Enigma, MIT Media Lab's Blockchain-based Encrypted Data Marketplace, to Launch Beta
In July Bitcoin Magazine reported that researchers and entrepreneurs at the MIT Media Lab had started the development of a new encryption system, dubbed Enigma, based on the blockchain technology. Enigma will enable untrusted and anonymous participants to securely share sensitive information with a third party. The name "Enigma" is part of the history of....
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BOSTON—The MIT media lab project Enigma is starting its beta of its blockchain-encrypted protocol. The peer-to-peer network allows computers to “jointly store and run computations on data while keeping the data completely private.” The system is claimed to be quite secure, offers complete autonomy over data, and removes the need for third-party....
Over the last few months, renowned global organizations and financial establishments have proposed designs, or at least have attempted to implement Bitcoin's blockchain technology, to encrypt sensitive data or to settle transactions without the association of third-party institutions such as banks. Continuing the global trend, the MIT Media Lab and two Bitcoin entrepreneurs have developed a prototype of an encryption system called Enigma. Enigma is a Bitcoin blockchain-based encryption system that enables untrusted and anonymous computers to share sensitive information with a third party....
A pair of Bitcoin entrepreneurs and the MIT Media Lab has revealed a prototype for a system called Enigma, a decentralized cloud platform with guaranteed privacy. Enigma allows users to store, share, and analyze personal data without it being fully revealed to any party. Powered by the blockchain, Enigma aims to be a secure, multi-party computation. The team at MIT has already developed a prototype for Enigma, which is based on a highly optimized version of secure multi-party computation, guaranteed by a verifiable secret-sharing scheme. MIT Media Labs’ whitepaper says:
The MIT Media Lab has unveiled that it is working on a Bitcoin-based encryption system that lets users securely share data over a decentralized computational network. The system, called Enigma, could offer drastically improved privacy features on the Internet. Enigma, which is still in its prototype phase, is set to solve a classic problem in data security. Similar to a process known as “homomorphic encryption,” the system would allow data to be shared and used for computation while remaining undecipherable. Interestingly, this could potentially enable the recreation of all sorts of....
MIT Media Labs, in collaboration with two Bitcoin entrepreneurs, has unveiled a project that would protect cloud-based data from being discovered by third-party entities. Dubbed as Enigma, the project is hoping to meld decades-old data security method, known as "homomorphic encryption", with the cryptography technology behind the digital currency Bitcoin. Doing so, the creators of Enigma will be maintaining the data's overall privacy during its propagation from one place to another. The project will apply some mathematical tricks on the data that will make it unreadable to hackers and....