Partisia Blockchain raises $20M to build an internet privacy infrastructure for the greater good
Zug – 17 May 2021 – Partisia Blockchain, the Web 3.0 public blockchain built for trust, transparency, and privacy has announced it has raised a total of $20m following its latest funding round led by Ausvic Capital, P2P.org, Kosmos, and Bitscale, as well as other key players including Crypto Bazar Capital, CRT Capital, Gate.io Labs, and Insignius Capital.
Partisia Blockchain’s cutting-edge solution to the internet’s confidentiality and privacy challenges represents the first successful complete integration of blockchain technology with another commercial grade distributed cryptography, Secure Multi-Party Computation (MPC). In simple terms, it allows enterprises to experience the advantages of decentralized technologies while still guaranteeing that data remains private and secure while used in collaborative solutions.
As the team continues to work towards the Mainnet launch of its layer 1+2 solution and test and develop token bridges, Partisia Blockchain today also announces that sharding is now live on its betanet facilitating high network speeds. Now having raised $20m, the team will focus on deploying layer 2 generic privacy preserving computation on top of Ethereum and other networks, amongst other activities.
Dr. Kurt Nielsen, Co-Founder and President of Partisia Blockchain, said, “Our ultimate goal is to create a more sustainable data driven society that balances protecting and utilizing data. MPC solves any computation directly on computed data while maintaining zero knowledge about that data. Applied to an internet user, MPC allows for companies to interact with targeted individuals without compromising the users’ confidential data, which paves a trustworthy road for advanced solutions within anything from telemedicine to automated market agents. It also lays the foundation for a new internet revenue model, one where individual users can finally earn their fair share of the billions of dollars generated by big data year on year.”
Earlier this year, Partisia Blockchain launched Instars, a decentralized social media platform that guarantees individual control over data and allows members to earn rewards for their time and data. The company also secured a grant from the EU-funded Next Generation Internet Trust (NGI Trust) to help develop Better Internet Search, a new alternative search engine promising increased privacy, fewer ads, and less bias.
Dr. Nielsen concluded, “Where Web 3.0 meets MPC, consumers can own and monetize their data. The lines of the internet have not been re-written in decades. It’s time the internet moved from an information centric model to a user centric one – it’s as easy as MPC.”
As the team continues to work towards a Mainnet launch and tests token bridges, Partisia Blockchain has also announces that sharding is now live on its betanet facilitating high network speeds. There are currently 70 whitelisted node operators in the process of being onboarded to betanet. Partisia Blockchain is also collaborating with major industry players to help facilitate the growth of its services with several announcements to follow later in the year.
About Partisia Blockchain
Partisia Blockchain is a Web 3.0 public blockchain built for trust, transparency, privacy, and speed of light finalization. The cutting-edge solution to decentralization’s confidentiality and privacy challenges, Partisia Blockchain represents the first successful complete integration of blockchain technology with another commercial grade type of distributed cryptography known as Secure Multi-Party Computation (MPC). This combination of Distributed Ledger Technology (DLT) with privacy-enhancing software allows enterprises to experience the advantages of decentralized technologies while still guaranteeing that data remains private and secure.
A pioneer in the space, Partisia Blockchain was founded by Partisia, the world-leader in commercial applications of Secure Multi-Party Computation, who have been bringing cutting-edge commercial-grade MPC software solutions to global enterprises since 2008. The team counts a number of well-known industry luminaries among its ranks, including world leading cryptographers, developers, and entrepreneurs. For more, visit https://www.partisiablockchain.com/#/
