IOST X ARPA Strategic Partnership | Paving The Road For MNC Enterprise Adoption
Only one month after the launch of mainnet, IOST has become one of the Big 4 public chains together with Ethereum, EOS and Tron. In the beginning of April, it processed more transactions per day than Ethereum, which makes IOST the third largest network network among its peers.
Today, the IOST Foundation is excited to announce its strategic partnership with ARPA, a leading privacy-preserving computation network.
Layer 2 Solution Enhancing Privacy Protection for IOST’s Enterprise Clients
ARPA provides privacy protection and computation security on the IOST public chain as a Layer 2 solution. Using secure multi-party computation technology, it offers safe private data transferring solutions based on crypto computation and blockchain for IOST business and customer clients, and through this, will greatly promotes IOST public chain construction and ecosystem globalization. In-depth technology cooperation and community ecosystem development will be carried out in the near future.
ARPA x IOST Interface: A Necessity For Enterprise Clients
To date, IOST has already announced multiple enterprise partnerships including in charity and aerospace, with many other deals in the pipeline.
Developers on IOST will be able to easily access to ARPA secure computation network to conduct DApp development with user privacy guaranteed. This privacy layer sets the foundation for MNC clients to use IOST in building secure and efficient enterprise systems.
In the short term, ARPA’s focus will be on private data sharing on a business level, such as multi-party joint credit reporting and joint KYC in financial sector, multi-source data joint risk control and sensitive information query in insurance and big data sectors. From a long-term perspective, ARPA will work hand in hand with IOST to promote commercial development in areas like finance, marketing and healthcare on a business and in areas such as secure management of personal data and liquidation and distributed-wallet KMS on a customer level.
In this collaboration, IOST and ARPA aim to build a more secure blockchain infrastructure with higher performance and utility.
ARPA is dedicated to providing enterprise and individual users with private computing ability and secure solutions for data transfer.
As a layer 2 privacy solution, ARPA will equip blockchains with a privacy-preserving option for developers to build secure enterprise systems and highly efficient Dapps on private smart contracts. With ARPA network, enterprise and individual data can be analyzed and utilized without being exposed to anyone.
ARPA’s Multi-party Computation technology supports secure data market, financial risk control, targeted marketing, credit score calculation and even liquidation of personal data.
ARAP’s core international team consists of renowned cryptographers from Tsinghua University, system architects from Wall Street hedge funds, seasoned engineers from Google, Uber, Amazon, Huawei and Mitsubishi, blockchain experts from the University of Tokyo and Wanxiang blockchain labs, data scientists from AIG, World Bank, CircleUp, as well as venture investors and consultants from Fosun and Fidelity Investments.