Announcement: Kryha gets early access to Oasis!
We’re very proud to announce that Kryha is one of the first companies worldwide to be granted access to Oasis — a privacy-first cloud computing platform on blockchain — as a private testnet user. We were able to get early access to the Oasis platform made more broadly available with their Oasis Devnet launch earlier today.
About Oasis
Oasis is a privacy-first cloud computing platform that leverages blockchain. Through “privacy-preserving” smart contracts, the protocol enables secure computing on sensitive data in a consortium of untrusted actors. Oasis aims to solve known shortcomings of existing blockchain protocols by leveraging secure hardware known as TEEs (Trusted Execution Environments) and other secure computing techniques. Initially, the protocol uses the Intel SGX standard but aims to provide support for open-source alternatives later on.
The project is founded by Oasis Labs; a blockchain startup with an all-star team. The company gained a lot of attention after being funded by some very high-profile VC firms, such as Binance Labs, a16z, Pantera Capital and Polychain Capital.
Spearheading the blockchain privacy problem
At Kryha, we implement solutions on different blockchain protocols. We firmly believe it’s too early to commit to protocols. As platform-agnostics, we’re constantly researching new protocols to add to our toolkit.
Oasis caught our eye since it’s trying to solve one of the main issues within the 2018 blockchain space: Privacy.
We’ve run countless projects for both public and private organizations, such as KLM, Shell, Bosch and the Dutch Ministry of Justice and Security. Many of the blockchain concepts that come to light during our workshops involve using sensitive data. Sensitive data can be both confidential data (e.g., competitive supply chain metrics) or PII (personally identifiable information).
For example, organizations in the supply chain domain would like to perform joint calculations on confidential data. They want to reap the benefits of this unified process between industry partners, but they don’t want the numbers to be visible to the other parties since it would compromise their competitive edge.
Another example can be found in the service industry. Organizations are conceptualizing platforms that would require the use of PII (personally identifiable information). European privacy laws (the likes of GDPR) require us to comply with “the right to be forgotten”, essentially preventing us from enclosing PII on the blockchain since it wouldn’t be removable.
Using existing blockchain protocols, we’re limited to the type of information we can enclose on-chain when we’re working on such concepts. Sometimes we can implement a workaround, such as enclosing data-pointers instead of the actual data. These workarounds often negatively impact the degree of decentralization and application performance. We’re excited about Oasis because we think this protocol will help us develop solutions for many of our clients utilizing sensitive data faster and more reliably.
Privacy by design
Kryha is very excited about the Oasis protocol because it’s suitable for privacy-centric applications by design. We look forward to seeing the project progress, and we’re excited to start building enterprise applications with this exciting new protocol.
