AI Summary
According to CoinDesk, the distinctive nature of Partisia Blockchain’s experience positions it uniquely to address data privacy issues in public blockchains, as stated by Adrienne Youngman, CEO of Partisia Blockchain Foundation, in a recent interview.
Privacy has long been a challenge for public blockchains, deterring enterprises and institutions from adopting the technology due to the exposure of sensitive data. Earlier this year, Miguel Morel, CEO of crypto analytics platform Arkham, remarked that public blockchains are among the worst methods for maintaining private information confidentiality.
Partisia claims to provide complete data privacy through its highly secure, interoperable token and data bridge, utilizing advanced multiparty computation (MPC) to enhance privacy in public blockchains. This solution aims to support complex use cases impacting everyday individuals. Despite the presence of competitors like Fireblocks, Zama.ai, and Chainlink, Partisia’s extensive experience sets it apart.
Youngman and Partisia’s Chief Product Officer, Mark Bundgaard, attribute their unique position to their deep-rooted history, dating back 36 years. In 1988, Danish cryptographer Ivan Damgård co-authored the first paper on MPC during his PhD studies at Aarhus University. Damgård also co-invented the Merkle–Damgård construction, a foundational element in cryptographic hash functions. By the 2008 financial crisis, Damgård was a full professor and had founded Partisia, a Denmark-based tech group. Partisia initially applied MPC to solutions for the Danish and Norwegian governments and multinational corporations before integrating it with blockchain for private deployments.
“Partisia was founded to tackle a critical 'real world' challenge: enabling collaboration on sensitive data without compromising privacy,” Youngman stated. “Our blockchain leverages decades of cryptographic expertise from pioneers like Ivan Damgård, allowing us to build solutions that not only overcome barriers to real-world adoption but also create entirely new business models, giving individuals and enterprises unprecedented control over their data.”
Youngman highlighted Partisia blockchain’s proven track record of over 16 years, including collaborations with Danish health authorities to use patients’ data without revealing their identities. The blockchain has also partnered with global leaders like Bosch and humanitarian organizations like the Red Cross to enhance aid distribution in conflict zones.
MPC is a cryptographic technique that secures secrets by distributing them among multiple parties, ensuring no single party has complete control, thereby increasing security. Unlike Zero Knowledge Proofs (ZKPs), MPC offers more composability and enables more complex queries. The MPC token also serves as the native token of the Partisia blockchain.
