Web3 Builders
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Web3 Builders

Web3 Builders: Phala Network and Web3 Analytics

Phala Network is a cross-chain interoperable confidential smart contract network for privacy-preserving decentralized apps and services. We are developing our pilot product — Web3 Analytics, a decentralized data analytics tool — to present our vision of Web3 that we want to give the value of data back to everyone and add liquidity to the data market.

The reasons why we chose Substrate are:

Therefore, we would like to connect Phala to Polkadot or Kusama as a parachain. As a confidential contract network, we believe that Phala won’t create more value without composability with other ecosystem projects.

Started in 2018, Phala’s key features are:

With the power of Phala Network’s confidential contract, we found it possible to create a purely decentralized Google Analytics alternative — Web3 Analytics — to provide web performance measurement, customized statistics, and data visualization dashboard, in a decentralized way. It collects and processes personal data without invading privacy because data is encrypted and data analysis is performed by confidential contracts only when it’s authorized by the user. As a result, users get 100% control over their data.

Web3 Analytics Dashboard

👉 Save your spot in the coming Web3 Builders webinar to learn more about:

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Dan Reecer

Chief Growth Officer @ Acala and Karura. Previously launched Polkadot and Kusama @ Web3 Foundation.