EMURGO Ventures Teams Up With Partasia Blockchain To Bring Privacy To Cardano dApps

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EMURGO Ven­tures, the invest­ment sub­sidiary of EMURGO Ptd. Ltd, the com­mer­cial arm and a found­ing mem­ber of Cardano’s blockchain net­work, announced today that it has part­nered with the Lay­er 1 pub­lic blockchain pro­to­col Par­tisia Blockchain. Notably, the part­ner­ship allows Car­dano dApps devel­op­ers and its users to lever­age the ben­e­fits of Zero-Knowl­edge and Mul­ti-Par­ty Com­pu­ta­tion. There­fore, this will allow Cardano’s decen­tral­ized pri­va­cy fea­tures to be enhanced by exchang­ing resources on-chain.

Using Partisia’s devel­op­ment team, Car­dano devel­op­ers will be able to use their dApps with cus­tomized smart con­tracts. Also, the smart con­tracts will con­tin­ue to employ Car­dano ADA or Car­dano-based tokens. Par­tisia plans to release the first com­plete ver­sion of its smart con­tract pro­gram­ming lan­guage for pri­va­cy-pre­serv­ing ZK and MPC com­pu­ta­tions by the mid­dle of the year.

“Car­dano ecosys­tem is one of the biggest in the indus­try, and we look for­ward to pro­vid­ing as much val­ue as pos­si­ble to the devel­op­ers,” said Par­tisia Blockchain Co-Founder Bri­an Gal­lagher. On the oth­er hand, EMURGO founder and CEO Ken Kodama expressed his delight at the part­ner­ship, stat­ing that pri­va­cy was cru­cial to the devel­op­ment of the Car­dano ecosystem.

The increas­ing adop­tion of blockchain tech­nol­o­gy has made pri­va­cy a major con­cern. New stan­dards oper­at­ing on zero-knowl­edge plat­forms will be key to ensur­ing that you can inter­act with any­one from any­where at any time with­out reveal­ing your sen­si­tive data.

About EMURGO

As a found­ing mem­ber of the Car­dano net­work, EMURGO is its com­mer­cial arm. It helps orga­ni­za­tions address some of the most com­plex issues with social­ly impact­ful solu­tions. To fur­ther its glob­al clien­tele, it uti­lizes its capa­bil­i­ties for large-scale blockchain devel­op­ment and rapid solu­tion deployment.

About Emurgo Ventures

Emur­go Ven­tures is the invest­ment arm of EMURGO Ptd. Ltd. It makes invest­ments in sev­er­al Car­dano-focused star­tups as well as mid­dle­ware solu­tions com­pa­nies, among oth­er things.

About Partisia Blockchain

Par­tisia Blockchain is a zero-knowl­edge com­pu­ta­tion-inte­grat­ed Lay­er 1 blockchain pro­to­col. Addi­tion­al­ly, it is capa­ble of sup­port­ing the reg­u­la­to­ry com­pli­ance needs of both large and spe­cial­ized blockchains. Speed, trans­paren­cy, trust and pri­va­cy are at the heart of the Web 3 func­tions pro­vid­ed by this plat­form. In addi­tion, the ecosys­tem uses Mul­ti-Par­ty Com­pu­ta­tion cryp­tog­ra­phy (MPC). Using this tech­nique, it’s pos­si­ble to prof­it from decen­tral­iza­tion while still main­tain­ing user pri­va­cy in col­lab­o­ra­tive projects.



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