A Conversation with Adrienne Youngman, CEO of Partisia Blockchain Foundation
In a recent interview with CoinDesk, Adrienne Youngman, CEO of Partisia Blockchain Foundation, highlighted the unique position of her company in addressing the problem of data privacy in public blockchains. With its unparalleled nature and provenance, Partisia is poised to revolutionize the way sensitive data is handled on public blockchain platforms.
The Problem of Data Privacy in Public Blockchains
For years, public blockchains have struggled with data privacy issues, making enterprises and institutions hesitant to adopt the technology for real-world problems. The concern is that publicly available blockchains can reveal sensitive information, compromising individual and organizational security. As Miguel Morel, CEO of Arkham, succinctly put it: "Publicly available blockchains are probably the worst possible way of keeping one’s private information private."
Partisia’s Solution to Data Privacy
Partisia claims to offer complete data privacy through its industry-leading, interoperable token and data bridge. Utilizing advanced multiparty computation (MPC), this solution enables secure sharing of sensitive data among multiple parties without compromising individual or organizational security. This technology has the potential to help anyone trying to implement complex use cases affecting the average person.
What Sets Partisia Apart?
Partisia’s depth of experience, a result of its origins dating back 36 years, makes it uniquely positioned to offer this solution. Similar service providers like Fireblocks, Zama.ai, and Chainlink are visible competitors; however, their lack of provenance and history in cryptographic expertise puts them at a disadvantage.
The Foundational History of Partisia
Partisia’s roots go back to 1988 when Danish cryptographer Ivan Damgård co-wrote the first paper on multiparty computation (MPC) during his PhD studies at Aarhus University. He also co-invented the Merkle–Damgård construction, which is used in influential cryptographic hash functions. By the time of the 2008 financial crisis, Damgård was a full professor at the university and had founded Partisia, a Denmark-based tech group.
From Cryptographic Expertise to Blockchain Solutions
Partisia applied MPC to solutions for the Danish and Norwegian governments and multinational corporations before combining it with blockchain for private deployments. This foundational expertise has enabled the company 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.
A Proven Track Record
Partisia’s blockchain has a proven track record of over 16 years, including successful collaborations with global leaders like Bosch and humanitarian institutions like the Red Cross. For instance, Partisia worked with the Danish health authorities to use patients’ data without revealing their identity. This expertise in handling sensitive information has made Partisia a trusted partner for complex solutions.
The Power of Multiparty Computation
MPC is a cryptographic technique that secures secrets by sharing them among multiple parties, ensuring no single party has complete control over the wallet, thereby increasing security. It’s different from Zero Knowledge Proofs because it offers more composability or combinations and makes it possible to run more complex queries.
The Future of Data Privacy in Public Blockchains
With Partisia at the forefront, the future of data privacy in public blockchains looks brighter than ever. The company’s commitment to providing complete data privacy solutions has set a new standard for the industry. As Adrienne Youngman aptly puts it: "Our blockchain draws on 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."
Conclusion
In conclusion, Partisia’s unparalleled nature, combined with its provenance and depth of experience, makes it uniquely positioned to solve the problem of data privacy in public blockchains. With a focus on providing complete data privacy solutions through advanced multiparty computation, Partisia is revolutionizing the way sensitive data is handled on public blockchain platforms.
About Partisia Blockchain Foundation
Partisia Blockchain Foundation is a leading provider of secure, interoperable token and data bridge solutions utilizing advanced multiparty computation (MPC). Founded by Ivan Damgård in 1988, Partisia has a proven track record of over 16 years in cryptographic expertise and blockchain solutions.
Learn More About Multiparty Computation
For more information on MPC and its applications in securing crypto money, read our article: MPC Explained: The Bold New Vision for Securing Crypto Money.
