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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Scalability has been something that architects have been grappling with for many years. In the technology space, being able to scale both vertically (adding capacity) and horizontally (adding instances) has been grappled with in all parts of the technology stack. Do you add more transistors in a CPU or add cores to work together? Do you add more space in a hard drive or add multiple hard drives to work together? Do you build a faster computer, or create a software architecture to use multiple computers in sync?
One thing is for certain however. Scaling vertically has limits. There is only so much CPU, memory, storage you can add to a single system before it runs out of capacity.
Blockchain space is no exception. As adoption grows, so must the ability for a blockchain to handle the additional transaction on chain as a result. And in the blockchain space, we call it TPS (transactions per second) This is a combination of two metrics;
Different blockchains use different architectures to try and achieve faster throughput. For finalization, there are things like probabilistic and deterministic finalization. To achieve a higher number of transactions, blockchains have turned to sharding, and added on different rollup technologies like ZK or optimistic roll ups.
To create the fastest blockchain, you have to first look at what can theoretically be achieved for the above two factors. For the finalization time, the fastest is instant. As soon as the block is created, you want it to be finalized as fast as possible. For the number of transactions in a block, you want to be able to put the number of transactions in a blockchain can handle to be as much as possible. The more transactions you can process at the same time, the faster your chain will be. And all of this needs to be done in a secure manner. So how does Partisia Blockchain handle these two challenges?
For finalization, PBC has implemented a unique consensus model that consists of three parts.
This unique finalization model allows for blocks to be created and finalized in real time with the only limit being the time it takes for the verification signatures to propagate throughout the network. (More info in PBC’s yellow paper section 3.1)
While the term “sharding” has been popularized by blockchain, its actually a term that was coined back in the 1990s, by an online video game company, of all places. During the initial popularization of MMORPG (massively multiplayer online role-playing games) the company building the game Ultima Online ran into a scalability problem. To solve the problem of scaling out huge worlds for hundreds of thousands of users to interact with, they came up with a database scaling architecture and coined it “Sharding” This sharding architecture caught on and is now actively being used by many different database products, including MySQL, Oracle DB and MSSQL.
Blockchain has borrowed the term but if you look at the general architecture of most blockchains, it does not conform to the general principles of what sharding really means. In blockchain sharding, while blocks may get created in parallel, it still gets appended to the end of a single chain.
Through “speed of light” finalization we tackled the issue of creating finalization instantly. For the transaction per block issue, we looked to architect the sharding model according to the definition of what sharding really is; True parallel processing of data.
Just like how it is in traditional databases, in Partisia Blockchain, each shard is an independent blockchain. And each shard ,or blockchain, is capable of independently creating, validating and confirming a block. This architecture goes back to the original definition of what a shard is and allows for true parallel processing of blocks. And in the event congestion is detected, the system automatically creates a new shard adding additional capacity dynamically. Through this dynamic scalability architecture, Partisia Blockchain can theoretically scale infinitely, only limited by the number of nodes in the blockchain.
By creating a programming language that allows for developers to use MPC in a generic way, 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 paving the way for anyone to create blockchain solutions that can balance privacy and transparency to build trust and ensure integrity.
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.
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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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