Partisia Blockchain’s privacy-preserving technologies support the ICRC in providing humanitarian aid to global crisis zones.
On December 2, 2022, at our first Hackathon (the “PartiHack”) in Paris, France, Partisia Blockchain and the International Committee of the Red Cross (ICRC) announced our partnership to harness blockchain-based technology to enable aid distribution to global crisis zones in a way that is more efficient and safer for recipients. We were proud to be able to present the working prototype of this system and to demonstrate how this technology could be used in conflict zones to ensure a high degree of privacy and data protection for relief distributions.
This amazing collaboration offers a vision of a better mechanism for providing assistance to those most vulnerable to armed conflict and violence around the world. The stablecoin we are developing in partnership with the ICRC could pilot a new way of providing support to these victims by combining the advantages of public blockchains with the privacy protections of Partisia Blockchain’s advanced multi-party computation technology.
We are incredibly excited to begin applying Partisia Blockchain’s leading technologies to create a pioneering solution with the ICRC to explore and research how humanitarian cash and voucher assistance programs can benefit from our technology. This is a breakthrough in the real-world use cases of our blockchain.
The current partnership provides a key example of the power of Partisia Blockchain’s singularly scalable, privacy-protecting, multi-party computation technology. This model, first discussed at TOKEN2049 in Singapore, also served as a key source of inspiration for developers participating in Partisia’s Hackathon, which awarded several significant grants to projects judged among the best submissions.
More on those here!
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There are 7 proprietary innovations that deliver Partisia Blockchain’s complete Layer 1+2 Blockchain. In this blog, we present the final and the seventh innovative feature — market for trust — we call it Mithra.
For an overview of all of the 7 features see the Zeus blog. We present each of the 7 innovations with a unique post leading up to TGE on May 31, 2022.
As any decentralized network, Partisia Blockchain relies on efficient node operators and no dominating numbers of malicious nodes. To grow a strong network of highly trusted efficient nodes, the Partisia Blockchain will gradually evolve into a market for trust — a market that rewards nodes that efficiently validate and propagate information and run zero-knowledge computation and token bridges trusted by the users.
The first part of the market for trust is to incentivize good performance by the individual nodes running basic blockchain services. This covers P2P propagation of information, validation and execution of transactions. The initial incentive provision will adjust the simple proportional reward sharing with direct observable measures such as the number of blocks produced as Sequencer. This rewards the best nodes performing the very basic operation as Sequencer. This basic incentive provision will be extended with an advanced incentive scheme that rewards nodes for revealing the otherwise hidden activities in the P2P network. The collected information is made public and used to reward the nodes that are the most active propagators of information in the P2P network. The intuition for this model is illustrated below.
The second part of the market for trust focuses on the ZK and Oracle services that are operated by subsets of ZK and Oracle nodes. As the network of ZK Oracle nodes grows the users will be able to impact the selection nodes for zero-knowledge computation and token bridges. This selection process will gradually involve a market where quality is rewarded and the most trusted nodes will be paid a higher price for the services performed.
In conclusion, on one hand, the basic blockchain involving all baker nodes is incentivized through relative performance and local information in the P2P network. On the other hand, the services performed by subsets of nodes are incentivized through competition driven by the users. In combination, this two-sided incentive provision sets a new standard for how to incentivize a decentralized network by creating a comprehensive and transparent market for trust for the greater good.
For more details, please check out the yellow paper, software documentation and the Medium blogs.
This concludes the blog series that briefly introduced the 7 main features defining the Partisia Blockchain mainnet, called ZEUS:
Poseidon — Provable Fast Track Consensus
Hermes — Collateralized Token Bridging
Apollo — Unified Public and Private Smart Contracts
Mithra — Market for Trust
Please let us know what you think and thank you to everyone in our community for your support!
There are 7 proprietary innovations that deliver Partisia Blockchain’s complete Layer 1+2 Blockchain. In this blog we present the sixth innovative feature — public and private smart contracts — we call it Apollo.
For an overview of all of the 7 features see the Zeus blog here. We are presenting each of the 7 innovations with a unique post to explain each feature.
Smart contracts are programs stored and executed on the blockchain. The automated execution of smart contracts based on predefined conditions is a significant part of the value proposition from the blockchain ecosystem in general. Today this kind of tailored services are managed by third parties in control of the users’ data — a situation that created the current internet economy or web 2.0 with large information giants.
The privacy-preserving computations built into the Partisia Blockchain add an essential dimension to smart contracts. With general privacy-preserving computation, smart contract automation enables a data driven economy with private digital agents that remain in full control of the private data involved. This is a new way forward for the internet economy with the users in control of their own data and hence their own bargaining power.
To realize this vision, the smart contracts on Partisia Blockchain are designed for general coordination of public and private computations — a unified public and private smart contract language. A very significant innovation is the private smart contracts that makes it simple for any developer to tap into zero-knowledge computation or MPC-as-a-Service. As MPC is a very advanced technology — it is an explicit goal that the expertise and knowhow of the Partisia expert team will be gradually built into the smart contract language. This will ensure the uptake of an otherwise complex technology and enable efficient execution and avoid security breaches.
We believe that general privacy-preserving computation and our private smart contract language will move the blockchain ecosystem to a new level and open up for an entire new field of use cases.
The smart contracts will enable users to take advantage of the full stack that has been designed to bring privacy to all platforms. The scalability provided by Poseidon and Iris enable efficient zero-knowledge computation and the Bring Your Own Coin (BYOC) provided by Hermes ensures economic alignment with the networks that integrate with Partisia Blockchain.
For more details, please checkout the yellow paper and software documentation.
Please let us know what you think and stay tuned for the next blog post about the market for trust, called Mithra.
Thank you to everyone in our community for your support!
Partisia Blockchain Team