Intel is partnering with Enigma’s start-up business, helping it improve the protection of smart-focused smart contracts. This is written by CoinDesk.
“Secret contracts” is a type of smart contract for public blockсhains that use cryptographic mechanisms to hide transaction data from network nodes. Enigma is a startup, created thanks to the efforts of the Massachusetts Institute of Technology and is creating a more private platform for decentralized applications. He intends to improve the privacy of his protocol by integrating the Software Guard Extensions (SGX) technology from Intel in the second half of 2018.
“Privacy is now the most serious barrier to the widespread dissemination of smart contracts. Blockchains are arranged so that they are good in accuracy, but they are bad in privacy. In order for smart contracts and decentralized projects to become widespread, they must be able to work with private and confidential data,” said Enigma.
Enigma plans to work with Intel and other partners to develop applications that will support its protocol and SGX. This year, it will launch a pilot project designed to test its technology and demonstrate the potential of the joint work of SGX and the Enigma protocol.
In addition, now both companies conduct scientific and design work in a safe execution environment (TEE), which is an integral part of the SGX technology that protects data and code. TEE is a secure place in the main processor of the device, which is separate from the operating system and is responsible for storing and protecting data. The goal of Enigma and Intel is to create “production-level software that can be used on a large scale.”
In April, CEO Enigma Guy Ziskind wrote a post on Medium, in which he stressed the need for secret contracts, pointing out the problems faced by other privacy technologies (for example, coin mixers and the “zero-disclosure” protocol). Evidence with zero disclosure is especially vulnerable to situations where several “unreliable and pseudo-anonymous” parties participate in the hacking, performing the calculations.
According to Ziskind, secret contracts are a “missing element” for solving this problem, because they perform calculations using encrypted data that remains hidden from network nodes.
In addition, Enigma plans to release both a test and a basic – fully operational, real-time – network. According to the roadmap, the company intends to launch them in the 1st and 2nd quarters of 2018, respectively.