Enigma (ENG), a blockchain-based protocol that enables scalable end-to-end decentralized applications, announced on Wednesday that it will be partnering with Intel (INTC) on R&D efforts to further advance the project’s privacy-oriented computation technologies.
BIG NEWS: Enigma is pleased to announce our collaboration with Intel, focused on our protocol and the development of privacy-preserving computation technologies for public blockchains. Read more about this important news and what happens next on our blog. https://t.co/7sK533F1y5
— Enigma Project (@EnigmaMPC) June 20, 2018
According to the announcement, Enigma will leverage Intel’s SGX (Software Guard Extensions) to integrate private smart contracts onto the Ethereum public ledger. Intel’s SGX is a security technology that protects data and code through the use of enclaves that are protected areas of execution in memory.
Speaking to the new collaboration, Rick Echevarria, Vice President of Intel’s Software and Services Group, highlights Intel’s current approach to working on problems facing the emerging blockchain industry.
Intel is committed to enabling business transformation by shortening the time-to-value from blockchain implementations and working with the industry to address privacy, security and scalability challenges. Enigma’s protocol approach is helping solve the challenges on public blockchain networks and improving data privacy and smart contract security.
Enigma, which was created by a team of Massachusetts Institute of Technology graduates and researchers, and incubated at MIT Media Lab, is focused on solving major issues related to scalability and privacy of public blockchains and decentralized applications.
Further details of the partnership will be unveiled during Intel’s keynote speech Thursday at Cyber Week 2018 in Tel Aviv.