Blockchain start-up Enigma will use Intel's SGX technology to improve the "secret contracts" focused on increased privacy. Secret contracts are a type of smart contract for public blockchains that use cryptographic tricks to keep transaction data hidden from view This is reported by Coindesk.
Privacy is currently the biggest barrier to smart contract adoption. Blockchains are good at correctness, but bad at privacy by design. Smart contracts and decentralized applications will need to be able to use private and sensitive data to see global adoption.
Enigma plans to work with Intel and other partners to develop applications that will support its protocol and SGX.
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.
Vice President, Software and Services Group and General Manager, Platforms Security Division, Intel Corporation
This year, it will launch a pilot project designed to test its technology and demonstrate the potential of the joint work of SGX and the Enigma protocol.