Intel Partners Up With Enigma on Privacy Research
Enigma, a decentralized application (DApp) platform, will be entering a partnership with Intel which will focus on privacy research, according to a statement released by the two companies on June 20. Enigma is currently amidst preparations of launching its blockchain testnet.
Enigma, which finalized its $45 million Initial Coin Offering (ICO) in September 2017, stated that the partnership would concentrate on “research and development efforts to advance development of privacy preserving computation technologies.”
“Privacy is currently the biggest barrier to smart contract adoption. Blockchains are good at correctness, but bad at privacy by design. Smart contracts and decentralized applications will need to be able to use private and sensitive data to see global adoption,” said an Enigma spokesperson.
The platform’s objective is to be the first provider of an environment dedicated for scalable end-to-end DApps which uses custom-built privacy technology to secure data “while still allowing computation” on top of it.
“Enigma is excited to continue collaborating with Intel to advance our protocol and privacy technologies for public blockchains, as well as expanding and strengthening our working relationship,” read the post, implying that further partnership details will be made in the future.
Vice president of the software and services group and general manager of the platforms security division at Intel, Rich Echevarria, also appeared very optimistic regarding the prospect of improving the security issues of blockchain.
“Security is pivotal to our company’s strategy and a fundamental underpinning for all workloads, especially those that are as data-centric as AI and blockchain. We will continue to innovate and make our silicon an active participant in the threat defense lifecycle,” wrote Echevarria in a post separate from Intel.