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Partisia Blockchain Foundation Shows Momentum With Polygon Integration, New COO
SOURCE: THECRYPTOBASIC.COM
AUG 27, 2022
Partisia Blockchain Foundation brings multi-party, zero-knowledge computation to Polygon via its unified smart contract-technology, enabling developers to build new blockchain-based use cases. This comes on the heels of its appointment of former Cardano Foundation executive, Hinrich Pfeifer, as COO.
Partisia Blockchain Foundation, an independent non-profit supporting the development of the world’s ultimate zero-knowledge blockchain, announced the completion of its Mainnet v3.0 integration into Polygon, an Ethereum scaling protocol onboarding millions to web3. The completion came just days after it announced its appointment of Hinrich Pfeifer to the position of Chief Operations Officer.
Existing smart contracts, starting from the very first smart contract in 2009 with the launch of Bitcoin, have been isolated into two separate and vastly different types —public and private— limiting the expansion of blockchain applications. The more common type, Public, or visible, smart contracts provide weaker privacy posing a problem for use cases that require maintaining discreet health or financial records. Whilst, private smart contracts protect against outside interference or malicious activity, but they cannot be easily audited or verified by third parties.
The Foundation’s mainnet v3.0 integration unlocks Partisia’s privacy-preserving computation infrastructure and a new type of smart contract — allowing Polygon developers to build use cases that require data confidentiality and privacy while using a public blockchain.
“This technology will drastically transform the way businesses and individuals interact with each other,” said Brian Gallagher, Co-Founder of Partisia Blockchain.
This technology, leveraging Partisia Blockchain’s unified private and public smart contracts and zero-knowledge multi-party computation, is certain to play a role in the industry’s future as developers gain the potential to build hundreds of Polygon-powered use-cases. This opens the door to numerous opportunities, including:
“The integration of Partisia Blockchain’s unified smart contracts based on zero-knowledge, multi-party computation opens up countless new and exciting possibilities for all Polygon developers,” says Antoni Martin, Polygon Enterprise Lead.
This integration and recent COO appointment join Partisia Blockchain Foundation’s momentum, as the Foundation doubled its headcount over the past year, with senior hires like Iulia Mihailescu (CMO), and Jennifer de Broglie (Director of Thought Leadership).
Hinrich brings with him his vast expertise as the Cardano Foundation’ General Secretary, and in the development of both the Cardano Foundation’s global team and its protocol and blockchain adoption. Alongside its co-founders, Hinrich will oversee the Partisia Blockchain Foundations operations, strategy and vision, as the Foundation scales blockchain expansion and its on-chain solutions to issues of counterfeiting, digital identity and trade finance gaps.
Hinrich’s appointment compliments the Foundation’s progress as he spearheads the Foundation’s rapid expansion to “deliver the promises that multi-party computation offers to different industries.”
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