By Ivan Damgård, Chief Cryptographer at Partisia Blockchain
You may have heard about Multiparty computation, or MPC, for short, but you may not know exactly what it is. That’s why in this blog post, we are going to explain exactly what multiparty computation is, and discuss the profound and seemingly impossible tasks it can help us accomplish.
Multiparty computation has a number of real world applications. Say, for instance, we have a set of people who all have the same type of job in various companies. They are interested in finding out what the average of their salaries is, in order to guide their future salary negotiations. …
By Kurt Nielsen, PhD, President of Partisia Blockchain Foundation
The lack of confidentiality and privacy on blockchains is obvious and hampers blockchain technology’s disruptive potential as a WEB 3.0 platform supporting value transfer. This blog post will explore this topic and examine how the Partisia Blockchain project combines MPC and Blockchain to solve this problem.
The decentralized internet, as a frictionless channel of information and basis for innovative business models, has created a digital economy that is centralized around a small number of successful platforms created and protected by built-in network effects. The tremendous success of the internet economy has created some of the most valuable companies in the world. However, the flip side of this is that these companies accumulate vast troves of individuals’ private data, which, in turn, has a profound impact on the global distribution of power and wealth. WEB 3.0 needs to tackle this by providing a more neutral platform or infrastructure that empowers the individual, particularly as the internet economy is rapidly expanding into all areas of value transfer, including sectors in which data security is an absolute prerequisite, such as banking, insurance and telemedicine. …