Enigma to Join Forces with Intel

Enigma plans to work with Intel and other partners to develop applications that will support its protocol and Intel's Software Guard Extensions (SGX) 
21 June 2018   1010

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's Spokeperson

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.
 

Rick Echevarria

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.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   101

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.