- ARPA is a secure, privacy-preserving computation network and will be providing a layer 2 solution to enhance privacy in data transaction
- This privacy layer will enable developers to securely build dApps and MNCs to build a robust ecosystem and infrastructure
- ARPA and IOST envision together commercial development in areas like finance, marketing and healthcare, and building a secure blockchain infrastructure which has high performance and utility
The latest addition to the big four public chains after Ethereum, EOS, and Tron, IOST Foundation on April 12, 2019, announced their partnership with ARPA, a secure computational network. This move essentially targets their MNC enterprise clients and hopes to enhance privacy preservation.
Just a month ago, IOST launched an application ready Mainnet featuring and giving a platform to run dApps. Although its design principles are similar to other platforms, IOST uses its own consensus protocol. IOST has already brought more than 100 partner and developers on board and continues to expand the number daily.
ARPA is a privacy-preserving network which operates secure multi-party computation which allows a set of parties to be able to compute a set of inputs while remaining private, and the computation remaining verifiable.
What ARPA and IOST Can Do Together
ARPA is a secure form of computation-networking and provides privacy protection being a safe method of transacting data.
IOST will be incorporating this as a layer 2 solution, enabling exceptional privacy for developers that access the network. In the big picture, MNCs can use the platform to leverage a private ecosystem thus protecting valuable data. This will start off in the form of private data sharing at a business level, and further expand commercially to areas which require a secure form of management of data.
The Future of IOST
With an incredibly successful run for IOST in the past month, this partnership builds on the ability of the Foundation to be able to deliver to MNCs across a variety of sectors. They have already announced several partnerships, which includes the recent partnership with Ehang, a Chinese developer of autonomous vehicles.
Notably, IOST has also seen a recent peak in the transactions on its networks and has so far processed well over 25 million transactions. With the developers of IOST claiming it to be one of the most scalable blockchain networks, it goes to see the partnerships in the pipelines.