EMURGO and Partisia to enhance Cardano privacy features

2022-5-4 16:00

EMURGO Ventures and Partisia Blockchain, a Layer 1 public blockchain protocol built for privacy, trust, and scalability, announced a partnership to enable the exchange of resources to enhance Cardano’s (ADA/USD) decentralized privacy features on-chain, Invezz learned from a press release.

Leveraging Partisia’s privacy-preserving ZK for Cardano dApps

With this partnership, Cardano dApp developers and users will be able to take advantage of Partisia blockchain’s privacy-preserving zero-knowledge (ZK), multi-party computation (MPC).

Cardano developers will use customized smart contracts created by Partisia’s team where applicable to their dApp’s utility case. Both Cardano developers and their dApp users with enjoy more robust privacy as a result.

Partisia expects to deliver the first full version of its smart contract programming language designed for privacy-preserving ZK and MPC computations mid-2022. EMURGO founder and CEO Ken Kodama commented:

EMURGO Ventures is excited to partner with Partisia and its stellar team to bring more privacy tools for Cardano developers to utilize and add value to the Cardano ecosystem. Cardano’s Web3 development is advanced by the efforts of Cardano’s dApp developers, and this partnership serves to add more elements to their toolbox to provide services that users will demand such as privacy features.

Partisia Blockchain Co-Founder Brian Gallagher said:

Partisia Blockchain couldn’t be more thrilled to partner with EMURGO Ventures to deliver our first cross-chain, zero-knowledge privacy smart contracts to the Cardano ecosystem. The Cardano ecosystem is one of the biggest in the industry and we look forward to providing as much value as possible to the developers. We built Partisia Blockchain with a collaborative approach to make our privacy contracts available across all other networks and this partnership is a strong indication that we’re finding product market fit in this industry and that privacy is in demand.

Venture capital firm a16z made a statement:

The next phase, this next decade, will be about the ability to interact with anyone, anywhere, at any time — privately, without revealing one’s data, and with more control in the user’s hands. New web standards built with zero-knowledge proofs and blockchains will therefore offer users choice by introducing a new privacy layer for the web.

The post EMURGO and Partisia to enhance Cardano privacy features appeared first on Invezz.

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