currencies (CBDCs). As opposed to digital currencies, such as Bitcoin or Ethereum, these digital currencies are centralized and issued by a national bank. They are pegged to the value of a fiat currency and are meant to be a part of the existing financial system. There is however a major concern regarding CBDCs and that is that due to their centralized structure and control, they could essentially allow for a central bank, and by extension a government, to have complete insight into how people are spending their digital money. Furthermore, it is also feasible to imagine that a government could easily overreach, especially if it were to become corrupt, and easily seize such digital money. There would therefore need to be checks and balances guaranteed in the application of a CBDC. One solution for this problem, could be to use MPC to make the settlements of such a CBDC private. Such a system could also be designed to allow for certain transparency towards a government entity with the sufficient legal justification such as a warrant. The CBDCs settlements would be intransparent to e.g. the national bank or the government, however a court could allow for access to certain transaction data for a judicial institution.
In many places across the world, trust in elections is waning: the intransparency of voting systems, combined with distrust fueled by political rhetoric are a major threat to the integrity of democracies today. The recent coup in Bolivia or the storming of the U.S. Capitol have shown that even an unsubstantiated claim of fraud in an election can lead to political violence or even the overturning of a democratically elected government. E-voting, and particularly blockchain-based e-voting solutions, have attempted to solve this issue. They have however run into a variety of problems: intransparency or too much transparency, hardware and/or software vulnerabilities, among many others. Nonetheless, Partisia Blockchain’s MPC technology could help in solving many of these issues. MPC could be used to assure the privacy of a voter’s ballot, while showing votes being tallied for specific candidates in real-time. The election results could be publicly auditable and contestable and voters could be able to track their own votes. This kind of solution could in theory ensure safe, transparent and auditable elections, while keeping people’s votes secret.
Partisia Blockchain Foundation is dedicated to facilitating innovative solutions to real-life problems. Democratic innovation is one of the fields we are proud to contribute to.
Please contact us, if you have any questions about how our technology could enable better governance or if you think your organization could benefit from our technology.
Contact information: build@partisiablockchain.com
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In 2018, the European Union’s General Data Protection Regulation (GDPR) came into effect, causing a wave of changes to terms and conditions in your favorite applications across the globe. GDPR aims to increase people’s control and rights over their own personal information and heavily penalizes companies that infringe on these rights. Infringing on the rights of EU citizens laid out in GDPR could result in a fine of €20 million or 4% of the annual global turnover of an enterprise, so compliance is strongly incentivized. This new regulation is widely considered a major turning point in data protection and privacy rights, starting a policy diffusion of similar data protection laws across the globe. GDPR is law in every member country of the European Union and establishes a “single data market” within the EEA. Similar regulations have also been adopted in California, Chile, Japan, South Africa, Argentina, Turkey and Brazil, among others.
GDPR (as well as many of the similar regulations) involves multiple core tenets, among others setting out the principles for which personal data can be used and processed. Lawful purposes of the use of personal data and the digital rights that citizens have over their personal data. While there are many different compliance aspects of data protection regulations, such as GDPR, here are a few examples of how our technology could help your organization stay compliant:
GDPR requires organizations processing personal data to transform the data in such a way that it cannot be connected to the person it was collected from (pseudonymization). Partisia Blockchain could help an enterprise disassociate a person from their (encrypted) data, assuring such pseudonymization through the use of multiparty computation (MPC) technology. This pseudonymization can also be done in a way to allow for continuous collection of data from the same individual, if required for e.g. a longer-term study.
Furthermore, the concept of MPC also can also aid in maintaining an individual’s control over their data, as e.g. the concept of MPC secret sharing can allow for useful outputs being generated without compromising the underlying data (see Multiparty computation: The beacon of privacy solutions explained). MPC (especially combined with a blockchain) can also therefore increase the security of personal data, as the data and calculations are all run in a decentralized fashion by nodes that are all independent from each other. Partisia Blockchain’s nodes and their operators are all independent, run independent systems and have been vetted for cybersecurity by Partisia Blockchain experts.
Another right laid out by GDPR is the so-called right of access. This is the right of people to be able to see how their data is being processed and with whom it is being shared. The ledger kept on a blockchain could help an organization provide an immutable record to ensure this right. For the same reason, the blockchain could help organizations provide the record of processing activities required for GDPR-compliance under certain circumstances as well. As opposed to some other blockchains, Partisia Blockchain also allows for the possibility of private data to be removed from the record. Essentially meaning that data entered into the blockchain can be erased later on, allowing for compliance with GDPR’s right of erasure (the right for people to have their personal data removed from a database).
Lastly, the geographical location of servers used to process personal data could sometimes mean the difference between compliance and a criminal offense. Partisia Blockchain’s jurisdiction management v1.0 allows organizations’ developers to specify the geographic location of nodes to be used in calculating personal data. This could for example allow for private data from the EU to only be sent to EU-based nodes, ensuring that the integrity of the single data market and the data rights of EU-citizens are not breached.
Partisia Blockchain is committed to empowering others in solving real-world problems using our cutting-edge technology. Data rights and data privacy challenges are two of these problems.
Please contact us, if you have any questions about how our technology could enable data privacy or think we can help your organization in improving its data protection architecture.
Contact information: build@partisiablockchain.com
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July has brought remarkable progress and achievements to Partisia Blockchain! We are thrilled to share the latest developments in our dynamic ecosystem. In July, we unveiled our Grants Program for the second half of 2023, empowering visionary builders in the blockchain space with up to 3 million $MPC tokens. These pioneering teams will have access to cutting-edge technology and infrastructure, unlocking new possibilities in decentralized applications. Our commitment to driving innovation goes beyond financial aid — we empower those who challenge the status quo. Join us as we explore the exciting developments in our ecosystem, reflect on our impactful presence at EthCC, and delve into the tech highlights that pave the way for a more robust and user-friendly Partisia Blockchain.
Partisia Blockchain Foundation was thrilled to reveal our Grants Program for the second half of 2023, offering up to 3 million $MPC tokens (valued at US$1.2 million as of today) to pioneering builders in the blockchain space. We are seeking teams determined to create unique solutions that surpass current blockchain limitations. With our support, these projects will have access to cutting-edge technology and infrastructure to bring their groundbreaking ideas to life, addressing challenges previously considered impossible on other chains. Our commitment to driving innovation extends beyond financial aid, as we commit to empower teams that stand out and revolutionize the possibilities of decentralized applications. You can check out our value proposition and read the grant guidelines to apply now!
The Partisia Blockchain team was also thrilled to participate in EthCC conference in Paris in July, where we celebrated collaboration, strengthened partnerships, and reconnected with blockchain friends. Thanks to EthCC for providing a valuable platform for us to showcase our innovative technology, enabling secure collaboration while preserving privacy through advanced Multiparty Computation (MPC). We hope to see more of you next year.
As adoption is one of the main focuses for us, we kicked off a new adoptions team creation with a meeting in Aarhus. All the adoption officers were brought together to align on our strategy and goals for this year. Some of the key areas we agreed to focus on were in metrics, (number of leads from various sources, percentage of conversion, effective marketing campaigns, etc) to understand better where we are doing well and where we need to improve on.
Talking about adoptions, we are also happy to introduce another amazing project that has signed on to build on Partisia Blockchain. Veric is a credential and asset oracle running on Harmony One and they will begin to integrate Partisia Blockchain’s privacy technology to add additional functionality to their application. By adding the privacy layer, they aim to privatize details of their assets that they are looking to use for payment.
We were also honored to participate in this year’s University of Geneva “SDG Summer School”. The focus this year was “Open Source Health Solutions” and students from across the world met during three weeks on the ground and online. We had the pleasure of coaching a group of young minds looking to solve a technological problem for a healthcare company. The innovative solution the students came up with uses MPC and blockchain technologies and could have a positive impact on women’s health.
In line with our Ecosystem Focus, we were excited to showcase SecondLane, a groundbreaking project co-founded by key players in the Web3 OTC market. Offering advanced technology and licensing expertise, SecondLane is building on Weezi empowers project teams, advisors, and investors to unlock liquidity for unvested tokens and equity, while also facilitating the discovery and trading of illiquid digital assets. Explore SecondLane’s unique features in our guest blog, and join us for an insightful Q&A discussion with Oleg Ivanov, Co-Founder of Weezi/SecondLane, to gain exclusive insights into the platform.
As we reflect on the exciting developments in July, Partisia Blockchain has been busy pushing the boundaries of our technology and infrastructure. Here are some of the key highlights from our roadmap.
With these exciting developments, we are paving the way for a more robust and user-friendly Partisia Blockchain. As we move forward, our team is eager to reveal more groundbreaking tech updates next month. Thanks again to our community and your continued support!
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The first half of 2023 has been an exciting time for Partisia Blockchain. We have achieved significant milestones and made remarkable progress in the Web3 space. As we look back on the exciting developments, we are thrilled to share our progress with our community and ecosystem partners. We integrated the BNB token into our ecosystem, launched our pricing oracle, explored the synergy between blockchain and sustainability and much more. For an overview of our accomplishments, we invite you to watch our First Half 2023 video review, where our founders give an update on the highlights and progress we have made.
The Partisia Blockchain team had the privilege of attending the renowned Crypto Valley Conference in Rotkreuz in early June. This gathering in our home canton of Zug brought together a diverse range of stakeholders, including our community, esteemed partners, and industry experts. We engaged in insightful discussions centered around emerging trends such as artificial intelligence and privacy.
Last month, our team members gathered in Copenhagen for a strategy meeting to collaborate, strategize, and plan for the rest of 2023. This meeting played a crucial role in bringing us together, aligning our goals, and fueling our drive for excellence in the upcoming months. Our founders also held a successful Quarterly Ask-Me-Anything (AMA) session with our community, where we provided updates on our accomplishments during the first half of the year and the plans ahead. The AMA was a demonstration of our commitment to fostering open communication and collaboration within our growing ecosystem.
June was full of major milestone achievements, with the BNB token now part of the BYOC family. This opens up both additional opportunities for the BNB community into our ecosystem as well as enabling the BNB dApps with our multiparty computation technology. As a part of the implementation, Bruce Ahn, our head of developer relations joined Binance in their AMA to describe what the integration is all about.
We also launched our long awaited pricing oracle for both ETH and BNB tokens. This will allow accurate pricing information for when ETH or BNB tokens are spent as gas in our chain.
The Partisia Blockchain community has been buzzing with excitement and activity, with various initiatives and partnerships making significant strides in the Web3 space. Let’s take a closer look at some of the major achievements and updates from our ecosystem partners.
Kin, the ad free Web3 search engine, kicked off a highly successful airdrop campaign in June. The campaign has been nothing short of remarkable, allowing Kin to reach a wide audience and introduce our project to Web3 enthusiasts around the globe. We are thrilled to see the tremendous growth in the Kin community and excited for what is next.
Another noteworthy achievement comes from Blockchain-Ads, a revolutionary advertising and data solution in the Web3 space. They have successfully deployed their groundbreaking product, the “Web3Cookie,” on the Partisia Blockchain testnet. This innovative data monetization tool empowers everyday internet users, enabling them to generate their own cookie and securely monetize their browsing data while preserving their privacy.
In addition to these achievements, we recently hosted our first exciting livestream on Parti.com, the first Web3 Peer-to-Peer creator economy platform. Brian Gallagher, the Co-Founder of Partisia Blockchain, took the stage and shared his insights into various topics. The livestream covered the BNB token bridge integration, zero knowledge, and decentralized social media. It was an opportunity for the community to gain valuable knowledge and test out the new Parti.com platform.
We were also delighted to announce the commencement of the on-chain distribution of rewards for the fourth quarter (March–May 2023). This quarter’s distribution is our largest to date, with a total of 1,202,224 MPC tokens being paid out to 743 wallets. The progressive nature of the rewards ensures that each quarter brings new opportunities for participants. If you are new to staking, we recommend checking out our guide and instructional video to learn how to stake and get rewarded.
In our ongoing commitment to innovation, Partisia Blockchain continued to shine a spotlight on our Interoperability and Scalability solutions. We explored the potential of our Interoperability solution, which enables seamless collaboration between chains, unlocking endless possibilities. Through the power of Bring Your Own Coin (BYOC), we revolutionize the way transactions are conducted across different chains. To learn more about our Interoperability solution, we invite you to read our article on the challenges in blockchain interoperability and Partisia Blockchain’s solution. Additionally, we hosted an informative Q&A discussion, where our expert team members provided valuable insights.
When it comes to scalability, we ventured into the future of blockchain scalability with our Complete Sharding solution. This cutting-edge solution harnesses the power of real-time finalization and genuine parallel processing of blocks, resulting in remarkable scalability. To gain a deeper understanding of what sets our Complete Sharding solution apart, we encouraged readers to dive into our detailed article and watch our insightful Q&A discussion.
Recognizing the significance of sustainability in the blockchain space, this month, we delved into the impact and importance of sustainable practices. We explored how blockchain technology promotes transparency, accountability, and sustainable practices, highlighting the unique approach of Partisia Blockchain. In a captivating Q&A session, we engaged with Monadi, a platform that manages sustainability data and reporting in compliance with the Corporate Sustainability Reporting Directive (CSRD). Together, we explored the intersection of sustainability, Environmental, Social, and Governance (ESG) factors, and the UN’s Sustainable Development Goals (SDGs). The discussion shed light on how Monadi, powered by Partisia Blockchain, plans to incorporate these principles into its future sustainability initiatives.
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In the rapidly changing world of blockchain technology, sustainability has emerged as a fundamental driver, shaping the development and implementation of solutions. Environmental, Social, and Governance (ESG) principles — together with the United Nations’ Sustainable Development Goals (SDGs) — provide a roadmap for organizations seeking to make a positive and lasting impact. Partisia Blockchain, a leading next-generation blockchain, recognizes the paramount importance of sustainability and is dedicated to integrating its core operations and initiatives.
“For me, sustainability is all about thinking a step ahead by including derived effects in decision-making. The great thing about ESG and SDG goals is the hard work that has been put into mapping some of the most important goals for the global society. For Partisia Blockchain, these goals function as a “call to action” when prioritizing flagship projects,” says Kurt Nielsen, Partisia Blockchain Co-Founder.
At Partisia Blockchain, sustainability is not just a buzzword, but an integral part of our portfolio. We firmly believe that blockchain technology has the potential to drive positive change and contribute to a sustainable future. Through our range of solutions, we prioritize sustainability and align our projects with ESG and UN SDG goals.
Our commitment to sustainability is also strengthened through strategic partnerships with organizations that share our vision. Let’s explore some of the inspiring collaborations that link sustainability to blockchain technology:
Partisia Blockchain’s partnership with the International Committee of the Red Cross (ICRC) addresses critical humanitarian challenges using blockchain technology. By leveraging our solutions, we contribute to ICRC’s efforts in providing aid, protecting human rights, and delivering assistance to those in need. This partnership aligns with multiple SDGs, including SDG 1 (No Poverty), SDG 3 (Good Health and Well-being), and SDG 16 (Peace, Justice, and Strong Institutions).
Health Innovation Exchange is dedicated to improving access to healthcare worldwide. With the introduction of Vorne.ai, HIEx tackles the longstanding challenge of transparency in fundraising. For the first time, Vorne.ai offers not only a simple one-click donation feature, but also transparent value-chain reporting throughout the lifecycle of donated funds. This transformative approach ensures that donors can see the direct impact of their contributions, fostering trust and accountability.
Partisia Blockchain plays a pivotal role in this process by creating a one-to-one match between donations and a stable token. This token is minted, utilized and meticulously tracked to ensure full transparency of the impact each donation makes on the supported cause. By leveraging its technology, Partisia Blockchain ensures that every transaction is secure, transparent and immutable, setting a new standard in the healthcare fundraising sector.
Peter Frandsen, Chief Technology Officer at Partisia Blockchain, says:
“We are honored to partner with the Health Innovation Exchange. Through this collaboration, which commenced in Davos during the World Economic Forum, we reaffirm our commitment to advancing the United Nations Sustainable Development Goals (SDGs). Our technology not only enhances transparency and accountability in healthcare donations, but also drives significant progress towards achieving the SDGs.”
Partisia Blockchain has joined forces for a strategic partnership with OriginAll, a technology company tackling the humanitarian issue of counterfeit medicine and lack of accountability in remittances and charitable donations. Through the OriginAll Healthies system, powered by Partisia Blockchain’s technology, we are revolutionizing the distribution of funds. Healthies, special tokens, ensure that remittances and donations are used exclusively for their intended purpose, combating counterfeit medicine and fostering transparency in healthcare. This partnership aligns with SDG 3 (Good Health and Well-being) and SDG 17 (Partnerships for the Goals).
Monadi, a sustainability-focused organization, has joined forces with Partisia Blockchain to leverage technology and sustainability expertise to drive positive change. This partnership aims to develop innovative solutions that address pressing environmental and social challenges. By combining Monadi’s sustainability insights with Partisia Blockchain’s cutting-edge technology, we strive to create a more sustainable and resilient future. This partnership aligns with multiple UN SDGs, including SDG 9 (Industry, Innovation, and Infrastructure) and SDG 13 (Climate Action).
Sustainability is a guiding principle at Partisia Blockchain, driving our commitment to create innovative, secure, and scalable solutions. By integrating ESG and UN SDG goals into our projects and forming strategic partnerships, we harness the transformative potential of blockchain technology to address global challenges and promote sustainable development.
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A groundbreaking solution addressing critical challenges and unlocking new opportunities for Binance Coin (BNB) holders, developers and the wider community is live. Partisia Blockchain’s Hermes Bridge now supports BNB and will contribute to further expansion of the BNB ecosystem.
Partisia Blockchain’s secure and scalable privacy solutions, cutting-edge technology and pioneering research are now available to the BNB ecosystem. The latest bridge is in line with the Partisia Blockchain’s goal of building more bridges and adding value to the wider community.
The BNB token bridge affords seamless asset transfers between the BNB Smart Chain (BSC) and Partisia Blockchain networks. BNB holders can bridge their tokens and use them as gas in the PBC chain, unlocking all the value proposition of Partisia Blockchain into the ecosystem. The bridge also grants access for BNB developers to fill a privacy solution gap missing in the BNB ecosystem.
The highest levels of security for BNB tokens throughout the bridging process are guaranteed due to Partisia Blockchain’s state-of-the-art cryptographic protocols and consensus mechanisms. This token bridge prioritizes the protection and trust of BNB users.
The token bridge opens access to Partisia Blockchain’s privacy solutions powered by the generic multiparty computation (MPC) programming language allowing developers to create customized privacy solutions. Through this bridge, BNB developers can add on top of their existing ecosystem a privacy solution and pay for the transaction in PBC using their native BNB tokens. It also opens avenues for cross-chain solutions, enabling developers to create innovative applications that harness the combined power of BSC and Partisia Blockchain without leaving the BNB ecosystem (read more about MPC as a service solution here).
We are confident that the integration of the BNB token bridge with Partisia Blockchain will drive the growth and adoption of BNB tokens, further solidifying its position as a leading player in the blockchain industry.
Stay tuned for upcoming updates and detailed instructions on how to leverage the BNB token bridge with Partisia Blockchain. Join us as we embark on this exciting journey of interconnectivity and innovation.
About Partisia Blockchain Foundation: Partisia Blockchain Foundation 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 more than 30 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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Have you ever taken a trip to an amusement park? Then you are probably familiar with “amusement park dollars”. The park encouraging you to exchange your native currency to “amusement park” dollars because the only thing that is accepted in that amusement park is the currency of the amusement park. And of course, those amusement park dollars are not good anywhere else except in that park.
This is similar to how the public blockchain industry’s tokenomics works. If you want to play in the Solana ecosystem, you have to have the SOL token. Same with Cardano, where you need to pay using ADA. Theta is TFUEL, etc. The entire ecosystem model revolves around their specific currency.
And like amusement parks, every blockchain is in competition with each other. “We’re cheaper. We’re faster. We’re the easiest to develop on.” So on and so on…
In fact this “competition with each other” scenario has been seen throughout history. And it’s quite interesting to see, historically, who has been the winners in these types of competitions. VHS vs Beta in the 70’s, The desktop wars in the 80s, Ethernet vs Token Ring in the 90’s, search engine wars in the 2000’s, and the streaming war that is currently ongoing. And in almost all cases, the winners in these “wars” was the one who was collaborating rather than competing with others.
So the big question is….. Who is going to win the L1 public blockchain wars?
As mentioned above, the current state of the public “blockchain wars” is all about competing with everyone. The combination of every chain saying they are faster and cheaper, with the silo’ed tokenomic model of each chain forcing users to spend only in their currency locks every dApp in their own ecosystem. This is why interoperability has become one of the biggest topics in the industry.
But can we do it differently?
One of Partisia Blockchains core principles is interoperability. This is because our vision is to enable anyone to create solutions that help establish trust and foster collaboration and this means having an architecture that supports interoperability.
So in this regard Partisia Blockchain created a platform from scratch. And following the vision and principles we are adhering to, we created the concept of Bring Your Own Coin (BYOC).
BYOC basically means the users of the chain can pay for using apps developed on PBC using the coin they are most comfortable with. Or in other words, the gas payment on our chain is other liquid coins. This allows for the following possible features.
The Hermes bridge is a double-entry bookkeeping system securing the bridged asset through our MPC multi-sig oracle key. Currently supporting Ethereum, BNB and Polygon USDC, our roadmap includes others like bitcoin, ADA, XTZ and allows for simple integration to all other EVM compatible tokens. This interoperability and gas payment model opens up a variety of interesting use cases, such as the ability for users to interact with any dApp using their own currency of choice.
Our MPC-as-a-Service is also a unique feature of Partisia Blockchain. Our core vision is empowering anyone to be able to utilize our MPC services and to achieve this vision, we designed an architecture that allows anyone to call the blockchain, regardless of where their core app is built. Whether it is a traditional Web2 or a Web3 application that is built on a different chain, both can call Partisia Blockchain and compute using secret inputs without needing to port their entire application stack over to Partisia Blockchain.
By creating a programming language that allows for developers to use MPC in a generic way, and combining it with a unique interoperability and a scalability architecture, Partisia Blockchain Foundation has made the creation of applications that can harness the power of MPC for different use cases a possibility. Partisia has been at the forefront of providing private MPC solutions since 2008. And by layering this technology on top of an interoperable and scalable blockchain, Partisia Blockchain is now paving the way for anyone to create solutions that can balance privacy and transparency to build trust.
To learn more about different use cases or partner with us for solutions, please visit partisiablockchain.com, check out our Medium articles, development documentations or email us at build@partisiablockchain.com.