Why Partisia’s Blockchain is the One to Solve the Data Privacy Issue

Therefore, due to its “unmatched” experience and origin, Partisia Blockchain is better suited to address the data privacy problems facing public blockchains, notes Adrienne Youngman, the founder and CEO of Partisia Blockchain Foundation.

Privacy Risks in Public Blockchains

Over the years, privacy has been a massive issue for public blockchain because it put organizations and institutions off using the technology for fear of exposing their data to the public domain. In his view, the majority of current public blockchains represent the worst possible approach to privacy from the perspective of preserving one’s personal information private This statement was made by Arkham’s CEO Miguel Morel earlier this year.

However, Partisia Blockchain provides “complete data privacy,” as the “most secure” interoperable token and data bridge through Multiparty Computation MPC technology. It introduces privacy to public blockchain systems, and as such, viable for business and civil application that touches on ordinary people’s lives. But the obvious question is what Partisia has over other similar startups, such as Fireblocks, Zama.ai, or Chainlink?

Cohort Characteristics That Distinguish Partisia

Adrienne Youngman and Mark Bundgaard, the CPO of Partisia Blockchain, attribute this to the company’s experience; it’s been around for 36 years. Danish cryptographer Ivan Damgård began working on MPC in 1988 during his Ph.D. work at Aarhus University; the first publication followed.

He also co-developed the Merkle-Damgård construction which is integral to cryptographic hash processes. Founded in 2008 financial crisis, Partisia deployed MPC solutions for governments and global corporations before incorporating it with blockchain for private use.

Real-World Use Cases

“Partisia was founded to solve a critical real-world problem: ”effective methods for data sharing which allow people to work together on keep data confidential,” said Youngman. Thanks to the past years of cryptographic experience, especially from the founders of the field, such as Ivan Damgård, the teams behind blockchains can craft new conceptualizations that remove the barrier of entry while offering the new opportunities for the business models and putting power into the hands of individuals and enterprises while owning the data.

Partisia Blockchain has already been implemented and tested, for example, developing ways of securely handling and sharing patients’ data with the Danish authorities. It has also worked with companies such as Bosch and even institutions such the International Red Cross Society helping to improve the delivery of aid to conflict stricken areas.

MPC vs. ZKP

Multiparty computation (MPC) is a cryptographic concept, which allows to encrypt secrets to avoid single party control them. This makes MPC more secure and composable than an equivalent secret sharing method like Zero Knowledge Proofs (ZKPs) that afford more complex queries.

The MPC token is also the native asset of the Partisia Blockchain.

By including relevant keywords and linking to related articles, the rewritten content aims to provide comprehensive information while enhancing search engine optimization for CryptoTelegraphs.

Join Telegram Channel For Daily New update: https://t.me/cryptotelegraphs_updates