ZUG, 27 NOVEMBER 2023. In a groundbreaking collaboration, Partisia Blockchain and the University of Applied Sciences and Arts Western Switzerland (HES-SO Valais-Wallis) are poised to transform the management of digital identities for Swiss citizens. This partnership aims to develop a decentralized electronic identity system in harmony with the Swiss Federal Council’s unwavering commitment to data privacy and security.
This collaboration marks a significant leap toward redefining digital identity management in Switzerland. The joint project aims to empower individuals with control over their personal data, ensuring a future where privacy and security are not compromised.
The primary objective of this project is to define the architecture for a self-sovereign identity (SSI)-based electronic identity (e-ID), creating a minimum viable product (MVP) and seamlessly integrating it into a public administration portal.
The SSI solution empowers citizens by enabling them to wield credentials issued by public administrations in mobile applications, offering the autonomy to select the data they disclose when accessing services. Central to this innovation is the blockchain technology, with Partisia Blockchain at the forefront, introducing a fast, sustainable, and privacy-centric blockchain solution.
Kurt Nielsen, PhD, President of Partisia Blockchain, says:
“Our aim is to place control firmly in the hands of individuals, allowing them to become the ultimate custodians of their personal information. This approach not only enhances privacy but also elevates the level of security that individuals can expect from digital identity management.”
Partisia Blockchain, known for its proficiency in zero-knowledge and private smart contracts, provides a platform where individuals exercise absolute control over their personal data. This decentralized system ensures that the individual is the ultimate owner of their information, setting a new standard in privacy and security.
Jean-Luc Beuchat, Professor at HES-SO Valais-Wallis, says:
“We are thrilled to introduce our SSI solution, designed to provide a simple, secure, and open-source approach to digital identity management. Its versatility makes it ideal for a wide range of applications, from government-issued e-IDs to humanitarian aid initiatives. Our scalable solution can be seamlessly adapted to meet the unique requirements of diverse organizations.”
In response to the rejection of the Federal Act on Electronic Identification Services (e-ID Act) by Swiss citizens in March 2021, the Swiss Federal Council promptly recommended Parliament to approve six motions addressing citizens’ concerns and proposing a new e-ID Act. This led to the drafting of technical solutions by the Federal Office of Justice (FOJ), including the discussion paper on the target vision for an e-ID in August 2021. The paper outlined three technical approaches: a state identity provider, a public-key infrastructure, and self-sovereign identity (SSI). Opting for the latter approach, the Federal Council is in the final stages of concluding consultations before the year’s end.
The solution developed by Partisia Blockchain, DuoKey and HES-SO Valais-Wallis is slated for presentation to the Swiss Federal Department of Justice before Christmas. Emphasizing its various benefits, including non-disclosure of personal information, data usability for statistics and planning without revealing personal information, and its compliance with Swiss legislation, this solution aligns seamlessly with the vision outlined by the Swiss Federal Council.
The Partisia Blockchain and HES-SO Valais-Wallis’ joint solution is a pivotal moment in reshaping digital identity management in Switzerland, emphasizing a commitment to privacy, security, and a decentralized approach. The joint efforts aim to echo the Swiss regulations of data governance, prioritizing individual empowerment and stringent privacy measures.
The system relies on verifiable credentials (VCs) to ensure secure and privacy-preserving authentication along with SD-JWT selective disclosure. Managed through smart contracts deployed by a universally trusted governance framework, citizens can securely log into various web portals using these credentials. Supported by proven cryptographic techniques, this system maintains data integrity and privacy, ensuring a robust digital identity management solution.
Energy efficiency, scalability, and security have been at the core of our solution as well. Partisia Blockchain not only offers a sustainable choice but also ensures the scalability needed to accommodate any number of users while upholding the highest standards of security.
The collaboration between Partisia Blockchain, DuoKey and HES-SO Valais-Wallis marks a pivotal step forward in digital identity management in Switzerland, particularly in the context of the broader European landscape where projects, such as the European Union’s e-ID, are sparking discussions about privacy and data security. By focusing on an SSI-based e-ID and utilizing zero-knowledge and private smart contracts, this solution aims to empower individuals with unparalleled control over their personal data. This approach not only ensures robust privacy and security, but also sets a new standard in digital identity management, highlighting user empowerment and a commitment to a decentralized framework.
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 HES-SO Valais-Wallis: HES-SO Valais-Wallis, a pioneering institution, hosts eleven Bachelor’s degree and three PEI study programs, and houses nine research institutes. It stands as a prominent hub fostering skills and innovation, meticulously grooming students for the professional realm. Enriching economic and social landscapes, this institution significantly contributes to job creation within the canton of Valais. With approximately 2,800 students, HES-SO Valais-Wallis comprises five distinct schools: the School of Art, School of Management, School of Engineering, School of Health Sciences, and School of Social Work.
About DuoKey: DuoKey is a cybersecurity company specializing in encryption and key management solutions. The company offers advanced key management services and double key encryption systems designed to provide unparalleled data protection across cloud and hosted applications. DuoKey primarily serves industries requiring high levels of data security, such as financial services, healthcare, and government sectors. It was founded in 2020 and is based in Lausanne, Switzerland.
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ZUG, 20 NOVEMBER 2023. Blockchain-Ads, the trailblazing solution for Web3 brands seeking to connect with their ideal audiences, is set to make history as the first-ever advertising platform to go live on Partisia Blockchain’s revolutionary blockchain. This partnership is poised to reshape the advertising industry, offering unprecedented opportunities for Web3 brands to reach their target audiences efficiently, effectively, and with uncompromising privacy.
The Web3 landscape has faced a longstanding challenge: the struggle to engage with their desired customer base. Traditional advertising networks have often imposed restrictions on crypto-related promotions, leaving many brands underserved. Furthermore, existing crypto ad networks have failed to deliver the crucial capability of targeting users based on their on-chain behavior — until now.
Brian Gallagher, Co-Founder of Partisia Blockchain, says: “I have always been passionate about user-centric ads, even holding US patents for blockchain-based targeted advertising. My co-founders and I built Partisia Blockchain to bring this vision and capabilities to the market; disrupting the data economy as we know it today. Seeing Blockchain-Ads launch on Partisia Blockchain is both a technical milestone and a realization of our co-founders personal mission to put users first in digital advertising and the data economy.”
Blockchain-Ads, in close collaboration with Partisia Blockchain, has leveraged the innovative MPC and ZK technologies to create a secure, privacy-preserving, and cost-effective solution. This approach ensures that user data is processed securely while facilitating highly targeted advertising campaigns. It represents a monumental shift in digital advertising, preserving user privacy without compromising the integrity of user data.
Following a successful testnet launch in May, Blockchain-Ads launched Partisia smart contracts on the mainnet on 1 November 2023. This milestone marks the formal introduction of Blockchain-Ads to the digital advertising arena, offering a truly decentralized alternative to the conventional, centralized advertising industry.
Blockchain-Ads based on third party analytics is outperforming competitors tenfold in efficiency and effectiveness, offering Web3 brands a unique opportunity to achieve their advertising goals. With this revolutionary platform, brands can expect superior targeting capabilities that are unparalleled in the market.
Vlad Chejkov, Founder of Blockchain-Ads, says: “Our mission is crystal clear: to disrupt the conventional advertising industry and usher in a new era of decentralized, privacy-preserving, and cost-effective advertising. We are committed to redefining privacy and user control in the digital advertising landscape, with a solution specifically tailored to the needs of Web3 brands.”
Blockchain-Ads invites the world to witness the future of digital advertising on Partisia Blockchain’s blockchain, where privacy, efficiency, and effectiveness converge like never before.
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
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The following are the requirements and step by step process of how to bridge tokens into the Partisia Blockchain network.
Remember that in the Partisia Blockchain, other liquid tokens are used to pay for gas. To transact in the network, you need to bridge the supported tokens first.
For more detailed description of the steps, please review further below or watch the video:
Step 1: Go to https://browser.partisiablockchain.com and sign in using your MPC wallet
Step 2: After you sign in, choose “My account” on the left side and then choose BYOC
Step 3: Choose the token you wish to bridge and select Deposit (or withdraw to withdraw your tokens) Then sign into Metamask
Step 4: Enter the amount you wish to bridge and click on “Deposit”
Step 5: Sign the transaction in metamask and complete the transfer
If you run into any issues, please request for help in our community channels or submit a ticket in Discord.
Thank you for being a part of our community!
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ZUG, 8 NOVEMBER 2023. Partisia Blockchain, a trailblazer in the world of blockchain technology, has embarked on a transformative rebranding journey, fortifying its visual identity, logo and refreshing its website. This strategic initiative, a collaborative endeavor with the renowned Irish creative studio Big+Bold, was undertaken to solidify Partisia Blockchain for its upcoming launch and the establishment of pivotal partnerships, marking a seismic shift in the demand of blockchain technology for enterprise, institutions, and government entities.
The meticulous brand reappraisal has positioned Partisia Blockchain as the eminent destination for privacy-conscious organizations, poised to have a profound and enduring impact on the domains of enterprise blockchain and individual privacy.
The Partisia Blockchain website has undergone a transformation, signaling the imminent introduction of new features, the on-chain launch of projects, the diversification of our community, and a warm welcome to institutional users who are preparing to embrace the blockchain.
In an era of groundbreaking computational concepts, Partisia Blockchain’s new logo reaffirms our commitment to people-centric innovation, emphasizing the human dimension in our technological pursuits. This visual symbol serves as a beacon, guiding our path toward building solutions that resonate with and empower individuals at the core of our mission.
Kurt Nielsen, President and Co-Founder of Partisia Blockchain, says:
“Our new logo is more than just an emblem. It is a statement of our unwavering dedication to human-centered innovation. In a world of intricate technological concepts, our logo reminds us that our ultimate goal is to serve and empower people through our cutting-edge solutions. It is a symbol that encapsulates our mission and values, embodying the profound connection between technology and humanity. The new logo not only reflects the evolution of Partisia Blockchain but also underlines our commitment to transparency, accessibility, and innovation, placing people at the forefront of our brand identity.”
This refreshed brand identity serves to reinforce Partisia Blockchain’s unique position as an organization that prioritizes real-world adoption through practical use cases, empowering value creation through the twin principles of privacy protection and transparency.
Bakyt Azimkanov, Head of Communications at Partisia Blockchain, says:
“Our collaboration with Big+Bold has been an endeavor of mutual benefit, culminating in a comprehensive brand reappraisal that positions us seamlessly for our upcoming expansion and the anticipated surge in adoption. The significance of branding cannot be overemphasized; it is the linchpin for driving value and attracting institutional players to our ecosystem. We believe that our reimagined brand positioning will resonate across a diverse spectrum of users seeking privacy solutions, including government and public sector entities, healthcare and pharmaceutical corporations, financial services, and beyond.”
The refreshed visual identity not only underscores our unwavering dedication to our core mission but also reaffirms our commitment to establishing a Web3 infrastructure devoid of a single point of trust, enabling the secure use of both public and private information across all platforms. This unparalleled capability is fortified by our groundbreaking multiparty computation (MPC), a technology offering unrivaled privacy protection, interoperability, and scalability.
David Nurse, Managing Director at Big+Bold, says:
“Partisia Blockchain’s unique solution for preserving privacy sets it apart in the world of Web3 organizations. As a fourth generation blockchain harnessing groundbreaking secure multiparty computation (MPC) technology, the brand must effectively communicate its exceptional features, including innovation, interoperability, and scalability. Our overarching goal was to future proof Partisia Blockchain’s brand, ensuring it aligns seamlessly with its core mission and is fully equipped to lead the way into the future.”
Partisia Blockchain extends an open invitation to developers, enterprise users, and the broader community to explore our expanding ecosystem and experience firsthand the transformative potential of MPC technology.
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
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As the year is slowly approaching its end, the Partisia Blockchain team met in Aarhus, Denmark, to take stock and laser focus near-term plans. Throughout a week-long strategy meeting in the heart of Jutland, key actions were identified for the last quarter of this year and the first three months of 2024. With many plans in sight, the next three months promise to be busy.
As progress in the year continues, Partisia Blockchain is thrilled to introduce some new faces to our team, which promises exciting changes in October and November 2023.
We are delighted to introduce Shirly Valge as our new Head of External Relations and Partnerships. With an impressive background that includes a significant role at Velas Network, Shirly brings a wealth of experience and expertise to our team. Her primary focus will be on strengthening our partnership network, elevating our industry presence, and nurturing strategic alliances. This appointment underscores our ongoing commitment to leadership excellence and talent acquisition.
Say hello to Mathias Glintborg, who now heads our Technical Program Management as the Senior Technical Program Manager. Mathias, formerly the CTO at canow in Tokyo, comes with a proven track record of shaping innovative blockchain solutions. His responsibilities encompass overseeing secure multiparty computation (MPC) and enhancing blockchain solutions for areas like DeFi, data sharing, and digital identity. He also offers valuable insights on design and architecture to our development teams. Mathias plays a pivotal role in ensuring efficient project planning and execution.
As we look ahead, November promises more remarkable additions to our team and exciting community initiatives. The journey of Partisia Blockchain is ever-evolving, so stay tuned!
Let’s dive into a whirlwind of exciting events that took place this month:
Our journey started at CV Summit in Zug, Switzerland, which offered a unique networking experience. This event, different from the others we have attended, saw participation from well-established organizations. It was a testament to the industry’s maturity as we witnessed a shift from asset-driven ecosystems to real-world problem-solving. As partners of CV Labs, we secured a booth and connected with potential leads in supply chain, DAOs, and NFT-based property deeds management.
Heading south to EthMilan in Lombardy, Bruce Ahn our Head of Developer Relations participated in the first major Web3 conference and joined a panel discussion on DAOs. This felt like a great Web3 conference, highlighting ZK, DAOs, DeFi projects, and the importance of privacy. It was enlightening to witness the maturation of DAOs and explore the need for privacy in the space.
Our new Head of External Relations and Partnerships, Shirly Valge, excelled on a panel discussing institutional Web3 adoption. She shared valuable insights on how large financial institutions can embrace blockchain-based technology.
Sponsored by Partisia Blockchain, the Web3 MeshMeet event in Dubai was an opportunity to connect with industry leaders and foster crypto partnerships. Thanks to all the sponsors and those who joined us!
Chief Product Officer, Mark Bundgaard, and VP of Engineering, Jesper Gravgaard, had a fantastic meetup with the Cardano community in Japan. They were excited to discuss the ADA token bridge, MPC, and Partisia Blockchain’s future.
Mathias Glintborg attended the European Blockchain Convention in Barcelona, a celebration of Web3 innovation. It was heartening to see industry experts appreciating our contributions to privacy-enhancing technologies and blockchain infrastructure. The convention featured enlightening talks on topics such as privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG (Environmental, Social, and Governance) principles, and interoperability.
We held another successful Quarterly AMA on 9 October 2023. The leadership team discussed the latest developments and shared exclusive insights including details on our Metamask integration. Catch the replay of our Quarterly AMA on our YouTube channel and stay tuned on our channels for the next one!
Our first dApp is launching soon on Partisia Blockchain! Blockchain Ads is the first dApp to launch on mainnet in Partisia Blockchain. Click here to learn more about them and in the coming weeks we will provide more information on how to get onboarded and be rewarded for your data.
We are also participating in multiple events this month! From Cardano Summit in Dubai to PET Summit in Singapore to our online hackathon, which will be launched with DevPost, we have a packed schedule coming up in November. There is more in store so keep up to date with announcements in our social channels.
On the project front, we announced DelNorte that is working with multiple governments in Latin America and is now building on Partisia Blockchain. Learn more about them here on our Medium article and a video interview with the founder
The month of November is an important date for Partisia Blockchain Ambassadors. After meeting all the necessary regulatory requirements, the Partisia Blockchain Foundation is now able to distribute rewards to Ambassadors for their contributions to the advancement of our mission.
A lot of foundational groundwork has also been executed that will position the Partisia Blockchain’s Ambassador Program as the most advanced in its class.
The Ambassador Program, while technically still in the private alpha stage, is intended to transition to a public beta around Q2 2024. Stay tuned for more updates.
This month
Next month
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The European Blockchain Convention, held in Barcelona on 25-26 October 2023, was a celebration of Web3 innovation, attracting passionate individuals and organizations eager to shape the digital future. As an attendee, I had the pleasure of meeting numerous Web3 projects and industry experts who expressed genuine enthusiasm about Partisia Blockchain’s revolutionary applications of secure multiparty computation technology (MPC) and hybrid blockchains.
It was heartening to see how they not only appreciated our contributions to privacy-enhancing technologies and blockchain infrastructure but also wanted to continue the conversation, with the aim of becoming builders within our ecosystem.
The convention served as a testament to the collaborative spirit and shared vision of creating a more decentralized, user-centric digital world. Over these two days, attendees were treated to enlightening talks from some of the industry’s finest minds and exposed to game-changing topics such as privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG (Environmental, Social, and Governance) principles, and interoperability. In this recap, we will delve into the highlights of this groundbreaking convention and the key takeaways that promise to shape the future of Web3.
Privacy has always been a concern in the digital age, and the Web3 movement is no exception. At the European Blockchain Convention, it became clear that privacy is a fundamental pillar of the Web3 ecosystem. Discussions revolved around how blockchain technology and state-of-the-art cryptography such as MPC and fully homomorphic encryption (FHE) can offer users and businesses greater control over their data, preserve privacy and comply with regulations, while still being able to compute on it. Solutions that ensure data sovereignty while enabling secure and private computation were showcased, setting the stage for a future where privacy is not compromised for convenience.
Web3 is all about decentralization and putting control back in the hands of users. Building secure infrastructure is essential to achieving this goal. The convention brought together a diverse group of experts, infrastructure builders, and enterprises dedicated to creating scalable and decentralized networks with high performance and interpretability to other ecosystems. The discussions highlighted the vital role of infrastructure in the success of Web3 projects and the importance of continuous innovation in this field.
Web3’s potential goes far beyond digital currencies and non-fungible tokens. Real World Assets (RWA) are making their presence known, bridging the gap between the physical and digital worlds. Several projects showcased at the convention are pioneering solutions that enable the representation and transfer of real-world assets on blockchain networks. This innovation is set to revolutionize industries such as real estate, finance, and supply chain management by tokenizing assets and unlocking new opportunities for global trade and investment.
Digital identity is at the core of Web3’s promise to empower individuals in the digital space. Convention attendees learned how blockchain technology is redefining digital identity, putting users in control of their personal information. Projects focused on self-sovereign identity and decentralized identity management solutions are emerging as key players in the Web3 ecosystem. The discussions at the event explored the importance of identity ownership, the elimination of central authorities, and the protection of user data. Several identity projects showed great interest in the prospect of Partisia Blockchain’s MPC technology that can enhance digital identity with self-sovereign storage and private computation.
A significant addition to the conversations at the convention was the integration of ESG principles into Web3 technologies. Environmental, Social, and Governance factors are increasingly seen as essential components of sustainable and responsible business practices. Many Web3 projects and enterprises are actively incorporating ESG considerations into their strategies. This commitment to sustainability and ethical governance aligns with the broader global movement towards a more environmentally friendly, equitable, and responsible future.
One groundbreaking topic that garnered significant attention was the tokenization of carbon credits. Several Web3 projects are pioneering the digitization of carbon credits, which allows for more accessible and efficient trading and tracking of carbon emissions. By incorporating blockchain technology, Web3 is poised to revolutionize the way we combat climate change. This innovative approach facilitates transparency in carbon trading, encourages environmental responsibility, and furthers the cause of reducing carbon footprints.
Interoperability emerged as a pivotal theme at the convention, underscoring the need for different blockchain networks and Web3 projects to work seamlessly together. The Web3 ecosystem thrives when disparate platforms can communicate and transact with one another. Projects showcased solutions for cross-chain interoperability, allowing assets and data to flow freely between different blockchains. This interconnected Web3 infrastructure promises to unlock new levels of innovation and efficiency by fostering collaboration across the ecosystem.
The European Blockchain Convention in Barcelona was a testament to the growing momentum of the Web3 movement. With a keen focus on privacy, secure infrastructure, Real World Assets (RWA), digital identity, ESG principles, and interoperability, the event provided a snapshot of the innovations and solutions that are shaping the future of Web3.
As we move forward, these discussions and projects will continue to play a pivotal role in building a decentralized, user-centric digital world that addresses the challenges of today and paves the way for a brighter tomorrow. We were honored to witness the strong interest in Partisia Blockchain’s MPC technology and the desire of many projects to join our ecosystem, and we look forward to forging new alliances and innovations in the Web3 landscape.
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Guest blog from Anton Glotser, CEO of DelNorte
DelNorte is digitizing, tokenizing and monetizing bureaucratic processes. In governments and corporations bureaucracy is often time consuming, cumbersome and in the worst cases prone to corruption. Many governments and some corporations are still using the millenia-old method of pen and paper for bureaucratic processes. Our partnership with Partisia will help us modernize that process.
DelNorte solves the problem of security, transparency, frequency, efficiency, scalability, fidelity and friction. By converting physical documents to digital and storing them on the blockchain we solve about 95% of the problems associated with traditional paperwork. Not only does this greatly improve quality and security of the data, but our solution provides an unfathomable amount of ancillary benefits. Having guaranteed and secure real time data associated with physical assets, such as real estate deeds on the blockchain, makes the assets represented by these smart tokens significantly more valuable.
Working with Partisia Blockchain offers several notable benefits both for us and our clients. Partisia Blockchain utilizes cutting-edge cryptographic techniques like secure multiparty computation (MPC) to ensure that sensitive data remains confidential even while being processed on the blockchain. It addresses scalability challenges by enabling efficient computation and data processing. As we occasionally get requests for a variety of blockchains, Partisia accommodates us with their interoperability across blockchains and systems. Also dealing with governments security is a top priority for us. Partisia utilizes advanced cryptographic techniques to protect data and transactions. The last important point is our ability with Partisia to mold a variety of regulations and customization to specific use cases and business requirements.
We have contracts for pilot projects in El Salvador, Mexico and Honduras. Our most advanced and tested project is in El Salvador. There we have live transactions and are now expanding to other services like digital signatures stored on chain, and a national expansion for tokenized deeds and titles.
We also have a product called Kasas.io, it is a real estate search engine and marketplace that allows anyone to buy, sell, rent or invest in whole property or fractions of real estate remotely and completely legally in all of Latin America. In the places where we have a direct link to the government we can even perform 100% digital remote real estate transactions for purchase or sale, with digital NFT deeds and titles issued virtually on chain and recognized by the government as official. You can hop on a plane and buy a house mid-flight, and by the time you land in that country (El Salvador at the moment), you will already own the house.
DelNorte stock is registered and we are currently raising US$2 million for 20% of the company to fuel our national and international growth. We are in the process of expanding to about a dozen countries in Latin America but also into parts of the USA. We are expanding our tech stack and our private sector operations for automated real estate transactions. If you are interested in learning more about us or investing, please check us out on all social media at https://delnorte.io or for questions about investment email us at ag@delnorte.io
Trust, the cornerstone of any relationship, holds profound significance in our interconnected world. Whether it be interpersonal, inter-corporate, or even between governments, trust is the linchpin upon which successful relationships are built. Partisia Blockchain, in its essence, is a catalyst for redefining trust in the digital realm.
“The art of enabling trust within an inherently untrusting environment.”
But how does Partisia Blockchain achieve this monumental feat?
The importance of trust is a concept we can all readily grasp. Yet, the question arises – what facilitates trust among entities? A critical factor in this equation is privacy. Trust cannot manifest in a realm of complete anonymity. However, it also cannot thrive in a domain of absolute transparency. The sweet spot lies in a harmonious blend of both, where transparency and privacy coexist to cultivate trust.
Consider a simple scenario: applying for a credit card. A bank, to grant you this privilege, requires crucial information about you – your identity, income, contact details, and credit history. These details are essential for the bank to extend its trust in you. However, if you knew that these details would be made public, including your transaction history, your willingness to apply for that credit card would understandably wane.
Upon closer examination, it becomes clear that privacy is the very bedrock upon which trust is constructed.
In our credit card example, you enter a trusted environment where you bestow your trust upon the credit card company to safeguard your personal data. The company is, of course, bound by its business model to keep the sanctity of this trust. However, there is an underlying vulnerability here – data breaches, unauthorized sales, or inadvertent data exposure. These are potential avenues through which your trust can be shattered. In such cases, you are placing trust in the environment.
On the other hand, a trustless environment requires no implicit trust in any single entity but still manages to perform necessary functions seamlessly. Enter the decentralized blockchain, a prime example of an environment where trust in an entity is unnecessary. Here, blocks are formed, and information is inscribed on the ledger without a single entity having dominion over the system. The laws of physics exemplify another trustless environment – they exist without needing trust because the system is transparent, having been measured and documented, and accessible to all for independent confirmation.
Partisia Blockchain ingeniously fuses these concepts to tackle the trust predicament. It enables two entities to work together within a trusted framework, devoid of any single entity’s control. The synergy of multiparty computation (MPC) and blockchain technology underpins this innovation.
MPC, a revolutionary technology, permits the computation of confidential data. It functions as an encryption technology, allowing input values to remain hidden while still computing answers. It empowers us to calculate the sum of 2 and 3 without revealing the original values. Envisaged in the late 1970s and officially introduced in 1988, MPC boasts an illustrious history, with over a thousand research papers and 15 years of practical implementation.
In parallel, blockchain, the other keystone of Partisia Blockchain, has been redefined to its very core. Through our distinctive BYOC tokenomics principles and an infinitely scalable architecture, we make trust in a trustless environment a reality for all – not just for those building on our platform.
By converging these two technologies, Partisia Blockchain democratizes trust within a trustless domain. This manifests as a wealth of opportunities: companies collaborating without exposing their confidential data, creating equitable, private, and accurate voting systems, returning control of data to users, and enabling monetization of data. In the heart of Partisia Blockchain’s mission lies the potential to revolutionize business models and unveil novel value propositions.
At Partisia Blockchain, our journey is guided by over 35 years of relentless dedication to encryption technology. Our Chief Cryptographer, Ivan Damgård, the mastermind behind the Merkle–Damgård Construct, which underpins renowned hash algorithms like MD5, SHA-1, and SHA-2. His groundbreaking work in the 1980s laid the foundation for secure multiparty computation (sMPC), and today, this profound expertise empowers us to champion the most advanced sMPC protocol globally.
Our mission is to redefine the very essence of trust, forging a fresh perspective on how data is employed. To bring this vision to life, we had to excel not only in sMPC but also reimagine the architecture of public blockchains.
Secure multiparty computation is an encryption marvel that permits data computation without revealing the underlying data itself. Imagine a sophisticated dance of algorithms that enables outcomes like auctions, data analysis, voting, surveys, and random number generation without divulging the precious data within.
The blockchain ecosystem grapples with two pressing challenges: interoperability and scalability. From an interoperability standpoint, every blockchain acts as a unique asset class, fueling a competitive zero-sum game mentality. Each Layer 1 blockchain claims supremacy, leading to a winner-takes-all narrative. Furthermore, users are bound to a specific blockchain, having to acquire and use that particular token as an entry ticket, reminiscent of an amusement park experience.
On the scalability front, the single-database nature of blockchains poses hurdles related to both scalability and transaction speed. Overloaded blockchains often suffer from delayed transaction confirmations and a lack of real-time efficiency.
To fulfill our visionary goals, we realized the need for a groundbreaking re-architecture of blockchain technology.
In an environment where blockchain networks resemble amusement parks, we introduce a paradigm shift. Rather than being confined to one park’s rides, our mission is to let anyone access our innovations, irrespective of their token holdings. We have engineered a system that embraces tokens with liquidity, allowing them to serve as transaction payments within our ecosystem. Our BYOC tokenomics foster a vibrant ecosystem where different token types can facilitate transactions, ensuring all users can harness our sMPC technology. Our native MPC token, in turn, bolsters our blockchain’s security, as node operators stake their tokens as collateral, safeguarding our network.
Traditional blockchains grapple with scalability issues, impeding real-time finalization and usability during high traffic. Partisia Blockchain confronts this challenge head-on by adopting a revolutionary approach. We have re-engineered the traditional method, enabling horizontal scaling and boasting a rapid .3-second finalization time in normal conditions. Our network comprises multiple blockchains, each autonomously producing blocks, creating an unparalleled scalability model. Moreover, our unique BFT consensus mechanism ensures “speed of light” finalization. For in-depth insights into this architecture, refer to our yellow paper.
These distinctive attributes empower you to craft pioneering solutions that revolve around trust. We extend an invitation to all those seeking to enhance trust and privacy within their applications. Reach out to us, and let’s explore unique solutions to your challenges. Together, we can reshape the digital landscape and usher in a new era of trust.