$0.1093 5.44%
ENG · 178w

Enigma joins Enterprise Ethereum Alliance

We at Enigma are committed to building real solutions and making decentralization work for everyone — individuals as well as institutions. To help us achieve our ambition, we are proud to announce Enigma’s membership in the Enterprise Ethereum Alliance as well as the Decentralized Identity Foundation.

Enigma is a blockchain-based protocol that uses groundbreaking privacy technologies to enable scalable, end-to-end decentralized applications. With Enigma, “smart contracts” become “secret contracts,” where input data is kept hidden from nodes in the Enigma network that execute code. Without this functionality to protect sensitive data, blockchains and smart contracts are either useless or not truly decentralized. We believe Enigma is the missing piece to realizing a decentralized future.

Over the past months, we have been busy working with multiple major multinational companies and other organizations to explain and explore some of the benefits of the Enigma protocol. Enigma enables secure data processing and information sharing that enables partners to:

a) explore new avenues that were not possible either due to competition or regulation, and

b) reduce their liability on sensitive data.

We believe data is the most valuable asset in today’s world. The world’s largest companies are built around collecting, securing and building a competitive advantage around private data. While being a source of competitive edge, data is also heavily regulated as it covers the most private information about individuals. Thus, either due to conflicting business incentives or regulatory limitations, collaboration on data is currently not possible. Furthermore, data leakages and unintended use of our data are becoming real threats to our social fabric.

Enabling entities to securely share and collaborate on data will create tremendous long-term value for our society and our businesses.

Enigma’s privacy protocol enables organiza...

Continue on blog.enigma.co
Recent news
No posts found