The “unparalleled” nature of Partisia Blockchain’s “provenance and depth of experience” makes it uniquely placed to solve the problem of data privacy in public blockchains, Adrienne Youngman, CEO of Partisia Blockchain Foundation, reports CoinDesk.
Privacy has been a weakness for public blockchains for years causing enterprises and institutions to be reluctant in using the technology to solve real world problems because it reveals sensitive data. Earlier this year, crypto analytics platform Arkham’s CEO Miguel Morel said “Publicly available blockchains are probably the worst possible way of keeping one’s private information private.”
Partisia says it offers “complete data privacy” as the “industry’s most secure,” interoperable token and data bridge using advanced multiparty computation (MPC) to bring privacy to public blockchains, helping anyone trying to implement complex use cases affecting the average person. But what made Partisia uniquely positioned to offer this solution when similar service providers such as Fireblocks, Zama.ai and Chainlink are visible competitors.
Youngman and Partisia’s Chief Product Officer Mark Bundgaard said its depth of experience, a result of its origins which go back 36 years makes it unique. In 1988, Danish cryptographer Ivan Damgård co-wrote the first paper on multiparty computation (MPC) while pursuing his PHD studies in Aarhus University.
