Confidential Computing Redefines Decentralization
“We have long been able to protect data at rest and in-transit with end-to-end encryption. But running code on that data required decryption — slicing open a gaping security hole that meant personal data was manipulatable by the third party that controlled the code. Confidential computing protects data in use for the first time by cordoning off a black box within the CPU that decrypts, computes on, and re-encrypts data so privately that not even the local operating system knows what’s happening. This is confidential computing.”
Every blockchain company worth its salt claims to be decentralized in one way or another. While decentralization is a protean term, there is one meaning that cuts to the bone of the concept: Decentralization means giving individuals power over the code that processes their data.
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Founded as an open-source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all “things” — humans, machines, businesses, and DApps — can interact with trust and privacy. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and confidential computing to enable next-gen IoT devices, networks, and economies. IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”.