[ad_1]
The developers of the Waves protocol e MADANA they are collaborating so that they can take advantage of “confidential” computing when working with Oracles blockchain or DLT (Distributed Ledger Technology) and during inter-chain communication.
Through the partnership, Waves and MADANA have agreed to jointly build DLT-powered blockchains or Oracles using the Gravity inter-chain communication protocol.
As mentioned in the announcement, MADANA’s proprietary computing solutions have “the potential to benefit Oracle and interoperability systems”. The company has achieved important milestones by working on various use cases that will allow MADANA to “increase its reach and functionality”.
As noted in a blog post from the Waves team:
“In addition to an aligned technical roadmap, Waves and MADANA share a common philosophy of providing blockchain agnostic solutions to companies across various industries.”
Waves’ cross-chain and Oracle Gravity network “will take center stage” in the collaboration between MADANA and Waves. Although data has been “historically encrypted at rest, in storage and in transit over the Internet, MADANA’s confidential computing solutions provide a ‘state-of-the-art’ ability to protect data and applications in use (in memory) through the impenetrable Hardware-based Trusted Execution Environment (TEE) that protects users’ most valuable digital assets while they are being processed by a different node, ”notes the announcement.
This approach helps facilitate “tamper-proof” processes that cannot be “impacted even by node hosts, which opens up many new ways to design more secure, efficient and confidential blockchain systems,” the release said.
MADANA has reportedly spent several years conducting research and development (R&D) and is now ready to offer its TEE technology to business partners, which includes the creators of the Waves platform.
Sten Laureyssens, strategic advisor to the Waves Association, said:
“The cumulative strengths of Waves and MADANA will lay the foundation for substantial research into using TEE to create data oracles on the Gravity network that will be unmatched in terms of security, confidentiality and integrity,”
Founded in 2017, MADANA is a German company that focuses on building confidential computing applications and supports data privacy initiatives. It has co-founded blockchain or DLT-related organizations, including INATBA, and its partner network in Europe includes several blockchain companies and associations, along with companies from sectors, such as OVHcloud.
[ad_2]Source link
