Fractal
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Fractal

Fractal Joins Forces with SINE Foundation to
Solve Data Privacy & Data Sharing Dilemmas

We’re thrilled to come together to build an innovative, highly secure, and privacy-preserving ecosystem for safe and efficient data collaboration.

SINE Foundation is a non-profit organization, consisting of professors of cryptography and economics, as well as innovative entrepreneurs: a “think-and-do tank” combining state of the art cryptography with proven governance mechanisms to make Secure Multi-Party Computation (SMPC) more than a theoretical possibility.

Through this partnership, we will collaboratively build the world’s first open-source SMPC matching engine, and develop the Smart Cookie technology. Aurel Stenzel, Co-Founder of the SINE Foundation, explains both SMPC and Smart Cookie technology in detail in this video.

As SINE Foundation designs and implements the foundation for lasting collaboration, Fractal will provide the infrastructure on which this SMPC-powered data collaboration will take place — the open-source data commons, and the means for the participants to exchange data in a self-sovereign way. Smart Cookie will be available by the end of Q1, 2022.

“​​The Smart Cookie technology we’re developing with SINE Foundation fits right into the Fractal Protocol mission. It aligns user consent and privacy with ad tech functionality, and is one of the first applications of multi-party computation technology. With the Smart Cookie, users stay in control of their data and publishers stay safe with GDPR.”

Julio Santos, Co-Founder and CTO of Fractal Protocol

But what exactly is Secure Multi-Party Computation?

Simply put, SMPC makes it possible to keep private data secure and personally controlled, while still allowing other parties to make mathematical computations on it — opening up the space for unprecedented data collaboration in all directions (B2B — B2C — C2C), while simultaneously ensuring data privacy. One big benefit of SMPC is that the person requesting the computation can verify that it was done correctly without seeing the underlying data. So we can support analyzers signing the results of an algorithm without exposing the data to the analyzer.

“Together with Fractal, SINE Foundation is building the world’s first open-source SMPC matching engine. With this tool, we can carry out fundamental actions required for a functional ad ecosystem such as ad prioritisation and ad delivery while maintaining the user’s privacy.”

Martin Pompéry, Co-Founder of the SINE Foundation.

We close with more exciting news: we are officially announcing the Fractal Builder’s Program. If you’re interested in building on top of the Protocol (and possibly receiving some investment while doing so), let us know! We’ll have more details in the coming months.

About the Fractal Protocol

Built on Polkadot, Fractal Protocol is an open-source, zero-margin protocol that defines a basic standard to exchange user information in a fair and open way, ensuring a high-quality version of the free internet. In its first version, it is designed to replace the ad cookie and give users back control over their data.

Make sure to:

This article does not include elements of any contractual relationship. This article shall not be deemed to constitute a prospectus of any sort or a solicitation for investment or investment advice; nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.

For the avoidance of doubt, please note that the Protocol has not been fully developed. Any statements made about the Protocol are forward-looking statements that merely reflect Fractal’s intention for the functioning of the Protocol. There are known and unknown risks that can cause the results to differ from the forward-looking statements.

Fractal does not intend to express investment, financial, legal, tax, or any other advice, and any conclusions drawn from statements in this article or otherwise made by Fractal shall not be deemed to constitute advice in any jurisdiction.

Fractal’s intended purpose of the Tokens is to be used as means of payment for the services that will be offered within the Protocol (the “Services”). The purchase, ownership, receipt, or possession of Tokens carries no rights, express or implied, other than the right to use Tokens as a means to enable usage of Services in accordance with the then-applicable terms of use relating to the Services offered within the Protocol. The Tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights, or any other form of participation in or relating to the Protocol, Fractal, Service Providers or any of their corporate affiliates, other than any rights relating to the provision and receipt of Services, subject to the applicable terms, conditions or policies that may be adopted by participants in the Protocol.

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Fractal builds real identities and privacy to empower real people. So you can secure, exchange and create value from your data in a decentralized way.

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Fractal

Fractal

Empowering and incentivizing users & businesses to exchange data in a privacy-preserving way.

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