MIT's 'Enigma' Uses Bitcoin Blockchain to Create Privacy-Enhancing, Decentralized Computation Platform
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....
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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:
Bitcoin and the concept of decentralization made many things possible, such as Bitnation, a decentralized government. I have recently gotten the chance to talk to some people behind Zennet, the worlds first public super computer. 1. What is Zennet? Zennet is a decentralized peer-to-peer platform that lets anyone rent out and profit from their idle computation power, and anyone rent this power. 2. What does it aim to achieve? Zennet aims to create the world’s biggest decentralized supercomputer, accessible to anyone around the globe. 3. How does it plan on doing just that? Zennet will run....
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 cryptography and code-breaking. It was the name of the electro-mechanical encryption system used by Germany before and during World War II, which was broken by a group of notable mathematicians and early computer scientists, including Alan....
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....
Mass adoption of privacy-preserving computation might become a significant improvement for blockchain. Is anyone doing it yet?ArpaChain, a secure computation network compatible with blockchain, uses an MPC protocol that creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure.Earlier this year, Arpa joined the commission on Blockchain technologies and the crypto economy of Russia. The development team also engaged in a large-scale test for preserving privacy. ARPA’s team is currently focused on....